The announcement from the developers behind the Base and Optimism networks reveals a revenue-sharing and governance-sharing agreement. The two networks will utilize multisignature wallets to share profits and governance. A “security council” will be established as the ecosystem grows. Coinbase, the parent company of Base, has also committed to a set of principles to prevent centralization. Base’s smart contracts can only be upgraded with the consent of the Optimism team. Base will pay a percentage of its revenue or profits to the Optimism Collective and receive OP Tokens in return for protocol governance. The Base team aims to decentralize over time and improve scalability. Coinbase pledges to remain neutral and not control users’ crypto or misuse non-public information. Withdrawals from Base will be processed without censorship. Despite concerns about centralization, many Ethereum investors are optimistic about the potential of Base and the Optimism Superchain.
Summary:
– Base and Optimism networks have announced a revenue-sharing and governance-sharing agreement.
– Multisignature wallets will be used for profit and governance sharing.
– A “security council” will be formed as the ecosystem grows.
– Coinbase commits to principles of neutrality to prevent centralization.
– Base’s smart contracts can only be upgraded with consent from the Optimism team.
– Base will pay a percentage of revenue or profits to the Optimism Collective and receive OP Tokens for protocol governance.
– The Base team aims to decentralize over time and improve scalability.
– Coinbase pledges to remain neutral and not control users’ crypto or misuse non-public information.
– Withdrawals from Base will be processed without censorship.
– Despite concerns about centralization, many Ethereum investors are hopeful about Base and the Optimism Superchain.
