Base, a Layer 2 scaling solution by Coinbase has observed a surge in usage of the chain, amidst decline in fees.
Base, Coinbase ’s Layer 2 chain plans further decentralization through the launch of fault proofs and higher community participation. Fault proofs are expected to go live for Base Sepolia testnet by mid July. Base has noted a spike in usage between Q1 and Q2 with applications like Uniswap, 1inch, and Circle among others. Several applications on the Layer 2 chain contributed to the rise in activity.
Per the official documentation, the implementation will boost the following: Permissionless output proposals: Layer 2 chains without fault proofs allow only the centralized proposer to create and submit output on the state of the chain. With the implementation, any operator on the chain can propose such claims, with less reliance on a centralized party. Permissionless challenges to output proposals: If someone makes a fraudulent claim, any operator can challenge it.
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