Optimism Gears Up For Bedrock Mainnet Update

Optimism, the Ethereum Layer 2 scaling solution, is preparing to roll out its “Bedrock” upgrade today, June 6th.

The step is considered to be a significant leap towards becoming a utility-oriented “Superchain” featuring reduced gas fees and significantly faster transaction finality and block rendering. The Ethereum-based protocol’s vision of its technological progress towards becoming a Superchain, which is to say an interconnected network of interoperable and highly composable blockchains, is getting nearer through these planned enhancements.

Optimism Bedrock Update

The Bedrock update is expected to go live by 16:00 UTC today via Optimism’s mainnet.“Bedrock was named Bedrock for a reason. It is the foundation for the Superchain,” shares Karl Floersch.

Floersch currently serves as CEO and and is co-founder at OP Labs, the development organization behind Optimism and its suite of blockchain products.The move is considered an instrumental point towards the transformation of Optimism.

With the upgrade, all associated and integrated chains either constructed within or designed in alignment with the OP tech stack (developer tooling, APIs, and SDKs) will be linked over, enabling smooth communication over a unified ecosystem. Floersche emphasizes further that the “Superchain” status isn’t a mere moniker, it is, in essence, a long-term vision towards producing an industry standard with the OP Stack as a baseline. Among the key features outlined in anticipation of the upgrade is a 40% reduction in gas fees through an optimized data compression strategy. This means that Bedrock is set to introduce internal mechanisms that will curtail the reliance towards block reorganization, which costs a significant amount of resources on the side of a Layer 2 chain such as Optimism. Block-based reorganizations (reorgs) are instances in which a blockchain simultaneously produces two blocks, hence generating a duplicate blockchain. The code changes set out in Bedrock will effectively cut down confirmation intervals for deposits to approximately 60 seconds, down from the average interval of 600 seconds for the same typical transaction.

Key Enhancements To Expect On Optimism Bedrock Update

Another well-intentioned upgrade that comes with the Bedrock update is slew of enhancements to p

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Author: Vince Dioquino

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