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The developers of Optimism have integrated fault proofs into smart contracts.
Optimism users now have the ability to independently initiate the process of withdrawing #ETH and ERC-20 tokens "without the involvement of any trusted third parties." In other words, they can challenge potentially fraudulent or incorrect transactions.
Previously, on the #OP Mainnet, users had to trust operators to relay accurate state roots to the mainnet.
The Optimism #Security Council can intervene and return the system to a permitted state in case of failures during its operation under responsible deployment.
Additional assurances allow the structure to effectively address errors, including resetting the withdrawal procedure if necessary.
Many teams, including OP Labs, Base, a16z crypto, and Test in Prod, worked on the creation and testing of the system.
It is expected that the innovation will be extended to other chains based on the OP Stack, such as Base, Metal, Mode, and Zora.
#Crypto #CryptoNews #Key7 #TelegramChannel #Optimism #Base #Metal #Mode #Stack #Zora #CryptoChannel
KEY SEVEN โ ๏ธ
Optimism users now have the ability to independently initiate the process of withdrawing #ETH and ERC-20 tokens "without the involvement of any trusted third parties." In other words, they can challenge potentially fraudulent or incorrect transactions.
Previously, on the #OP Mainnet, users had to trust operators to relay accurate state roots to the mainnet.
The Optimism #Security Council can intervene and return the system to a permitted state in case of failures during its operation under responsible deployment.
Additional assurances allow the structure to effectively address errors, including resetting the withdrawal procedure if necessary.
Many teams, including OP Labs, Base, a16z crypto, and Test in Prod, worked on the creation and testing of the system.
It is expected that the innovation will be extended to other chains based on the OP Stack, such as Base, Metal, Mode, and Zora.
#Crypto #CryptoNews #Key7 #TelegramChannel #Optimism #Base #Metal #Mode #Stack #Zora #CryptoChannel
KEY SEVEN โ ๏ธ