Ethereum

Base

Optimism

<div class="watcher-guru"> 
 <p>In a significant move towards strengthening the <a rel="noopener noreferrer nofollow" title="Base" href="https://thebittimes.com/tag/base.html">Base</a> and <a rel="noopener noreferrer nofollow" title="Optimism" href="https://thebittimes.com/tag/optimism.html">Optimism</a> networks, the developers behind these platforms have jointly revealed a revenue-sharing and governance-sharing pact. The parent company of <a rel="noopener noreferrer nofollow" title="Base" href="https://thebittimes.com/tag/base.html">Base</a>, Coin<a rel="noopener noreferrer nofollow" title="Base" href="https://thebittimes.com/tag/base.html">Base</a>, has also underscored its commitment to preventing centralization by introducing a set of principles of neutrality.</p> 
 <p>The announcement was made through separate blog posts on August 24th, featuring contributions from the Optimism Collective, Base, and Coinbase. In addition, this collaborative endeavor marks a crucial step towards ensuring the future stability and inclusivity of these burgeoning networks.</p> 
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 <p><strong>Also read: Mastercard Reportedly Cuts Binance Crypto Card Ties</strong></p> 
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 <h2 class="wp-block-heading" id="h-base-and-optimism-disclose-numerous-features">Base and Optimism disclose numerous features</h2> 
 <p>As disclosed by the <a rel="noopener noreferrer nofollow" title="Optimism" href="https://thebittimes.com/tag/optimism.html">Optimism</a> Collective, a cornerstone feature of the <a rel="noopener noreferrer nofollow" title="Base" href="https://thebittimes.com/tag/base.html">Base</a> smart contracts is the requirement for upgrades via a 2/2 multi-signature wallet account. Notably, one signature belongs to <a rel="noopener noreferrer nofollow" title="Base" href="https://thebittimes.com/tag/base.html">Base</a>, while the other resides with the <a rel="noopener noreferrer nofollow" title="Optimism" href="https://thebittimes.com/tag/optimism.html">Optimism</a> Network’s team. This setup ensures that <a rel="noopener noreferrer nofollow" title="Base" href="https://thebittimes.com/tag/base.html">Base</a> cannot undergo upgrades without the explicit concurrence of the <a rel="noopener noreferrer nofollow" title="Optimism" href="https://thebittimes.com/tag/optimism.html">Optimism</a> team.</p> 
 <p>The forthcoming evolution of the “Superchain,” facilitated by the adoption of the OP Stack by multiple chains, brings an inherent transition in governance. Additionally, this transition will aid in the formation of a “security council,” comprised of representatives from the diverse array of chains within this ecosystem.&nbsp;</p> 
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 <p>As part of this agreement, Base commits to allocating either 2.5% of its revenue or 15% of its profits to the Optimism Collective. In return, Base will receive a considerable number of OP tokens, with the potential to possess around 118 million tokens.</p> 
 <p><strong>Also read:&nbsp;Shiba Inu (SHIB) Death Cross Formation Raises Concerns of Sell-Off</strong></p> 
 <p>It is noteworthy that this allocation will be regulated. This ensures that it does not surpass 9% of the total votable supply, a measure aimed at maintaining equilibrium.</p> 
 <p>Furthermore, the team remains dedicated to nurturing Pessimism, a pioneering real-time network monitoring tool. Pessimism will proactively detect cybersecurity threats, reflecting a proactive stance on network security.&nbsp;</p> 
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 <p>Coinbase’s Ethereum layer-2 network, BASE, has observed a notable increase in network activity. This recent uptick in activity may correlate with various factors that are causing the surge in activity.</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>Base</li> 
  <li>COINBASE</li> 
  <li>Optimism</li> 
 </ul> 
</div>

Base and Optimism Unveil New Initiative for Enhancing Networks

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TheBitTimes

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