Coinbase’s Chosen Blockchain Brand Sees Zero Threat from Zero Knowledge

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Coinbase’s Chosen Blockchain Brand Sees Zero Threat from Zero Knowledge
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Many Ethereum aficionados have predicted that the most promising layer-2 blockchains would be built not using the OP Stack’s “optimistic rollup” technology – favored by the U.S. crypto exchange Coinbase – but with a different setup known as “ZK rollups,” reliant on 'zero-knowledge' cryptography.

license , allowed the company to start building right away, without having to consult anyone or even alert OP Labs ahead of time.

“We basically think about OP Stack as the ball platform, which will start with fault proofs, but will be upgraded over time and have multiple fault proofs, and then ZK proofs that run alongside the fault proofs until we kind of have the best configuration of provers for the network to optimize for security and kind of faster finality,” he said., which are used to verify the state of transactions and key to the security of a blockchain.

Indeed, with OP stack, the blockchains will be compatible with multiple proofs, meaning that those looking to build will be able toOP Labs, the company behind Optimism, has gotten some heat in the past about not having fraud proofs securing its mainnet, including from the CEO of Offchain Labs, Optimism’s competitor and the company behind the Arbitrum blockchain, who tweeted: “Without fraud proofs, Ethereum provides zero security.

Karl Floersch, CEO of OP Labs, told CoinDesk in an interview that “we 100% support multiple proof systems. We're talking about a modular proof system. That modular proof system supports fraud proofs of various types and supports validity proofs of various types.” Floersch believes that given how easy it is to build with Optimism, those looking to build their chains will opt for the OP Stack over their competitors.

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