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The Optimism Network completed the “Bedrock” update on June 7th, reducing deposit times, lowering Tier 1 fees, and introducing additional security features, according to an announcement from network developer OP Labs. The update is part of a series of reforms that the developer says will help create a “superchain” of scalable Web3 networks powered by OP Stack’s Optimism software.
✅OP Mainnet’s 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
— Optimism (✨_✨) (@optimismFND) June 6, 2023
Speaking to Cointelegraph, OP Labs CEO Carl Flörsch stated that Bedrock is implementing several gas optimizations discovered by the team, reducing Ethereum network availability fees by 40%. These discounts are passed on to the user in the form of lower gas fees on Optimism.
In addition, the update allows the network to recognize chain reorganizations (reorganizations) in Ethereum, reflecting these reorganizations in the balance of user optimism. This allows you to reduce the deposit time to one minute. Previously, deposits from Ethereum to Optimism took an average of ten minutes due to the need to achieve finality at level 1.
Bedrock also implements a two-step withdrawal process to prevent the bridge from being used.
Related: Hundred Finance loses $7 million due to Optimism hack
In addition to these immediate changes, the new update paves the way for further development of the OP stack in the future, with the ultimate goal of creating a “Superchain” multi-grid, Flörsch stated. It has “modular validation systems” that allow developers to create and customize their own blockchain networks. And the software validator component, called “op-geth,” has less than 1,000 lines of code that differ from the Ethereum version, potentially making it easier for validators to switch to it.
On February 23, the Coinbase Base network announced that it would also become part of Superchain. On May 24, the company unveiled a roadmap detailing plans to launch the main network.