Base reaches Stage 1 of decentralization with fault proofs and security council.

Base, the Layer 2 rollup solution for Ethereum developed by Coinbase, has made a key advance towards its goal of decentralizing its operations, officially announcing that it has reached "Stage 1" of its decentralization plan.

This milestone comes with the introduction of fault proofs and a security council, two fundamental components to reinforce the scalability and security of the rollup.

The fault proofs will allow for the detection and resolution of discrepancies in transactions more efficiently, while the security council, composed of representatives from Coinbase and other decentralized entities, will oversee the system and respond to potential vulnerabilities.

The announcement marks an important step in Base's commitment to building a more decentralized and transparent ecosystem, aligning with Ethereum's roadmap regarding scalability and decentralization. Base already leverages Ethereum's security but offers faster and cheaper transactions, and with the implementation of this first phase, it is expected to further enhance the reliability and responsiveness of the network for decentralized applications (dApps).

The development team of Base has emphasized that this is just the first of several planned stages, with the goal of having the network fully decentralized by 2026. The incorporation of governance and security mechanisms demonstrates the project's commitment to a scalable, secure environment suitable for decentralized finance (DeFi) and other blockchain applications.

Although the progress is notable, the Base team continues to actively monitor its implementation, anticipating new improvements on the road to full decentralization as outlined in its roadmap.