The term Fraud is often associated with wrongful conduct, in order to get a monetary advantage over anything. There are several frauds in different sectors including tax, credit card, and wires to name a few.
Fraud proof in blockchain, on the other hand, refers to a technical method, that allows on-chain scalability for blockchain. The purpose of using fraud proofs is to make sure whether the on-chain data are available and correct.
Using Optimistic Rollups (ORs), fraud proof caters to two different functions. Fraud proofs can significantly reduce costs while ensuring lower latency for Dapps to run on the blockchain network.
Subscribe to our newsletter for weekly updates 👇