Ethereum L2 Network Base to Activate Fault Proofs on October 30

Ethereum's Base Network Activates 'Fault Proofs' on Mainnet

In an exciting update for the Ethereum community, the Layer 2 network Base has officially announced the activation of 'Fault Proofs' on its mainnet, scheduled for October 30. This significant upgrade marks a pivotal moment for enhancing the security and reliability of the network.

What Are Fault Proofs?

Fault Proofs are a mechanism designed to allow anyone on the network to monitor and contest invalid withdrawals independently. This innovation eliminates the need for trusted third parties, thereby promoting a more decentralized and trustless environment.

Expected Enhancements

• Improved Security: The implementation of Fault Proofs aims to ensure that only valid transactions are processed by the network.
• Challenge Mechanism: Users can challenge invalid withdrawals, adding an additional layer of security to the platform.
• Streamlined Processes: The upgrade will replace the existing 'L2OutputOracle' with the new DisputeGameFactory, responsible for submitting output root statements.

Impact on Pending Withdrawals

With the upgrade, all pending withdrawals will need re-verification. Withdrawals initiated before the activation of Fault Proofs will enter a seven-day challenge period before finalization, ensuring thorough scrutiny of all transactions during this critical transition.

Conclusion

The upcoming activation of Fault Proofs on the Base network represents a significant advancement in the Ethereum ecosystem, reinforcing its commitment to security and efficiency. As the community awaits this update, stakeholders are encouraged to stay informed about the impacts and benefits of these changes.