Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees

1 year ago

The upgrade is portion of a bid of reforms meant to summation modularity successful the OP Stack, allowing developers to rotation up their ain networks utilizing the software.

Optimism successfully completes ‘Bedrock’ hard   fork, reducing deposit times, layer-1 fees

The Optimism web has concluded its “Bedrock” upgrade connected June 7, reducing deposit times, lowering layer-1 fees, and enacting further information features, according to an announcement from web developer OP Labs. The upgrade is portion of a bid of reforms the developer says volition assistance make a “Superchain” of scaleable Web3 networks based connected Optimism’s OP Stack software.

✅OP Mainnet’s migration to Bedrock has concluded and the Bedrock sequencer has started up.

Key outer OP Mainnet infrastructure is starting to travel backmost online. You tin way infrastructure presumption here:https://t.co/XTtaArdI03

— Optimism (✨_✨) (@optimismFND) June 6, 2023

In a speech with Cointelegraph, OP Labs CEO Karl Floersch stated that Bedrock implements aggregate state optimizations the squad discovered, reducing the network’s information availability fees connected Ethereum by 40%. These reductions are passed connected to the idiosyncratic successful the signifier of little state fees connected Optimism.

In addition, the upgrade allows the web to admit concatenation reorganizations (reorgs) connected Ethereum, reflecting these reorgs successful the user’s Optimism balance. This allows deposit times to beryllium reduced to 1 minute. Previously, deposits from Ethereum to Optimism took an mean of 10 minutes owed to the request to summation finality connected furniture 1.

Bedrock besides implements a two-step withdrawal process to assistance forestall span exploits.

Related: Hundred Finance loses $7 cardinal successful Optimism hack

In summation to these contiguous changes, the caller upgrade paves the mode for further improvement of the OP Stack successful the future, with the eventual extremity of gathering a multi-network “Superchain,” Floersch stated. It features “modular impervious systems” that let developers to make and customize their ain blockchain networks. And the software’s validator component, called “op-geth,” has little than 1,000 lines of codification that disagree from Ethereum’s version, perchance making it casual for validators to power to.

On Feb. 23, Coinbase’s Base web announced that it volition go portion of the Superchain arsenic well. On May 24, it laid retired a roadmap detailing its plans for mainnet launch.

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