Optimism Bedrock Improve Launch Date Revealed

Optimism, a well-liked layer-2 blockchain, is about to launch its long-awaited Bedrock improve on June sixth at 16:00 UTC.

The Bedrock launch – which is an entire rewrite of a complete rollup stack – is predicted to be the most important improve ever launched on OP Mainnet with a concentrate on lowering charges and enhancing Ethereum compatibility.

Bedrock Improve

In line with the official announcement, the improve would require 2-4 hours of downtime for OP Mainnet, throughout which there will likely be downtime on the chain and infrastructure degree whereas the outdated sequencer is spun down and the Bedrock sequencer begins up.

Transactions, deposits, and withdrawals may even stay unavailable for the length, and the chain won’t be progressing. Whereas the learn entry throughout most OP Mainnet nodes will keep on-line, customers could encounter a slight lower in efficiency through the migration course of.

Bedrock seeks to enhance on its predecessor by lowering transaction charges with the assistance of optimized batch compression and Ethereum as a knowledge availability layer. It additionally focuses on shortening delays of together with layer-1 transactions in rollups by dealing with their re-orgs extra “gracefully.” Along with enhancing node efficiency by eradicating technical debt, it’ll additionally allow modular proof methods through code reuse.

The workforce behind the mission acknowledged,

“We couldn’t be extra thrilled to convey Bedrock to OP Mainnet. The protocol workforce at OP Labs has been working very onerous for over a 12 months to convey this whole re-architecture of the OP Stack to manufacturing.”

The event has had no influence on the worth of its native OP token, which was down by almost 4% within the final 24 hours.

Optimism’s Waning Market Share

The transfer comes as competitors inside Ethereum’s layer-2 ecosystem heats up. Optimism has loved its fair proportion of success, taking up an early lead over the area with its optimistic rollup options that supply excessive compatibility with the Ethereum Digital Machine (EVM). Nonetheless, its market dominance has been threatened by EVM-compatible zero-knowledge rollups (ZkEVMs), which have gained important prominence recently.

Optimism witnessed no notable progress in its TVL all through this 12 months and was at present hovering round $1.71 billion. Apart from the rising competitors from zkEVMs, the thrill surrounding Arbitrum’s latest airdrop could possibly be one other issue for Optimism’s receding share.

At over $252 million in TVL, ZKSync Period has been quickly rising its presence throughout the layer-2 spectrum. The truth is, the general-purpose zk-roll-up platform created by Matter Labs surpassed Optimism when it comes to transactions in Might.

Furthermore, Polygon zkEVM has additionally witnessed a formidable progress to $9.15 billion in TVL since its beta mainnet launch in March this 12 months.