Optimism successfully completed its Bedrock hard fork on June 6, 2023. The upgrade is designed to improve the scalability, security, and resiliency of Optimism's network. Some of the key benefits of the Bedrock hard fork include:
Reduced deposit times: Optimism deposit confirmation times have been reduced from 10 minutes to 1 minute. This will make it faster and easier for users to deposit funds into the Optimism network.
Reduced Tier 1 Fees: Tier 1 fees in Optimism have been reduced by 40%. This will make it cheaper for users to interact with the Optimism network.
Additional Security Features: The Bedrock hard fork has also implemented a number of additional security features, such as a new fraud-proofing system and a new sequencer consensus algorithm. These features will help protect Optimism's network from attacks.
The Bedrock hard fork is a major milestone for the Optimism network. It will help make the network more scalable, secure and flexible. This will make it more attractive to developers and users, and will help accelerate the adoption of Optimism as a Layer 2 scaling solution for Ethereum.
In addition to the benefits mentioned above, the Bedrock hard fork also includes a number of other improvements, such as:
Improved Modularity: The Bedrock update makes the Optimism network more modular, which will make it easier for developers to build custom applications on top of the network.
Enhanced Tools: The Bedrock update includes a number of new developer tools and resources, including a new SDK and a new developer portal.
Improved Documentation: The Bedrock update includes improved documentation for developers, making it easier to learn about the Optimism network and how to build applications on top of it.
Overall, the Bedrock hard fork is a significant upgrade to the Optimism network. It will make the network more scalable, secure, flexible and easy to develop. This will help accelerate the adoption of Optimism as a Layer 2 scaling solution for Ethereum.