Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust
Optimism, an Ethereum-based layer 2 companion blockchain, will be using Ethereum Attestation Service (EAS), an on-chain attestation protocol to enable users to assess the trustworthiness of the platform’s users and vouch for whether something actually happened on the blockchain, EAS said in a press release sent to CoinDesk. According to the release, this could promote fairer OP token distribution and community voting systems on Optimism.
EAS allows any Optimism user to create digital sign-offs on all kinds of information involving the blockchain’s activities and users. Any Optimism user can use the technology to attest to information that they believe is accurate, such as whether a person built, or contributed to a particular project, whether an individual makes profitable trades or not, and more.
EAS’ launch aims to enable Optimism users to verify on-chain content that could sway how the platform’s native OP tokens are distributed allowing developers to create innovative identity products across Optimism, and other networks such as Base, Polygon, and Ethereum. Such technology could include products such as an aggregated rating system for decentralized finance (DeFi) users’ reputations that could assign an individual a reputation score based on other users’ attestations of their interactions with that individual.
The technology can also support the work of the Optimism Collective, an entity that rewards the ecosystem’s contributors with crypto, by providing the information it needs to distribute OP tokens to community members who have positively contributed to the blockchain. Using EAS, users can also post a publicly accessible, on-chain record of how the collective distributes tokens. This could allow on-chain analysts to more easily understand who is receiving OP tokens and for what purpose, promoting transparency across the entire ecosystem.
This move by Optimism to promote user trust will incentivize developers to build critical infrastructure on Optimism and pursue other projects that improve users’ experiences within the ecosystem.
Steve Dakh, EAS co-founder, and Chief Technology Officer stated that “We’re trying to be a base layer where identity platforms can exist, where supply chain companies can attest to supply movements, and provenance, where governments can attest to land registries and entities can vote.”
Optimism is leading the charge for further user trust and transparency across the blockchain ecosystem.
Edited by Shaurya Malwa.
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https://www.coindesk.com/tech/2023/05/04/layer-2-network-optimism-to-use-ethereum-attestation-service-to-promote-user-trust/