Ethereum Layer-2 Optimism has implemented proof of error in its smart contracts, team says
Ethereum Layer-2 Optimism has implemented proof of error in its smart contracts, according to its development team, OP Labs. According to the team, the bullish movement has now reached the “first phase” of decentralization, referring to a list of steps outlined by Ethereum co-founder Vitalik Buterin.
At least four other OP Stack networks will implement bug proofs “soon,” including Base, Metal, Mode, and Zora.
At Optimism, users can now initiate withdrawals of Ether (ETH) and ERC-20 tokens “without interference from a trusted third party,” OP Labs said in a post. Additionally, if the team serializer attempts to process invalid indents, they may be “disputed and deleted” by any user who provides error proof showing that the indent is invalid.
The message states that the new system does not completely prevent the serializer from blocking valid withdrawals or processing invalid withdrawals, because error proofs can be overturned by a six-of-eight vote of the optimistic Security Council. However, the default process for verifying withdrawals is now up to users rather than the Optimism team, and this process can only be overridden by an explicit vote of the board.
The team claimed that this move to “Phase One” would pave the way for full decentralization or “Phase Two” at some point in the future. Secondly, the Security Council will only be able to go beyond proving an error if an error leads to an error. Several proof systems conflict with each other.
The new crash system, called “Cannon”, was developed with the participation of several teams, including OP Labs, Base Network and Sunnyside Labs. The proposal to implement the change was adopted by the governance organizations of Optimism’s Token House and Citizens’ House.
According to the team, Cannon won’t be the only error-resistant system Optimism uses in the long term. In the future, Optimism will realize a “multi-proof knife”, in which multiple proof systems will be used to ensure that only valid transactions are confirmed by the serializer.
OP Labs claimed that Optimism should remain secure now that the new code has been implemented. It maintains “guardrails” that allow the Security Council to “act quickly and effectively” if a bug in the code is discovered. If these safeguards are enabled, “withdrawals will be reset, requiring a reprimand for all pending withdrawals.”
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In a conversation with Cointelegraph, Optimism founder Karl Floersch claimed that Optimism and other secondary tiers are making significant progress toward decentralization, even if the path is difficult.
“(T)he reason it is so difficult to build a proof system is that it is the most security-critical code and requires incredible levels of assurance,” he said. -he declares. “We’re not there yet in the second phase of the game, but we’re starting to see the pieces come together.”
Floersch said the network’s move to Phase 2 should be “rapid and decisive” after reaching Phase 1. He said it already has several client applications and is also in the process of acquiring several proof systems.
Ethereum’s Layer 2 networks, or “coins,” were developed to reduce transaction fees by allowing some data to be processed off-chain. However, some protocols have been criticized for suspending withdrawals or censoring transactions, activities which imply that they are centralized and under the control of the development team.
For the second layer, the terms “Phase 1” and “Phase 2” refer to the stages first described by Ethereum co-founder Vitalik Buterin. In a forum post, Buterin argued that users currently have to accept some layer two centralization, but that developers should decentralize them completely over time.
about: Vitalik Buterin wants collection operations to reach the first stage of decentralization by the end of the year
