Blockchain

Optimism’s Goerli Testnet To Migrate To Bedrock In January

Key Points:

  • OP Labs announced that Optimism’s Goerli testnet would migrate to Bedrock on January 12.
  • The team is working with node operators to ensure a smooth migration, while users and apps won’t be impacted by the migration.
  • After the migration of Optimism Goerli, OP Labs will submit a proposal regarding Optimism mainnet migration.
On January 12, the Goerli testnet for Optimism will transition to Bedrock, according to OP Labs.

Users and apps won’t be harmed by the transfer, which OP Labs is coordinating with node operators like Alchemy, Ankr, Chainlink, Etherscan, Infura, Quicknode, and Tenderly to make seamless.

In order to reuse as much of Ethereum’s technology, infrastructure, and design patterns as feasible, OP Labs created Bedrock, a new generation of decentralized Rollup architecture. It will make it possible for Optimism to lower prices, incorporate a variety of proof techniques, such as ZK proofs, and serve several execution clients.

The use of the SDK or re-implementation of this functionality will be required for anyone who performs automated deposits and withdrawals outside of the gateway. More specifically, the gateways users utilize must enable two-step withdrawals and offer a gas buffer for deposits.

An upgrade request for the mainnet will be made to the Token House following a successful migration to the Testnet. If the idea is approved, the mainnet of Optimism could switch to Bedrock in Q1.

The most-forked L2 code base, which is the EVM counterpart, will be even better with the Bedrock upgrade. Optimism will be able to:

  • Offer the lowest possible L1 data fees. No other rollups have figured out how to get these fees lower.
  • Future-proof its proof schemes. Optimism will be able to incorporate multiple proof mechanisms including ZK proofs–no need to wait for a ZK breakthrough to deploy on Optimism. When ZK technology is ready, users will be able to use it for your project.
  • Support multiple execution clients, allowing for client diversity & client-specific benefits.
  • Implement two-step withdrawals for bridged assets. Users will be able to monitor for bad behavior themselves, making withdrawing bridged assets much more secure.

Optimism previously announced the migration of its testnet to bedrock, but the event took place later than expected.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Pantera Capital TON Investment Driven To Enhance P2P Payment Capabilities

Pantera Capital TON investment signals confidence in TON's scalability and ecosystem growth amid a bullish…

5 hours ago

Jack Dorsey’s Block Deducts 10% Of Monthly Profits To Buy Bitcoin

Jack Dorsey's Block initiates monthly Bitcoin investments to expand its holdings in 2024.

5 hours ago

EigenLayer Airdrop Is Now Updated After Facing Controversy From Users

The EigenLayer airdrop plan includes distributing 110 EIGEN tokens minimum, with transferability post-September 30, 2024.

6 hours ago

Gaming Excitement Moves to Solana: Why is Crashino the Premier Solana Casino?

Crashino stands distinguished, not only for its cutting-edge platform but also for its groundbreaking acceptance…

6 hours ago

Coinbase SEC Lawsuit Isn’t Over Yet, But The Exchange Remains Optimistic

Coinbase SEC lawsuit is still ongoing while the exchange remains confident, citing recent court developments.

6 hours ago

Coinbase Quarter Revenue Hits $1.64 Billion With Market Excitement

Coinbase quarter revenue in transactions skyrocketed, helping the exchange earn $1.18 billion in profit.

7 hours ago

This website uses cookies.