Base is for everyone.
How?
By being one of the most decentralized blockchains building on the onchain economy and enabling anyone to do the same.
Following this vision, @base.base.eth just achieved Stage 1 Decentralization.
Before I define what Stage 1 Decentralization entails, what does Stage 0 Decentralization mean?
Transactions onchain are validated and screened by a single operator, the chain’s operator, making it centralized and basically on training wheels.
Stage 1 Decentralization, in simple terms, is a system in which, instead of entrusting the scoreboard of a game to a single person (Stage 0), it can be defined, fact-checked, and challenged by anyone. This system is called a Fault-proof system.
The Base team also believed that to achieve true Stage 1 Decentralization, the chain’s smart contract upgrades must go through a “Security Council,” which entails 10 independent entities.
To implement an upgrade, the agreement must reach a threshold of 75%, meaning no single entity has the authority... 2 replies
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