Coinbase’s Expansion Plans: Exploring Opiisic Roups and zk-proofs for Ethereum Layer 2 Networks
Coinbase’s Base network, which currently relies on opiisic roups for its connection to the Ethereum mainnet, could potentially expand to include zk-proofs as well. While both options are currently being considered for Ethereum Layer 2 networks, there are some key differences between them. Opiisic roups assume transactions are valid unless proven otherwise, while zk-proofs require regular proofs for every transaction to ensure validity. The latter is considered more secure but also more expensive.
Coinbase is not interested in taking sides and instead plans to take advantage of both approaches. The company aims to build a great network that is open source and configurable, and they want to start by building on opiisic roups. However, they also want to explore zk-proofs in the future.
A Collaborative Effort
The Opiis Foundation has recently put out a request for proposals for a zk-proof design for the OP Sack. Several options, including RISC Zero and O(1) abs, have been considered. Coinbase expects to see widespread implementation of zk-proofs in the OP Sack by 2024, and they anticipate adoption among Base, OP Ainne, and other networks using this codebase.
Jesse Poak, Coinbase’s lead for proocols, highlighted that one advantage of building in the decentralized space is that it allows for community contributions and network effects.
Hot Take
Coinbase’s decision to explore both opiisic roups and zk-proofs for its Base network demonstrates their commitment to finding the best solutions for Ethereum Layer 2 networks. By staying open to different approaches and embracing collaboration, Coinbase is positioning itself to be at the forefront of innovation in the crypto space.
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