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Blockchain

Offchain Labs Announces BOLD Validation Making Arbitrum More Secure

August 4, 2023 - Around 2 mins mins to read

Key Points:

  • Offchain Labs has released BOLD, permissionless validation for Arbitrum chains.
  • BOLD is a huge technical achievement that makes the Arbitrum chain more secure than ever.
  • There are a few more steps to complete before the BOLD is ready for production.
According to the official blog, the Arbitrum Offchain Labs development team announced the launch of a permissionless verification protocol Bounded Liquidity Delay (BOLD) to resolve Rollup disputes.
Offchain Labs Announces BOLD Validation Making Arbitrum More Secure

BOLD enables the Arbitrum technology chain to ensure the security and vitality of the chain, minimizing delays in condition resolution and preventing dishonest parties from increasing the costs of honest parties. This verification method provides a fixed upper limit of 7 days for additional confirmation delays without being subject to delay attacks.

BOLD code and specs are now available on Github. There are a few more steps that need to be completed before the BOLD is ready to use:

  1. Share instructions for running Arbitrum Nitro development with the BOLD challenge in the coming weeks;
  2. Publish official proof-of-concept code for BOLD written in the Isabelle programming language and Complete the academic paper;
  3. A new test network environment will be made available to BOLD for community participation;
  4. If there is positive feedback from the community, plan to prepare the AIP so that the DAO can decide whether to adopt this new protocol in Arbitrum One and Nova.

As stated by Offchain Labs, Arbitrum Technology has always been built with security as a top concern. And that’s why they invest a lot of resources to build and improve the fraud proof system.

The protocol can help securely validate the Arbitrum chain without permission, taking them up the ladder of decentralization. This approach allows a single, honest validator to win Ethereum disputes against any opponent.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Blockchain

Offchain Labs Announces BOLD Validation Making Arbitrum More Secure

Key Points:

  • Offchain Labs has released BOLD, permissionless validation for Arbitrum chains.
  • BOLD is a huge technical achievement that makes the Arbitrum chain more secure than ever.
  • There are a few more steps to complete before the BOLD is ready for production.
According to the official blog, the Arbitrum Offchain Labs development team announced the launch of a permissionless verification protocol Bounded Liquidity Delay (BOLD) to resolve Rollup disputes.
Offchain Labs Announces BOLD Validation Making Arbitrum More Secure

BOLD enables the Arbitrum technology chain to ensure the security and vitality of the chain, minimizing delays in condition resolution and preventing dishonest parties from increasing the costs of honest parties. This verification method provides a fixed upper limit of 7 days for additional confirmation delays without being subject to delay attacks.

BOLD code and specs are now available on Github. There are a few more steps that need to be completed before the BOLD is ready to use:

  1. Share instructions for running Arbitrum Nitro development with the BOLD challenge in the coming weeks;
  2. Publish official proof-of-concept code for BOLD written in the Isabelle programming language and Complete the academic paper;
  3. A new test network environment will be made available to BOLD for community participation;
  4. If there is positive feedback from the community, plan to prepare the AIP so that the DAO can decide whether to adopt this new protocol in Arbitrum One and Nova.

As stated by Offchain Labs, Arbitrum Technology has always been built with security as a top concern. And that’s why they invest a lot of resources to build and improve the fraud proof system.

The protocol can help securely validate the Arbitrum chain without permission, taking them up the ladder of decentralization. This approach allows a single, honest validator to win Ethereum disputes against any opponent.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.