Optimism lifts Bedrock – these are the consequences

Ethereum Optimism (OP) scaling solution underwent its most comprehensive upgrade yet with ‘Bedrock’ yesterday, June 7th implemented successfully. With the upgrade, the project wants to get closer to its goal of becoming a “superchain” of many interoperable mini-blockchains – and that’s what the upgrade is all about.

See the Super Optimism series

Optimist has set himself the ambitious goal of taking the performance and networking in the Ethereum ecosystem to a new level with the concept of a superchain. As a proven Layer 2 scaling solution, Optimism has already made a name for itself by accelerating Ethereum transactions and lowering gas fees.

Optimism transforms the vision of a superchain into a chain of many interoperable mini-blockchains, or so-called “shards.” Instead of a single, capacity-limited blockchain, a superchain will consist of multiple smaller blockchains that can communicate with each other (similar to the Comsos (ATOM) ecosystem). This approach will greatly improve network scaling and enable higher transactions per second without compromising network security or decentralization.

Therefore, the superchain will have the potential to significantly improve the performance of Ethereum by increasing transaction speed and reducing gas fees, ultimately improving user experience. Moreover, the superchain will provide developers with a platform on which to create a custom blockchain within the framework of the Ethereum ecosystem. The application’s blockchain can then interact with others within the superchain, creating an ecosystem of interoperable smart contract applications.

With this insight, Optimism tackles the current challenges of Ethereum, particularly in terms of scaling fees and gas. The successfully completed Bedrock upgrade marks a major milestone that should pave the way for the Ethereum layer 2 scaling solution to the superchain.

How does Bedrock improve optimism?

Bring the Bedrock upgrade Many technical improvements with himself. First, the upgrade significantly reduces transfer times from the Ethereum mainnet to the Optimism mainnet – from ten minutes to just one minute. This improved speed contributes to an overall better user experience. It also ensures that transactions in the optimism network can generally be confirmed faster.

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Second, the upgrade reduced gas fees by 40 percent, which Optimism is now doing to the most cost effective ETH layer 2 scaling solution based on Optimistic Rollup technology. Reducing these fees makes optimism more attractive to users and developers.

Third, it also brings the Bedrock upgrade Improvements to OP Stackan open source platform for decentralized applications that enables developers to build custom blockchains with optimism.

Introducing a multi-customer ecosystem

In addition, the Bedrock upgrade transforms the Layer 2 scaling solution into a multi-client ecosystem. This means that the OP’s network auditors can use multiple client programs to operate the network. If there is a bug in one client program, the network can fall back to other users running the other client program to keep the network running. high Carl FlorschCEO and co-founder of OP Labs, this upgrade makes Optimism the first Layer 2 to run on a multi-client ecosystem.

Conclusion

Bedrock’s Optimism upgrade marks a significant milestone in the Ethereum ecosystem. It increases efficiency by reducing deposit confirmation times, gas fees and improving security. It also improves network adaptability and strengthens resilience by moving to a multi-client ecosystem. The upgrade can put Optimism in a stronger position for future innovation in the long term, thus strengthening its role as a leading solution for Layer 2 expansion. However, one must always keep in mind that the competition in the Tier 2 segment is very strong. So it remains to be seen how Bedrock will influence the development of optimism.