Ethereum

KuCoin Token

Bitcoin

Optimism

Avalanche

<p><em><strong>Before the upcoming implementation on the OP Mainnet, OP Labs, the core developer of Optimism, released ‘fault proofs’ on the OP Sepolia.</strong></em></p>
<p>Fault proofs function as a security mechanism for Ethereum Layer 2 networks, facilitating users to contest transactions that may be fraudulent or incorrect. They are essential in guaranteeing that off-chain transaction processing remains free from manipulations.</p>
<p>The OP Labs notes in the announcement that “Open-source, feature-complete fault proofs are live on OP Sepolia. With permissionless validation, anyone can participate in the system without an allowlist.”</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">Open-source, feature-complete fault proofs are live on OP Sepolia! With permissionless validation, anyone can participate in the system without an allowlist.<br><br>This milestone is another step towards multi-proof nirvana that will allow Optimism to reach Stage 2 decentralization.…</p>— OP Labs (@OPLabsPBC) <a href="https://twitter.com/OPLabsPBC/status/1770194655268974834?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 19, 2024</a>
</blockquote>
<p>Optimism’s mainnnet currently lacks fault proofs, a cause for concern regarding network security and decentralization. It will apply within the network; users must trust the block producers to sub its accurate Layer 1 state roots.</p>
<p>The blog states, “Additional proofs can act as safety nets that catch bugs in other proofs, which ultimately opens the door to Stage 2 decentralization — a complete reliance on the fault proof system with no backup security council.”</p>
<p>“If this upgrade is accepted for inclusion into the OP Stack by Optimism Governance, Optimism will be uniquely positioned in the race to multi-proof capabilities and Stage 2 decentralization”.</p>
<h2 class="wp-block-heading" id="strong-optimism-price-update-strong"><strong>Optimism Price Update</strong></h2>
<p><a href="https://www.thecoinrepublic.com/2024/03/08/optimism-op-looks-bullish-can-mighty-bulls-surpass-5-mark/" target="_blank" rel="noopener noreferrer nofollow">Optimism (OP) </a>price grew more than 7% in the past 24 hours; at the time of writing, it was trading at $3.46. Similarly, its market capitalization and trading volume surged by approximately 7.24% and 36.56%.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/97qpHktXfyJ0I7fFd1XNrZ21DZ6cSwfTPUIUwKC3geiHOBs86tGm4HW3-RpuorwErt4cJCxpsJy1a5xX5T-fSV5Lm9hyFh8W8BV6Js_6uRvG2mYl9Raup17NeSDeDrzCF0nP6SOhwT6nMrLzsYKu2Hc" alt="OP ">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap (Optimism OP price chart)&nbsp;
  </figcaption>
 </figure>
</div>
<p>As per CoinMarketCap, Optimism(OP) is the 30th most traded cryptocurrency and 36th most prominent in market capitalization. OP/USDT is the most traded pair of the Optimism crypto, with a trading volume of $194,201,407.&nbsp;</p>
<p>Over 70% of OP is held by Whales address; others have the remaining 29.3% or are still to be held.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-overall-market-price-overview-strong"><strong>Overall Market Price Overview&nbsp;</strong></h3>
<p>The market capitalization slipped more than 0.50% in the past 24 hours; as of writing, it was $2.39 Trillion. Bitcoin, the most preferred and talked about crypto, grew 2.54% intraday and is trading at $63,687.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/GXiMtb7v85wDrmDF9y_gqF7zjJS85GbW9xTNZYDlGROUWUxB1R5TQNWhbfh5qOpF5wYaxmL92JYSOY43w_9qKzPq9qw5qFUr6tAYy4vcce6me2r39at41ZyOb2mMaPMOczGfrDrAVrV1P3bQjZ_MkK8" alt="OP " style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap (Market Capitalization)
  </figcaption>
 </figure>
</div>
<p>Pepe (PEPE), the most sparkling memecoin, flourished 12.33% in the past 24 hours, which makes it the leader of the gainers list. KuCoin Token (KCS) 10.85%, Starknet (STRK) 10.00%, and Fetch.ai (FET) 8.29%.&nbsp;</p>
<p>The intraday losers list is ruled by Dogwifhat (WIF) as it lost 16.68% of its trading value, followed by Avalanche (AVAX), Aptos (APT) 5.82%, Solana (SOL) 4.48% and Near Protocol (NEAR) 3.21%.</p>
<p>Earlier this week, the market was flourishing at a constant pace, and analysts praised the growth. Market observers praised the spike and predicted that a bull run is expected before the 4th Bitcoin halving and Ethereum spot ETF.</p>
<p>The Bitcoin spot ETF has lured millions of new users towards crypto and an inflow of over $10 Billion is seen in the Bitcoin ecosystem.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.</p>

‘Fault Proofs’ Testing in Progress Over Testnet For OP Mainnet!

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Thecoinrepublic.com

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