Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Here’s Why Your Chimney Still Matters in Summer

    August 7, 2026

    Senate Panel Has Obtained Copy of Fauci’s Government Cellphone

    August 7, 2026

    Did Donald Trump Lie About The Price Of Groceries Going Down? Here Are The Facts.

    August 7, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Here’s Why Your Chimney Still Matters in Summer
    • Senate Panel Has Obtained Copy of Fauci’s Government Cellphone
    • Did Donald Trump Lie About The Price Of Groceries Going Down? Here Are The Facts.
    • Announcing the First Batch of Speakers for Mozcon London 2026
    • Experts Recommend A Weighted Workout Bar For Balance & Strength
    • Animal Spirits: When Genius Failed, Again
    • Donavan McKinney Defeats Shri Thanedar In Michigan Primary
    • The Apple Watch Series 11 Is $150 Off Right Now
    Facebook X (Twitter)
    SBM Global News
    Demo
    • Home
    • Top Stories
      • Politics
    • Business
      • Small Business
      • Marketing
    • Finance
      • Investment
    • Technology

      Nikita Bier steps down as X’s head of product

      August 6, 2026
      Read More

      After killer quarter, Palantir CEO Alex Karp calls AI industry ‘Marxist’

      August 4, 2026
      Read More

      Rentio – Company Profile – AllBusiness.com

      August 4, 2026
      Read More

      The global memory shortage hits the MacBook Air

      August 3, 2026
      Read More

      OpenAI reportedly finds evidence that more of its agents ran amok

      August 1, 2026
      Read More
    • Lifestyle
      • Travel
    • Feel Good
    • Get In Touch
    SBM Global News
    Demo
    Home»Investment»How Optimism Filled in Its Missing Tooth
    Investment

    How Optimism Filled in Its Missing Tooth

    By Staff WriterJune 13, 20242 Mins Read
    Facebook Twitter LinkedIn Reddit Email
    #image_title
    Share
    Facebook Twitter LinkedIn Pinterest Email

    MISSING TOOTH FILLED IN: Optimism, the Ethereum layer-2 project, provides the technological foundation for some of the biggest names in blockchain, including the Coinbase exchange’s popular Base blockchain and Worldcoin’s World Chain, from OpenAI founder Sam Altman. But for years, blockchains that used Optimism’s technology were built according to a false underlying premise: that they “borrowed” Ethereum’s security apparatus. In reality, it wasn’t the case, because they lacked a crucial piece of functionality known as “fault proofs” – used to challenge actors suspected of malicious behavior. On Monday, that long-promised tech finally came to Optimism’s mainnet, CoinDesk’s Margaux Nijkerk reported Tuesday. “We literally deleted the entire system essentially, re-architected it, and rewrote the entire thing,” Karl Floersch, CEO of OP Labs, said in an interview with CoinDesk. “That was brutal, but absolutely the correct decision.” The achievement might blunt some of the project’s most truculent criticism; similar “proof” technology is used by all layer-2 rollup networks, including Optimism competitors like Arbitrum. Without fault proofs, users who deposited funds into Optimism needed to trust the rollup’s “security council” to return their funds – a system vulnerable to potential human error or bias. With fault proofs, users should only need to trust Ethereum’s security. For now, though, the Security Council will remain intact and could still intervene in the event that the fault-proof system goes down.

    View original article here

    Share. Facebook Twitter LinkedIn Email Reddit
    Previous ArticleFed Meeting Live Updates: Powell Speaks on Rates and Inflation Report
    Next Article U.S. Expands Sanctions on Russia as G7 Leaders Gather

    Related Posts

    Animal Spirits: When Genius Failed, Again

    August 6, 2026
    Read More

    标普 500 和纳斯达克以比特币计价突破 200 周均线,成为 2012 年以来首次 – BitRss

    August 5, 2026
    Read More

    AAVE Price Prediction: $95 Is the Line in the Sand — Break It or Bleed to $87

    August 5, 2026
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256

    AAVE Price Prediction: Target $215-225 by Mid-January 2025 as Technical Indicators Signal Bullish Momentum

    December 15, 2025240

    Ventive Hospitality Joins Green Fins: Strong ESG Lift

    February 17, 2026211
    Don't Miss
    Lifestyle

    Here’s Why Your Chimney Still Matters in Summer

    By Staff WriterAugust 7, 20265 Mins Read

    Most homeowners think about their chimney only when temperatures drop and fireplaces come back into…

    Read More

    Senate Panel Has Obtained Copy of Fauci’s Government Cellphone

    August 7, 2026

    Did Donald Trump Lie About The Price Of Groceries Going Down? Here Are The Facts.

    August 7, 2026

    Announcing the First Batch of Speakers for Mozcon London 2026

    August 7, 2026
    Stay In Touch
    • Facebook
    • Twitter
    Demo
    About Us

    Small Business Minder brings together business and related news from around the world in one place. Follow us for all the business news you'll need.

    Facebook X (Twitter)
    Our Picks

    Here’s Why Your Chimney Still Matters in Summer

    August 7, 2026

    Senate Panel Has Obtained Copy of Fauci’s Government Cellphone

    August 7, 2026
    Most Popular

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256
    © 2026 Small Business Minder
    • Home
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. To get the most from our site, please disable your Ad Blocker.