{"id":536847,"date":"2023-06-07T11:52:31","date_gmt":"2023-06-07T11:52:31","guid":{"rendered":"https:\/\/wncen.com\/?p=536847"},"modified":"2023-06-07T11:54:01","modified_gmt":"2023-06-07T11:54:01","slug":"now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/","title":{"rendered":"Now That Optimism ‘Bedrock’ Hard Fork Is Done, What Can We Expect?"},"content":{"rendered":"

Optimism ushers in a new era with the successful completion of its highly anticipated “Bedrock”<\/a> upgrade. This transformative enhancement, announced by OP Labs, the network’s developer, brings forth accelerated deposit times, decreased layer-1 fees, and fortified security measures.\u00a0<\/span><\/p>\n

The implementation of these advancements marks a pivotal step in the developer’s ambitious mission to establish a “Superchain” comprised of scalable Web3 networks, leveraging the cutting-edge Optimism OP Stack software.\u00a0<\/span><\/p>\n

Related Reading: Polygon (MATIC) Large Transactions Explode 742% Amid Latest SEC Attack<\/a><\/div>\n

Optimism Bedrock: Revolutionizing Efficiency & Security<\/strong><\/h2>\n

According to an announcement by <\/span>Optimism on Twitter<\/span><\/a>, the network now possesses the ability to identify chain reorganizations occurring on Ethereum, seamlessly reflecting these reorgs in users’ Optimism balances. <\/span><\/p>\n

This revolutionary development has paved the way for deposit times to be dramatically reduced to a mere one minute, in stark contrast to the previous average wait time of 10 minutes.\u00a0<\/span><\/p>\n

\n

\u2705OP Mainnet\u2019s migration to Bedrock has concluded and the Bedrock sequencer has started up.<\/p>\n

Key external OP Mainnet infrastructure is starting to come back online. You can track infrastructure status here:https:\/\/t.co\/XTtaArdI03<\/a><\/p>\n

\u2014 Optimism (\u2728\ud83d\udd34_\ud83d\udd34\u2728) (@optimismFND) June 6, 2023<\/a><\/p><\/blockquote>\n

The significant time savings are achieved by eliminating the need to achieve finality on L1 before processing deposits from Ethereum to Optimism.<\/span><\/p>\n

Streamlined Gas Optimization<\/strong><\/h2>\n

Recognizing the importance of affordability and accessibility, the Bedrock upgrade takes a stride towards a more user-friendly ecosystem. By leveraging the network’s innovative gas optimization techniques, the development team behind Bedrock has successfully slashed data availability <\/span>fees on Ethereum<\/span><\/a> by a remarkable 40%.\u00a0<\/span><\/p>\n

This momentous reduction is seamlessly passed on to Optimism users in the form of significantly lowered gas fees. As a result, participants can now transact on the network with increased efficiency and cost-effectiveness, making Optimism an even more attractive platform for decentralized activities.<\/span><\/p>\n

