Altcoin News: Vitalik Buterin Welcomes Major Update from Optimism (OP) Mainnet
The Optimism (OP) Mainnet recently announced the successful implementation of the “permissionless fault proofs” mechanism, marking a significant step towards achieving full decentralization. Ethereum founder Vitalik Buterin expressed his support for this update, welcoming it as a positive development for the altcoin.
This new mechanism, designed to validate transactions and maintain the blockchain’s state, has propelled OP Stack into “Phase 1” decentralization, according to Buterin’s standards. The introduction of the Fault Proof System on the OP Mainnet enables users to withdraw tokens without relying on central bridges or trusted third parties, thereby enhancing the security and autonomy of transactions on the platform.
In addition to the OP Mainnet, other OP Stack Chains like Base, Mode, and Zora are gearing up for upgrades, signaling a broader adoption of this innovative technology. The Security Council, also known as a multi-sig entity, retains the ability to revert the system to a permissible state in case of failure or to safeguard against network attacks. However, the ultimate goal is to achieve complete decentralization by minimizing the Security Council’s role and supporting multiple proof systems through the Proof-of-Fault System.
As the journey towards “Phase 2” decentralization continues, new proof systems such as Asterisc and Kona will undergo testing, aligning with Buterin’s strategy of gradually decentralizing Layer 2 solutions (L2s). Buterin himself commended this progress, stating, “Welcome to the tier 1-plus tier 2 club, Optimism. I look forward to many more L2s joining this club soon, especially some ZKs.”
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