Ethereum

Optimism announces upgrade Ethereum that enables one-click rollup deployment

According to a post Blogged on September 25th, Optimism, supported by the Ethereum Foundation, is developing a Layer 2 rollup network that expects native Ethereum protocols to be launched on its network with a single click by the end of October.

“Any tool that can run on Ethereum can work with optimism. Anyone who wrote code for Geth can now deploy without changes – even for advanced features like tracing and throttle. “

The post claims that Optimism reworked the code to further expand Ethereum Virtual Machine (EVM) compatibility to achieve “EVM parity” by reducing the protocol to a light and efficient form.

To achieve their minimalist philosophy, Optimism’s custom compiler, along with more than “25,000 lines” of other code, was removed as part of the upgrade.

While the team says it has achieved full EVM parity with the Geth Ethereum client, it is now hoping to facilitate compatibility with alternative node implementations like OpenEthereum and Erigon with a “under 1,000” limit of code.

Optimism adds that there will be no changes to the current security model after the rollout.

This move comes as capital migrates from the Ethereum mainnet to EVM-compatible chains and layer scaling solutions that minimize the high fees associated with transactions on the Ethereum base layer.

According to Dune Analytics, the competing rollup Arbitrum currently has the largest Ethereum bridge after Total Value Locked (TVL) at $ 2.62 billion, even though it started about three weeks ago.

Next up is the Polygon ERC-20 Bridge at nearly $ 2.35 billion, the Avalanche Bridge at $ 1.86 billion, and the Fantom Anyswap Bridge at $ 476 million.

The source: Dune analysis

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Cointelegraph

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

2 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

5 hours ago

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

7 hours ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

8 hours ago

This website uses cookies.