Developers of the second-layer network Optimism have set June 6 as the official upgrade date for the Bedrock protocol. The event is scheduled for 19:00 (Kyiv/Moscow).
?The official date of OP Mainnet’s upgrade to Bedrock has been set: June 6, 2023 at 16:00 UTC!
The upgrade will require 2-4 hours of downtime for OP Mainnet.
Visit Mission Control for full details on what to expect:https://t.co/o6UjKZaVKy
— Optimism (✨?_?✨) (@optimismFND) May 15, 2023
The activation was supported by holders of the OP utility token.
During the upgrade, the network will be unavailable for two to four hours. Deposits and withdrawals will be unavailable.
“Bedrock will increase the security and resilience of the Optimism bridge to the Ethereum mainnet. The upgrade is designed with the smallest possible divergence from the Ethereum blockchain, the second-largest cryptocurrency by market capitalization. Equivalence to Ethereum + minimized complexity = less room for error, making it easier for ecosystem developers to contribute,” — the developers explained.
Bedrock is expected to reduce fees by 47%.
Node operators will need to upgrade to new software.
“Bedrock will make it easy to contribute to a diverse range of clients (Magi by Andreessen Horowitz + op-erigon by testinprod.io are the first proof of this)”, — the developers noted.
The update will provide the foundation for Super Chains, enabling the creation of more networks such as Base by Coinbase.
According to DeFi Llama, TVL of Optimism stands at $865.3 million, lagging behind rival Arbitrum ($2.39 billion).
The team announced Bedrock in February 2023.
ForkLog described the rise of L2 solutions in 2022.