Optimism Foundation disables permissionless fraud proofs

#OptimismFoundation has temporarily disabled its permissionless fraud proofs, a system designed to let all users contest transactions on its #layer2 network. This decision follows security audits that uncovered several bugs, including two high-severity issues. The network will revert to a permissioned state as a precaution.
The Foundation plans a hard fork, named #Granite , scheduled for September 10, to address these vulnerabilities.

#WorldCoin. #OptimismFoundation #Ethereum✅ #Optimisim
Worldcoin is slowly and softly banning/suspending accounts.They are soft banning a lot of accounts in a whim.I guess they start to limit the number of people who can claim the grants.At first they promised to give a share but now even the share part doesn't work for all people.

#OptimismFoundation https://earnmoneywithrind.blogspot.com/2024/04/wahat-is-spot-dca-trading-strategy-in.html

#OptimismFoundation has entered an agreement for private sale of over 19M $OP token.

Optimism is launching a new Retro Funding round to reward contributors to the OP Stack. 8 million OP tokens will be distributed across Ethereum Core Contributions, OP Stack R&D, and OP Stack Tooling.

The voting process will involve expert groups and KYC verification. Grants will be streamed over 100 days.

#Optimism #OptimismTrading $OP #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #OptimismFoundation

🛠️ Optimism recently addressed critical security issues on its experimental network after Offchain Labs pointed out flaws, allowing potential attackers to manipulate the network's history and launch sophisticated attacks.

🔍 Offchain Labs initially alerted Optimism about serious flaws in its fraud-proof mechanism, which could have compromised the network's integrity. Despite being competitors, Offchain Labs assisted by identifying and reporting these vulnerabilities.

🤝 This cooperation underscores the importance of collaboration in the blockchain sector for ensuring collective safety and technology advancement. It highlights the significance of testnets in identifying and fixing security gaps before full-scale launch.

🔒 After receiving the warning, Optimism took several weeks to refine its system, enhancing the code to safeguard against vulnerabilities, particularly in handling timing mechanisms.

💡 The incident emphasizes the complexity of crafting secure fraud-proof protocols and showcases the industry's commitment to developing dependable blockchain systems.

#Optimisim #OptimismFoundation

#Write2Erarn

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#OptimismFoundation