Base Network Decentralization Progress: Coinbase Base Network, a Tier 2 network, has taken an important step towards decentralization by implementing error protection on the Sepolia test network.
#Decentralization Stage: #ethereum chief scientist Vitalik Buterin describes the current system as Stage 0 decentralization. As error protection is implemented, the system will evolve to allow for unauthorized status checks.
Base's market position: in 2024, Base will be the second largest #blockchain by total blockchain value (TVL) ($7.27 billion) and the first by transaction throughput, making it the leading Tier 2 solution. Its growth reinforces Optimistic Roll's advantage over zk-EVM.
The coinbase network is a second-tier platform and is moving toward decentralization. The Sepolia test network recently implemented error protection on July 23, which was a significant achievement in the first stage of decentralization.
Now we have taken a step towards the next stage of decentralization. Error protection has been implemented on the Base Sepolia test network, he announced.
This implementation paves the way for the safe implementation of error protection on the core network and the achievement of the key milestones required for the first phase of decentralization. Currently, only a centralized base owner can send network state routes to the Ethereum mainnet for verification.
Vitalik Buterin, Ethereum's chief scientist, calls this system stage 0 decentralization. The system will evolve as error protection is implemented. As error protection is implemented into the core network, permissionless state checking will become possible, allowing anyone to propose or challenge the underlying states.
This move is due to the fact that more and more Tier 2 deployments are looking to decentralize.
In 2024, Base will solidify its position as the leader in Layer 2 solutions:
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