Optimism and Coinbase’s Base to Follow Open Neutrality Framework for Decentralization
Next week, the Ethereum Layer 2 project, Optimism, will release an “open neutrality framework” as its decentralization guidelines, and Coinbase’s Base will follow it, said Jesse Pollak, the lead for Coinbase protocols.
Key Points:
- The neutrality framework sets out principles for networks that want to remain decentralized.
- Coinbase is committed to three principles of decentralization: consistent state transitions, maintaining network security uptime liveness, and approving upgrades through a governance process.
- Coinbase has been working with Optimism to ensure Base adheres to the framework.
- Base is built on Optimism’s software stack and functions as a rollup network.
- Base will support the Optimism vision by allocating a portion of fees to fund public goods.
Base will conduct its first round of grants in August and Coinbase is helping to run a virtual hackathon called Superhack.
Hot Take:
The release of the open neutrality framework by Optimism and Coinbase’s commitment to follow it demonstrate their dedication to maintaining decentralization in the crypto industry. By adhering to principles such as consistent state transitions and maintaining network security, they aim to ensure the integrity and efficiency of their networks. The allocation of fees to fund public goods further emphasizes their commitment to serving the wider community. As Base prepares for its public launch, the collaboration between Optimism and Coinbase sets a strong example for other projects in the space.
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