<\/p>\n
Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced transaction fees, provide greater network security and enhanced compatibility with Ethereum.<\/p>\n
The Optimism team stated via a May 15 Twitter thread that the network would be down for two to four hours on June 6 as the upgrade goes through. <\/p>\n
\u201cOn upgrade day, transactions, deposits, and withdrawals will be unavailable for the duration of the downtime, and the OP Mainnet chain will not be progressing,\u201d an accompanying blog post reads. <\/p>\n
\nThe official date of OP Mainnet\u2019s upgrade to Bedrock has been set: June 6, 2023 at 16:00 UTC!<\/p>\n
The upgrade will require 2-4 hours of downtime for OP Mainnet.<\/p>\n
Visit Mission Control for full details on what to expect:https:\/\/t.co\/o6UjKZaVKy<\/p>\n
\u2014 Optimism (\u2728_\u2728) (@optimismFND) May 15, 2023<\/a><\/p><\/blockquote>\n
Bedrock was announced back in May 2022, and it marks the first major network upgrade that was voted through by the Optimism governance council\u2019s Token House.<\/p>\n
Optimism is slated to benefit from lower transaction fees, which OP Labs \u2014 the network\u2019s protocol development unit \u2014\u00a0estimates<\/a> wildrop by 47%. <\/p>\n
\u201cBedrock improves on its predecessor by reducing transaction fees using optimized batch compression and Ethereum as a data availability layer; shortening delays of including L1 transactions in rollups by handling L1 re-orgs more gracefully,\u201d the Optimism community\u2019s Bedrock explainer reads. <\/p>\n
\nThe Bedrock upgrade will bring a 47% reduction in protocol costs and security fees to Optimism Mainnet <\/p>\n
Engineer extraordinaire @trianglesphere<\/a> explains how in the latest dev blog post https:\/\/t.co\/MvcG04shEB<\/p>\n
\u2014 OP Labs (@OPLabsPBC) March 2, 2023<\/a><\/p><\/blockquote>\n
Adding to that, the network will also see shorter deposit times, with Optimism going from roughly 10 minutes to confirm a deposit to just three minutes, the explainer states. <\/p>\n
While node software performance will be \u201csignificantly improved by enabling execution of several transactions in a single rollup \u2018block\u2019 as opposed to the prior \u2018one transaction per block\u2019 model in the previous version.\u201d <\/p>\n
Another key improvement concerns the network\u2019s compatibility with the Ethereum Virtual Machine (EVM), the core piece of software that executes Ethereum smart contracts. <\/p>\n
With Bedrock, the network will remove \u201cmultiple deviations\u201d from Ethereum and the EVM that are currently present with Optimism, such as differing code, design patterns and transaction per block models. \u201cBedrock also adds support for EIP-1559, chain re-orgs, and other Ethereum features present on L1,\u201d the explainer reads. <\/p>\n
\nThe Bedrock upgrade will bring a 47% reduction in protocol costs and security fees to Optimism Mainnet <\/p>\n
Engineer extraordinaire @trianglesphere<\/a> explains how in the latest dev blog post https:\/\/t.co\/MvcG04shEB<\/p>\n
\u2014 OP Labs (@OPLabsPBC) March 2, 2023<\/a><\/p><\/blockquote>\n
ZK Sync era overakes Optimism?<\/h3>\n
The upcoming move to Bedrock comes at a time in which EVM compatible zero-knowledge rollups (ZkEVMs) have been taking the spotlight from optimistic rollup solutions such as Optimism. <\/p>\n
Related:\u00a0<\/em><\/strong>Ethereum\u2019s Beacon Chain updated after finality issues<\/em><\/strong><\/p>\n
According to data from L2beat, Matter Labs\u2019 recently launched ZkEVM ZKSync Era has overtaken Optimism in terms of network activity. <\/p>\n
Over the past 30 days, ZKSync Era had seen 7.85 million transactions, compared to Optimism\u2019s 7.66 million. Over the past 24 hours, ZKSync Era had also outpaced Optimism in average transactions per second (TPS), at 6.80 TPS compared to 2.98 TPS.<\/p>\n
\nThe only interesting trend in this boring middle May on ethereum is the growth of @zksync<\/a> Era, which is now steadily doing more transactions than @optimismFND<\/a> and will soon threaten @arbitrum<\/a>.<\/p>\n
chart from: @l2beat<\/a> pic.twitter.com\/9dSNHtZMEC<\/a><\/p>\n
\u2014 funnyking.eth zkHODLER (@PaoloRebuffo) May 15, 2023<\/a><\/p><\/blockquote>\n
Magazine: <\/em><\/strong>ZK-rollups are \u2018the endgame\u2019 for scaling blockchains, Polygon Miden founder<\/em><\/strong><\/p>\n<\/div>\n