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Decentralization Roadmap for Optimism Technology

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Decentralization Roadmap for Optimism Technology

On March 15th, according to official news, OP Labs released the Optimism technology decentralization roadmap, which includes two parts: Baseline Decentralization and Cannon fault proofs. Among them, Baseline Decentralization will achieve the decentralized upgrade of the Optimism network and governance system by achieving unlicensed output proposals and bridge decentralization milestones.

OP Labs Releases Optimism Technology Decentralization Roadmap

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In the world of blockchain, decentralization is a crucial aspect that ensures the security and transparency of transactions. Optimism technology is a layer-2 solution for Ethereum that aims to provide faster and cheaper transactions without compromising on security. Recently, the Optimism team released their decentralization roadmap, which outlines their plans to achieve a truly decentralized network.

The roadmap consists of two parts: Baseline Decentralization and Cannon Fault Proofs. The first part, Baseline Decentralization, focuses on achieving unlicensed output proposals and bridge decentralization milestones. This means that the Optimism network will have a decentralized governance system, where proposals can be made and approved by the community without the need for centralized approval. This will ensure that the network is transparent and accountable to its users.

The other component of Baseline Decentralization is bridge decentralization. Currently, the Optimism network relies on a bridge to interact with the Ethereum network. This bridge is controlled by a centralized authority, which means it is vulnerable to attacks and manipulation. The Optimism team aims to decentralize this bridge, allowing anyone to interact with the network without the need for centralized approval. This will improve the security and overall resilience of the Optimism network.

The second part of the decentralization roadmap is Cannon Fault Proofs. This component focuses on optimizing fault tolerance and improving the overall security of the Optimism network. The plan is to use a technique called “Cannon,” which allows for more efficient verification of transactions on the network. This will improve the speed and scalability of the Optimism network, while also ensuring that transactions are secure and trustworthy.

In conclusion, the decentralization roadmap for Optimism technology is a significant step towards achieving a truly decentralized and secure network. The roadmap outlines the Optimism team’s plans to achieve unlicensed output proposals, bridge decentralization, and improved fault tolerance. These plans will improve the security, transparency, and overall resilience of the Optimism network, making it a reliable and trustworthy solution for anyone looking for fast and cheap transactions.

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