Key Points:
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:
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.
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