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Home»Blockchain»Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust
Blockchain

Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust

2023-05-04Updated:2023-05-06No Comments3 Mins Read
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Blockchain


Optimism, an Ethereum-based layer-2 blockchain, will use Ethereum Attestation Service (EAS), an on-chain attestation protocol, that can allow customers to evaluate the trustworthiness of the platform’s customers and vouch for whether or not one thing really occurred on the blockchain, as per a launch despatched to CoinDesk.

This might promote fairer OP token distribution and group voting methods on Optimism.

Any Optimism consumer can use the know-how to attest to info that they consider is correct, similar to whether or not an individual constructed, or contributed to, a specific challenge, whether or not a person makes worthwhile trades or not, and extra.

EAS’s launch goals to allow Optimism customers’ to permit them to confirm on-chain content material that might sway how the platform’s native OP tokens are distributed and the way customers work together with each other extra broadly.

“We’re attempting to be a base layer the place identification platforms can exist, the place provide chain corporations can attest to produce actions, and provenance, the place governments can attest to land registries and entities can vote,” EAS Co-founder and Chief Know-how Officer Steve Dakh advised CoinDesk.

The crew mentioned the know-how will permit builders to create progressive identification merchandise throughout Optimism, and different networks similar to Base, Polygon, and Ethereum.

Such a service might embrace merchandise similar to an aggregated ranking system for DeFi customers’ reputations that might assign a person a repute rating primarily based on different customers’ attestations of their interactions with that particular person.

The know-how may also help the work of the Optimism Collective, an entity that rewards the ecosystem’s contributors with crypto, by offering the group with the data it must distribute OP tokens to group members who’ve positively contributed to the blockchain, Zain Bacchus, senior product supervisor of ecosystem at OP Labs, advised CoinDesk.

See also  access to crypto to empower your smartphone

This may incentivize builders to construct important infrastructure on Optimism and pursue different tasks that enhance customers’ experiences throughout the ecosystem.

“Individuals within the Optimism Collective have been sort of attempting to determine, ‘hey, how can we really determine one particular person — and never identical to any particular person, however like a optimistic contributor to the area — to offer these tokens to’ and that is after we began experimenting with attestations,” Bacchus mentioned.

Utilizing EAS, customers may also put up a publicly accessible, on-chain file of how the collective distributes tokens. This might permit on-chain analysts to extra simply perceive who’s receiving OP tokens and for what function, selling transparency throughout your complete ecosystem.

Learn Extra: A16z Says It is Engaged on an Optimism-Primarily based Rollup Shopper Known as Magi


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Attestation Ethereum Layer Network Optimism promote service Trust user
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