Optimism Bedrock Upgrade: 40% Lower Gas Fees, 90% Faster Deposit Confirmations

Optimism Bedrock Upgrade: 40% Lower Gas Fees, 90% Faster Deposit Confirmations

Optimism is set to implement on Tuesday its “Bedrock” upgrade, designed to improve the usability of the chain by lowering gas fees and cutting deposit-confirmation times by 90%.

Bedrock aims to lower gas fees by 40% by implementing “an optimized data compression strategy,” and will introduce support for reorgs, which is when a blockchain produces two blocks at the same time and it temporarily creates a duplicate blockchain. The code change in Bedrock will mitigate reorgs by reducing confirmations for deposits to 1 minute from 10 minutes.

The upgrade will also improve proof modularity for its OP Stack as well as introduce other code changes that will improve node performance. Improvements to proof modularity means that after the upgrade, validity proofs and fault proofs can both be used with the OP Stack.

In addition, Bedrock will help move Optimism to a multi-client ecosystem, meaning there would be at least two versions of software used to interact with the network. Client software is used to run the blockchain, and layer 1 blockchains like Ethereum rely on multiple clients to help maintain the security of the network. If there’s a bug in one client, then the chain can rely on other clients to keep the blockchain running.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Layer 2

Optimism

In This Article

Related News
Sony’s Soneium debuts its first music NFT collection with crypto record label Sony’s Soneium debuts its first music NFT collection with crypto record label
Corn raises $8.3 million in community funding to push Bitcoin’s use on its Ethereum Layer 2 Corn raises $8.3 million in community funding to push Bitcoin’s use on its Ethereum Layer 2
Sony’s Layer-2 Blockchain 'Soneium' Goes Live Sony’s Layer-2 Blockchain 'Soneium' Goes Live
Polkadot-based Phala Network launches Ethereum Layer 2 rollup Polkadot-based Phala Network launches Ethereum Layer 2 rollup
Omni Network launches 'Core' mainnet to unify Ethereum's fragmented rollup ecosystem Omni Network launches 'Core' mainnet to unify Ethereum's fragmented rollup ecosystem
Latest News More More
2 Days Ago ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network
2 Days Ago Solana's key SIMD-228 proposal fails to pass validator vote, token emissions unchanged
3 Days Ago GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN
3 Days Ago Bankrbot ends Grok's unintentional token creation spree by disabling interactions on X
4 Days Ago Taproot Wizards to hold first public auction of 'Wizards' Bitcoin Ordinals project
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open