Thursday, July 18, 2024

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

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The Optimism community concluded its “Bedrock” improve on June 7, reducing deposit occasions, reducing layer-1 fees and enacting further safety features, in keeping with an announcement from community developer OP Labs. The improve is a part of a collection of reforms the developer says will assist create a “Superchain” of scaleable Web3 networks based mostly on Optimism’s OP Stack software program.

In a dialog with Cointelegraph, OP Labs CEO Karl Floersch said that Bedrock implements a number of fuel optimizations the crew found, reducing the community’s knowledge availability fees on Ethereum by 40%. These reductions are handed on to the person within the type of decrease fuel fees on Optimism.

As well as, the improve permits the community to acknowledge chain reorganizations (reorgs) on Ethereum, reflecting these reorgs within the person’s Optimism steadiness. This permits deposit occasions to be diminished to 1 minute. Beforehand, deposits from Ethereum to Optimism took a median of 10 minutes because of the want to realize finality on L1.

Bedrock additionally implements a two-step withdrawal course of to assist forestall bridge exploits.

Associated: Hundred Finance loses $7 million in Optimism hack

Along with these fast modifications, the brand new improve paves the best way for additional improvement of the OP Stack sooner or later, with the last word objective of constructing a multi-network “Superchain,” Floersch said. It options “modular proof techniques” that permit builders to create and customise their very own blockchain networks. And the software program’s validator part, known as “op-geth,” has lower than 1,000 strains of code that differ from Ethereum’s model, doubtlessly making it simple for validators to modify to.

On Feb. 23, Coinbase’s Base community introduced that it will become part of the Superchain as nicely. On Might 24, it laid out a roadmap detailing its plans for mainnet launch.