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Home»Blockchain»Base announces the implementation of the Multi-Chain Prep Update
Blockchain

Base announces the implementation of the Multi-Chain Prep Update

2024-07-01No Comments2 Mins Read
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Base, a famous Ethereum L2 chain that provides a cost-effective, secure and developer-friendly environment for on-chain development, has announced a new move. According to the company, it has effectively implemented the Multi-Chain Prep update to almost achieve the creation of a Superchain with interoperability. The platform revealed this endeavor on its official social media account on X.

Today we deployed the Multi-Chain Prep upgrade that brings us one step closer to an interoperable Superchain

Chains that complete this upgrade will all run the same code under the hood, allowing for consistent upgrades and strengthening security https://t.co/cbLf4OI9jA

— Basis (@base) June 28, 2024

Base implements the exclusive Multi-Chain Prep Update

In its latest X-post, the company revealed the result of the initiative in question. In addition, it also indicated that the chains had completed the upgrade in question. According to the report, these chains will use the same code. This will reportedly enable continuous upgrades and strengthen security. In addition, the platform also shared the proposal for this upgrade.

Optimism Foundation, an Ethereum-based L2 blockchain solution, has released that upgrade proposal. This showed that the upgrade improves the upgradeability and security of the Superchain. For this purpose, L1 contracts can be upgraded across chains in just one transaction. The proposal makes it possible for various chains to focus on one smart contract implementation.

This streamlines the deployment procedure and simplifies the upgrade procedure. It reportedly plays a crucial role in the event of emergency upgrade transfers. Such transactions increase the risk of exploitation when a vulnerability arises in a smart contract. In addition, the upgrade extends the SystemConfig to include the contract addresses in the network.

See also  Solana's ultra-low fees challenge Base, BNB and Polygon in high-volume DeFi

The upgrade provides atomic upgrades across the chains

Therefore, the developers leverage a better experience by allowing consumers to delve into the system’s contract addresses. The proposal also addressed the rare situation of a critical safety issue. According to him, the platform will work with its community in such a case. In this context, there will be extensive communication about the cancellation of the upgrade. The upgrade reportedly offers atomic upgrades in the chains. It also minimizes likely operating risks.

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