Prom Explaining: Validity & Fraud Proofs.
07 Jul 2024, 17:06
Prom Explaining: Validity & Fraud Proofs
While exploring L2 solutions, you’ve most likely encountered these two terms both acting as verifiers of transactions’ legitimacy.
📍Key Differences
Validity Proofs, used in zk-Rollups:
Transactions are processed off-chain and bundled into batches. A cryptographic proof verifies their correctness, and only this proof and minimal data are posted on-chain. Once verified, transactions are final and secure.
Fraud Proofs, used in Optimistic Rollups:
Transactions are processed off-chain and bundled into batches, which are posted on-chain as correct. A challenge period allows to contest fraudulent transactions. If fraud is detected, corrective measures are applied.
📍Comparative Insight
While fraud proofs offer certain simplicity, they can also introduce inefficiencies. Validity proofs provide high level of security through cryptographic verification, and immediate finality.
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07 Jul 2024, 17:10
🔔Important Message for the Community
🔷 Dear community, we inform you that SMART payouts from the swapping balance have been extended for another 7 days, specifically until Monday, July 15th! 🔥
🔷 Sincerely,
The ULTIMA Team
Important Message for the Community.
🔔Important Message for the Community
🔷 Dear community, we inform you that SMART payouts from the swapping balance have been extended for another 7 days, specifically until Monday, July 15th! 🔥
🔷 Sincerely,
The ULTIMA Team
07 Jul 2024, 17:09
We are heading to Gateio 🚀
We are heading to Gateio.
We are heading to Gateio 🚀