Optimism is updated to reduce costs in the second layer of Ethereum

Key facts:
  • Transaction costs will be cut almost in half, as expected.

  • User funds will be available sooner due to reduced confirmation time.

The Ethereum Optimism second-layer scalability solution completed its most significant update to date on June 6. It is the hard bifurcation or hard fork Bedrock, which will reduce gas costs by 40%.

In a publication Shared by the Optimism developer team, details about this update are told. One of the most outstanding has to do with the reduction of the gas necessary to operate with the rollup, which will drop by almost half, according to their estimates.

In this way, Optimism will still be cheaper than it already was compared to the main Ethereum network. Rollups, precisely, are second-layer scalability solutions that group many transactions to bring them all together to the main network, thus saving on commissions.

Bedrock is a hard fork of the Optimism mainnet. This means that the network nodes must be updated compulsorily; otherwise they will not be able to continue running the Optimism clients and sync with the network.

Optimism is among the cheapest Ethereum rollups. Fountain: L2fees

Running the update caused Optimism to stop processing transactions for a few hours. During that time, both deposits and withdrawals and transactions in general were paused. Initially, this event was scheduled for March, but its realization was postponed for more than two months.

“The Bedrock release involves a complete rewrite of an entire stack of the rollup and will be the biggest update ever released to the Optimism mainnet.”

—Optimism development team.

More news in Optimism

Other particularities that Bedrock brings to Optimism are linked, for example, to the number of clients. By accepting two clients for the nodes to run and thus connect to the network, it becomes “the first” multi-client rollup on Ethereum., according to the statement from the developers. This contributes to the decentralization and resistance to censorship of the network and is an aspect that attention was drawn to in Ethereum in the past, as reported by CriptoNoticias.

On the other hand, the confirmation times of deposits are also reduced from 10 minutes to 5 confirmed blocks in the main network (approximately 1 minute). Thus, Optimism will allow users who use your rollup to have their funds much faster after their transactions are confirmed, which implies that they are already confirmed and immutable.

Ultimately, Bedrock is also looking to improve testing for OP Stack, the open source platform for developers at Optimism. These improvements will mean that both validity tests and failure tests can be used when building applications on the Optimism network.

reference: www.criptonoticias.com

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