Ink, the Ethereum Layer-2 protocol hosted by Kraken exchange, has moved to implement permissionless fault proofs about a month after its launch. According to Andrew Koller, the network’s creator, the move highlights the latest advancement for Ink. Groundbreaking Move in Decentralization Notably, Ink has undergone an interesting development trajectory as it launched well ahead of its scheduled date. Kraken unveiled Ink in the last quarter of 2024 instead of the first quarter of 2025. Following the unveiling, the company assured it would carry out Stage-one decentralization with permissionless fault proofs. The primary objective is to enhance accountability and empower anyone to make invalid transactions. This development makes Ink more accountable to its users. How Fault Proofs Function For clarity, fault proofs debuted in the Optimism Stack in June 2024. They remain critical to rollups, a scaling solution that accepts transactions as valid unless proven otherwise. Hence, users can submit proofs to contest the record of transaction ownership on the blockchain of a Layer-2 like Ink. Any successfully identified potential fraud or inaccurate transaction gets flagged, and users are rewarded with part of the disputed fund. Ink is making a mark in crypto as the first Superchain network to implement multiple challenges. This was after Optimism tested the feature on Mainnet last year. Upon launch, Gelato, the smart contract automation protocol, will run Ink challengers along with Kraken. Kraken and Ink: Strengthening the Crypto Ecosystem Experts consider Ink a new shift in Kraken, a crypto exchange established in 2011. In his remarks about activities at Ink, Koller maintained that Ink is looking to set a new standard in the crypto space. Besides working with Optimism, Ink looks forward to collaborating with the broader crypto community. Recently, Ink was the testing ground for Tether’s new multi-chain tokenized dollar , USDT0. Essentially, USDT0 looks to make the transfer of USDT across the crypto ecosystem seamless. One of the advantages of tokenized dollars is that it would improve the UX of using Ink and other Layer-2 protocols. The new token aims to spread the usability of Tether as well as its liquidity in the space. The developers consider it as a growth phase for Tether. The post Kraken’s L2 ‘Ink’ Taps Optimism to Boost Permissionless Fault Proofs appeared first on TheCoinrise.com .
