Optimism Network Completes 'Bedrock' Upgrade
The Optimism network has successfully implemented its "Bedrock" upgrade, resulting in significant enhancements such as shortened deposit times, reduced layer-1 fees, and advanced security measures.
The upgrade, which was executed on June 7, was announced by network developer OP Labs and forms a part of a broader strategic effort to establish a "Superchain" of scalable Web3 networks powered by Optimism’s OP Stack software.
OP Labs CEO Karl Floersch elaborated on the update to Cointelegraph, explaining that Bedrock incorporates numerous gas optimizations that were discovered by the team, leading to a reduction of the network's data availability fees on Ethereum by a significant 40%. This cost-saving benefit is directly transferred to the user in the form of lower gas fees on Optimism.
The upgrade also introduces a capacity for the network to identify chain reorganizations (reorgs) on Ethereum, with these reorgs subsequently mirrored in the user's Optimism balance. As a result, deposit times have been slashed to a single minute from the previous average of 10 minutes – a reduction necessitated by the need to secure finality on L1.
Another noteworthy feature of the Bedrock upgrade is the implementation of a two-step withdrawal mechanism designed to effectively thwart bridge exploits.
Besides the immediate improvements, this latest upgrade also sets the stage for future advancements of the OP Stack, with the grand vision of constructing a multi-network "Superchain," according to Floersch. The upgrade incorporates "modular proof systems" that equip developers with the ability to create and customize unique blockchain networks. Moreover, the software's validator element, termed "op-geth," exhibits less than 1,000 lines of code divergent from Ethereum’s version, potentially simplifying the transition process for validators.
In other related news, Coinbase's Base network had previously announced its decision to join the Superchain on February 23. In a later update on May 24, the network revealed a roadmap outlining its plans for a mainnet launch.
OP Labs CEO Karl Floersch elaborated on the update to Cointelegraph, explaining that Bedrock incorporates numerous gas optimizations that were discovered by the team, leading to a reduction of the network's data availability fees on Ethereum by a significant 40%. This cost-saving benefit is directly transferred to the user in the form of lower gas fees on Optimism.
The upgrade also introduces a capacity for the network to identify chain reorganizations (reorgs) on Ethereum, with these reorgs subsequently mirrored in the user's Optimism balance. As a result, deposit times have been slashed to a single minute from the previous average of 10 minutes – a reduction necessitated by the need to secure finality on L1.
Another noteworthy feature of the Bedrock upgrade is the implementation of a two-step withdrawal mechanism designed to effectively thwart bridge exploits.
Besides the immediate improvements, this latest upgrade also sets the stage for future advancements of the OP Stack, with the grand vision of constructing a multi-network "Superchain," according to Floersch. The upgrade incorporates "modular proof systems" that equip developers with the ability to create and customize unique blockchain networks. Moreover, the software's validator element, termed "op-geth," exhibits less than 1,000 lines of code divergent from Ethereum’s version, potentially simplifying the transition process for validators.
In other related news, Coinbase's Base network had previously announced its decision to join the Superchain on February 23. In a later update on May 24, the network revealed a roadmap outlining its plans for a mainnet launch.
