Coinbase’s Base Unveils Fault Proofs, Nears Vitalik Buterin’s Stage 1 Rollup Milestone

“Stage 1 or bust,” Ethereum co-founder Vitalik Buterin fumed in September 2024 as he expressed frustration over the pace of Layer 2 decentralization

Coinbase-incubated Ethereum Layer 2 Base has taken a major step toward clinching the developer’s lofty goal.

Just over a month after Vitalik’s rant, Base has now announced that fault proofs are live on the network, in line with plans unveiled a week ago, satisfying a major criterion needed to become a stage 1 rollup.

According to a Wednesday, October 30, blog post, fault proofs are cryptographic proofs generated by verifiers (blockchain participants checking network transaction validity) when network operators attempt to pass incorrect transaction data from the Layer 2 chain to the base chain.

As such, the fault-proof system helps keep the Layer 2 chain honest. With the implementation of this system, anyone can now permissionlessly withdraw assets from the network and participate in securing the network by challenging potentially fraudulent withdrawal attempts.

Moreover, following the implementation of fault proofs, the network is now just one step away from achieving Vitalik Buterin’s lofty decentralization milestone.

Coinbase-incubated Ethereum Layer 2 Base has taken a major step toward clinching the developer’s lofty goal. Just over a month after Vitalik’s rant, Base has now announced that fault proofs are live on the network.

Coinbase's Base Layer 2 Network Now Live With Fault Proofs

Coinbase-Incubated Base Layer 2 Network Now Live With Fault Proofs

Coinbase's Base Layer 2 Network Now Live With Fault ProofsCoinbase-Incubated Base Layer 2 Network Now Live With Fault Proofs

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