<\/p>\n

BTCUSD trying to reclaim $27K territory. Chart: TradingView.com<\/a><\/pre>\n
Fortifying Security With 2-Step Withdrawal Process<\/strong><\/h3>\n
Ensuring the utmost security of user assets has always been a paramount concern for the Optimism team. With the implementation of Bedrock, the network introduces a robust two-step withdrawal process, explicitly designed to mitigate the risk of potential bridge exploits.\u00a0<\/span><\/p>\n
By implementing this comprehensive security measure, Optimism takes a proactive stance in safeguarding user funds and fortifying its infrastructure against potential vulnerabilities. As a result, participants can engage with the network confidently, knowing that their assets are shielded by cutting-edge security features.<\/span><\/p>\n
Related Reading: Pepecoin Frenzy Fades: How Meme Token\u2019s Price, Market Cap Were Cut In Half<\/a><\/div>\n
A Promising Future<\/strong><\/h3>\n
With the arrival of the Bedrock upgrade, Optimism sets a new benchmark for efficiency, affordability, and security within the realm of decentralized networks. The remarkable reduction in deposit times, coupled with substantial gas fee optimizations, ensures that users can interact with the platform seamlessly while enjoying cost savings.\u00a0<\/span><\/p>\n
Furthermore, the implementation of a robust two-step withdrawal process offers an additional layer of protection, solidifying Optimism’s commitment to maintaining a secure and trusted environment.\u00a0<\/span><\/p>\n
As the network continues its journey towards <\/span>building a Superchain<\/span><\/a> of scalable Web3 networks, powered by the state-of-the-art OP Stack software, the future looks promising for Optimism and its growing community of users.<\/span><\/p>\n
Featured image from Optimism Docs<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Optimism ushers in a new era with the successful completion of its highly anticipated “Bedrock” upgrade. This transformative enhancement, announced by OP Labs, the network’s developer, brings forth accelerated deposit times, decreased layer-1 fees, and fortified security measures.\u00a0 The implementation of these advancements marks a pivotal step in the developer’s ambitious mission to establish a “Superchain” comprised of scalable Web3 networks, leveraging the cutting-edge Optimism OP Stack software.\u00a0 Related Reading: Polygon (MATIC) Large Transactions Explode 742% Amid Latest SEC Attack Optimism Bedrock: Revolutionizing Efficiency & Security According to an announcement by Optimism on Twitter, the network now possesses the ability to identify chain reorganizations occurring on Ethereum, seamlessly reflecting these reorgs in users’ Optimism balances. This revolutionary development has paved the way for deposit times to be dramatically reduced to a mere one minute, in stark contrast to the previous average wait time of 10 minutes.\u00a0 \u2705OP Mainnet\u2019s migration to Bedrock has concluded and the Bedrock sequencer has started up. Key external OP Mainnet infrastructure is starting to come back online. You can track infrastructure status here:https:\/\/t.co\/XTtaArdI03 \u2014 Optimism (\u2728\ud83d\udd34_\ud83d\udd34\u2728) (@optimismFND) June 6, 2023 The significant time savings are achieved by eliminating the need to achieve finality on L1 before processing deposits from Ethereum to Optimism. Streamlined Gas Optimization Recognizing the importance of affordability and accessibility, the Bedrock upgrade takes a stride towards a more user-friendly ecosystem. By leveraging the network’s innovative gas optimization techniques, the development team behind Bedrock has successfully slashed data availability fees on Ethereum by a remarkable 40%.\u00a0 This momentous reduction is seamlessly passed on to Optimism users in the form of significantly lowered gas fees. As a result, participants can now transact on the network with increased efficiency and cost-effectiveness, making Optimism an even more attractive platform for decentralized activities. BTCUSD trying to reclaim $27K territory. Chart: TradingView.com Fortifying Security With 2-Step Withdrawal Process Ensuring the utmost security of user assets has always been a paramount concern for the Optimism team. With the implementation of Bedrock, the network introduces a robust two-step withdrawal process, explicitly designed to mitigate the risk of potential bridge exploits.\u00a0 By implementing this comprehensive security measure, Optimism takes a proactive stance in safeguarding user funds and fortifying its infrastructure against potential vulnerabilities. As a result, participants can engage with the network confidently, knowing that their assets are shielded by cutting-edge security features. Related Reading: Pepecoin Frenzy Fades: How Meme Token\u2019s Price, Market Cap Were Cut In Half A Promising Future With the arrival of the Bedrock upgrade, Optimism sets a new benchmark for efficiency, affordability, and security within the realm of decentralized networks. The remarkable reduction in deposit times, coupled with substantial gas fee optimizations, ensures that users can interact with the platform seamlessly while enjoying cost savings.\u00a0 Furthermore, the implementation of a robust two-step withdrawal process offers an additional layer of protection, solidifying Optimism’s commitment to maintaining a secure and trusted environment.\u00a0 As the network continues its journey towards building a Superchain of scalable Web3 networks, powered by the state-of-the-art OP Stack software, the future looks promising for Optimism and its growing community of users. Featured image from Optimism Docs<\/p>\n","protected":false},"author":557,"featured_media":536851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[88388,1144,8686,11738],"class_list":["post-536847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bedrock-hardfork","tag-btcusd","tag-ethusd","tag-optimism"],"acf":[],"yoast_head":"\nOptimism 'Bedrock' Hard Fork Is Done - What To Expect<\/title>\n<meta name=\"description\" content=\"Optimism ushers in a new era with the successful completion of its highly anticipated "Bedrock" upgrade. 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This transformative enhancement, announced by OP\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-07T11:52:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-07T11:54:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-22.png\" \/>\n\t<meta property=\"og:image:width\" content=\"817\" \/>\n\t<meta property=\"og:image:height\" content=\"435\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Now That Optimism ‘Bedrock’ Hard Fork Is Done, What Can We Expect?\",\"datePublished\":\"2023-06-07T11:52:31+00:00\",\"dateModified\":\"2023-06-07T11:54:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/\"},\"wordCount\":527,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-22.png?fit=817%2C435\",\"keywords\":[\"Bedrock hardfork\",\"btcusd\",\"ethusd\",\"optimism\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/\",\"url\":\"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/\",\"name\":\"Optimism 'Bedrock' Hard Fork Is Done - What To Expect\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-22.png?fit=817%2C435\",\"datePublished\":\"2023-06-07T11:52:31+00:00\",\"dateModified\":\"2023-06-07T11:54:01+00:00\",\"description\":\"Optimism ushers in a new era with the successful completion of its highly anticipated \\\"Bedrock\\\" upgrade. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Now That Optimism ‘Bedrock’ Hard Fork Is Done, What Can We Expect?","url":"http:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-22.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-22.png?fit=817%2C435"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bedrock hardfork","btcusd","ethusd","optimism"],"dateCreated":"2023-06-07T11:52:31Z","datePublished":"2023-06-07T11:52:31Z","dateModified":"2023-06-07T11:54:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Now That Optimism ‘Bedrock’ Hard Fork Is Done, What Can We Expect?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/now-that-optimism-bedrock-hard-fork-is-done-what-can-we-expect\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-22.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-22.png?fit=817%2C435\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bedrock hardfork\",\"btcusd\",\"ethusd\",\"optimism\"],\"dateCreated\":\"2023-06-07T11:52:31Z\",\"datePublished\":\"2023-06-07T11:52:31Z\",\"dateModified\":\"2023-06-07T11:54:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-22.png?fit=817%2C435","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/536847"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=536847"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/536847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/536851"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=536847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=536847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=536847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}