Base has reached the decentralized "first phase" of Ethereum Rollup, launching the fault-proof mechanism and establishing a security committee

ChainCatcher news, Base has reached the "first phase" of Ethereum Rollup decentralization, launching a fault-proof mechanism and establishing a security council. Base developers stated that the network has achieved the "first phase" of Vitalik Buterin's Rollup decentralization framework, making progress in reducing reliance on centralized participants.

The Base team stated: "Base has achieved the first phase of decentralization, which is a key milestone in building an open global on-chain economy. This has been accomplished by launching permissionless fault-proofing and enhancing the decentralization of the contract upgrade process through the security council."

Launched in August 2023, Base was developed using Optimism's OP Stack package and has now become the largest Layer 2 rollup by TVL on Ethereum. Previously, Base was classified as a phase 0 Rollup, mainly because it still relied on a centralized sequencer controlled by Coinbase, and its mainnet lacked fully operational permissionless fault-proofing.