A year ago, crypto developer OP Labs introduced software that made it easier for companies to build their own distributed networks on the Ethereum Blockchain. This option has become very popular in a short time. So much so that it even attracted the attention of Coinbase, the major US crypto exchange. However, this software has received serious criticism.
Blockchain developer addresses lack of ‘error proofs’
cryptokoin.comAs you follow from , even Coinbase used this platform to establish Blockchain Base. But in recent months, technical experts have pointed out a significant shortcoming of the installation. This is from OP LabsIn networks based on software, “error proofs” are theoretically central to their operations. (fault proofs) An element known asnessti.
OP Labs officials have repeatedly this They said commissioning was their top priority. So much so that this project even had its own name: “Cannon”. Critics compared the lack of safety features to driving a fast car without airbags. On Tuesday, OP Labs launched bug proofs on a test-net known as the OP Goerli Testnet. Thus, he took the first step to address concerns.
OP Labs CEO clarifies the issue
Error proofs, sometimes known as fraud proofs, are at the heart of optimistic rollup technology, a system used to connect layer-2 blockchains or “rollups” to primary layer-1 blockchains such as Ethereum. Developers use the technology to “prove” whether certain data from the rollup is trustworthy. But projects based on this technology are still in different stages of adolescence. Another optimistic rollup, Arbitrum, is currently addressing evidence of fraud. For this, it relies on about a dozen authenticators it appoints. However, it is trying to expand this to become a “permissionless” system.
Optimism, a layer-2 blockchain on top of Ethereum that serves as the template for OP Stack’s software, has previously published bug evidence on its mainnet, says OP Labs CEO Karl Floersch. However, he states that he removed them due to security concerns. In this context, Floersch makes the following statement:
Essentially what we did was build a first pass, realized this wasn’t a sustainable path forward, went to the drawing board, redesigned the way this system worked, and then fast forward a year and a half. We are actually seeing the fruits of these design decisions.
Gnosis Blockchain founder explains risks
Some Blockchain experts argue that rollup technology, which has no proof of error, poses a security risk. This is because transactions are insecure or fraudulent. Placing error evidence in test-ne is the first step towards implementing it on the OP Stack. OP Labs says the software should eventually be able to accommodate “zero-knowledge” proofs, based on a promising cryptographic technology that could be used as an alternative to error proofs.
Martin Köppelmann, a long-time Ethereum developer and co-founder of Gnosis Blockchain, said in August that when Coinbase’s Base went live, until bug proofs were added, “the entire ~$3 billion in Optimism and Base bridges could be mined at any time, and users would not be able to do anything about it.” He said he couldn’t do it.
To be very clear – until they add fraud proofs – all the ~$3b that are in the Optimism and Base bridges can be taken out any time, and users can do nothing about it.
Not sure under what definition this is called non-custodial. https://t.co/YlPU5evd4x— Martin Köppelmann 🦉💳 (@koeppelmann) August 12, 2023
Floersch says he is aware of the criticism. However, he notes that blockchain projects must first address governance and decentralization in order to submit error proofs. To reach this stage, known as phase 2 decentralization, Floersch shared in February that OP Labs had mapped out the architecture of the network to decentralize certain elements of the protocol.
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