Key Points:
According to Dune on-chain data, after completing the Bedrock upgrade, Optimism DEX Trade gas saves 55% compared to before the upgrade, NFT Mint saves 62%, NFT Trade saves 45%, perpetual contract saves save 55%, transfer ERC 20 saves 62%, transfer ETH save 66%, Save 33% on deploying medium-sized contracts, etc.
Upgrading Bedrock comes with specific goals: cutting gas fees by 40% and transaction times by 90%. Specifically, Bedrock will split the project’s OP Stack structure into three distinct sections – including the Consensus Layer, the Execution Layer, and the Settlement Layer – to deliver significant changes. Attention includes:
These are considered outstanding innovations that can help Optimism change the game and move closer to its plan to become a “Superchain.” The name Bedrock also means “the foundation of Superchain.” As Karl Floersch, Director OP Labs moderator, shared.
Bedrock is also expected to help Optimism gain a competitive edge in the layer-2 array for Ethereum, a segment that, in recent times, has witnessed the expansion of direct rival Arbitrum, as well as the emergence of a series of zkEVMs. such as Polygon zkEVM, zkSync, Linea, Starknet, Mantle, etc. In addition, increasing the strength of OP Stack also helps it to be used by other projects to develop their own layer-2 solutions, similar to what we have seen. Coinbase did with layer-2 Base that came out in February.
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
Foxy
Coincu News
Terraform Labs fraud fine is being opposed by the firm for the amount of $5.3…
If you’re looking for the best cryptos under $1 with 1000x potential, these 7 projects…
BlackRock Bitcoin ETF, IBIT, saw a $36.6 million outflow, leading a broader trend of U.S.…
Using the Bitcoin Inscription DID method, the MicroStrategy decentralized ID platform reduces transaction fees and…
LayerZero airdrop had a new development when the initial snapshot was completed, signaling upcoming token…
Senator Cynthia Lummis criticizes the Biden administration's stance on Bitcoin and decentralized finance, fearing rights…
This website uses cookies.