Optimism Launches Next-Generation Fault Proof Cannon and Bug Bounty Program

Optimism, an Ethernet Layer2 scaling solution, has launched Cannon, a fault proof implementation that runs the EVM equivalent of Layer2, and a bug bounty program of up to $250,000 on ImmuneFi. Cannon is said to be the first public fault proof implementation that can run an EVM equivalent Layer2 and achieve the smallest possible Layer1 gas cost for an Layer2 transaction.