- The network will become more open and secure as a result of this major change.
- The testnet’s withdrawal process will undergo major changes with the implementation.
A major step towards decentralization will be taken by Base in mid-July when fault proofs are introduced on the Sepolia testnet. The integrity of transactions is guaranteed by this important advancement, which seeks to improve the network’s security and dependability. It is critical to comprehend the ramifications of this development as Base keeps evolving.
Decentralizing Layer 2 (L2) networks requires fault proofs. They are scheduled to be released on the Sepolia testnet, in the middle of July. By removing the need for centralized authority, this move will make it possible for anybody to make and counter assertions about the status of the L2. The network will become more open and secure as a result of this major change.
Withdrawals Affected
The testnet’s withdrawal process will undergo major changes with the implementation of fault proofs. They used to be quick, but now they take at least a week to finish. Because of the new proving and finishing procedure, this extended timeline is essential. In addition, the system will begin suggesting output root claims using the “DisputeGameFactory” rather than the “L2OutputOracle.”
Users who are presently making withdrawals should take notice of the time. Instant processing will still be applied to withdrawals started prior to the mid-July upgrade. The new minimum wait period of seven days will apply to withdrawals initiated during or after the upgrade. Resubmission of the request is required in the event that a withdrawal occurs concurrently with the upgrade.
Due to the high number of projects listed on the platform in 2024, Coinbase’s Base has seen a significant increase in transaction fees and volumes. Base also experienced network congestion a few months ago due to the huge demand for its Layer 2 network.
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