Optimism Postpones Voting on Main Network Bedlock Upgrade Proposal
On February 17, Optimism announced that the community\’s vote on the main network Bedlock upgrade proposal had been postponed, and the vote would be held from M…
On February 17, Optimism announced that the community’s vote on the main network Bedlock upgrade proposal had been postponed, and the vote would be held from March 2 to April 5. The postponement of voting is to solve the loopholes found by community members in the Bedlock loophole reward contest. If the Optimism community votes to approve the Bedlock upgrade proposal, the upgrade will take place two weeks after the end of the vote.
The Optimism community’s vote on the upgrade of the main network Bedlock was postponed to March 2
Interpretation of the news:
Optimism, a Layer 2 Ethereum scaling solution, recently announced that the community’s vote on the main network Bedlock upgrade proposal has been postponed. Originally scheduled for February 17, the vote will now take place from March 2 to April 5. According to Optimism, the postponement is necessary to address the loopholes discovered by community members in the Bedlock loophole reward contest.
The Bedlock upgrade proposal aims to enhance the performance and security of the Optimism main network by making changes to the Bedrock code. Specifically, it proposes to implement a new architecture that improves scalability and allows for faster transaction processing. Additionally, the proposal seeks to improve the security of the network by implementing new measures to prevent potential vulnerabilities and exploits.
However, the Bedlock loophole reward contest has revealed some weaknesses in the network’s design that need to be addressed before the upgrade can proceed. In this contest, participants were invited to identify and exploit any vulnerabilities in the network’s code and earn rewards for doing so. While the contest was designed to identify and fix any issues before the upgrade, it also exposed some significant holes that require attention.
In light of these findings, Optimism believes it is important to postpone the vote to give community members more time to review and address the issues raised by the contest. The company assures users that once the upgrade proposal is approved through the community vote, it will take place two weeks after the end of the vote. Therefore, the delay is critical to ensuring that the upgrade proceeds smoothly without any issues that may compromise the security or performance of the network.
In conclusion, the postponement of the community vote on the main network Bedlock upgrade proposal by Optimism highlights the company’s commitment to ensuring the security and performance of its network. By taking a cautious approach and addressing the vulnerabilities identified through the Bedlock loophole reward contest, Optimism aims to give users a more robust and reliable platform for their transactions.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/1163/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Commemorative NFT “Foresee · Future – Sci & Tech Interconnection”: A Joint Venture by CryptoNatty and Shanghai Data Exchange
On April 12th, according to official Twitter, Cheers UP publisher CryptoNatty announced that it will jointly issue a commemorative NFT \”Foresee · Future – Sci& Tech Interconnection
-
What is Hashpower and How to Earn Money (How is Hashpower Calculated)
What is Hashpower and How to Earn Money? According to Coindesk, Hashpower mining
-
Why is Gemini Exchange Recharge Offline (Gemini Trading Platform Scam)
Recently, in the \”Global Blockchain Computing Power Conference and New Infrastru
-
What is Hotbit Chinese Exchange (Hotbit Exchange Chinese)
What is an exchange in Chinese? According to CoinDesk, what is an exchange in Chinese? According to Coindesk, the website is translated as “Hot Wallet” in Chinese and “Bitcoin Exchange”. Users store Cryptocurrency on the blockchain through an application. In order for traders to use it to purchase and sell virtual assets (such as BTC), users can store their Bitcoin in a refrigerated warehouse or retrieve their private key, and then use these funds to purchase, sell, exchange, and send virtual goods and services to others Hotbit Exchange ChineseAccording to official news, the HOTBit Exchange opened its Chinese section today. Users can click on the original link on the homepage to enter the transaction interface and select “Currency”. They can search the Hotbit official website for transactions to complete recharge and withdrawal operations It is reported that hotbit is one of the network companies based on blockchain technology services. It has a professional encryption asset custodian and security team. Through…
-
Indian Law Enforcement Agency Pursues Cryptocurrency Money Laundering Cases
It is reported that the Indian Law Enforcement Agency is investigating several cases of cryptocurrency money laundering, and has so far confiscated US $115 million of cryptocurrency in such crimes. Last week, the Ministry of Finance of India said in a notice that the anti-money laundering legislation has been applied to cryptocurrency transactions, custody and related financial services, and companies operating in the encryption field will need to implement customer verification procedures. The Indian Law Enforcement Bureau has seized more than US $115 million of cryptocurrency in money laundering cases Analysis based on this information:The Indian Law Enforcement Agency has been actively investigating cases of cryptocurrency money laundering and has seized over $115 million worth of cryptocurrency involved in such crimes. This comes as a notice from the Ministry of Finance of India last week that states the application of anti-money laundering legislation to cryptocurrency transactions, custody, and related financial services. Additionally, companies operating in the encryption field are required…
-
Ethereum Layer 2 Network Starknet Posts Security Alerts Regarding False Private Messages
According to reports, the Ethereum Layer 2 network Starknet has posted security alerts on social media, stating that a large amount of false private message information has appeare
-
The Future of Central Bank Digital Currency Transactions
On March 14, according to Juniper Research, the total annual value of transactions using the Central Bank Digital Currency (CBDC) will increase from US $100 million to US $213 billion in 2030. In addition, with the development of cross-border CBDC payment system, the proportion of domestic CBDC payment in the total transaction volume will decrease from “nearly 100% in the current pilot stage” in 2023 to 92%. The global CBDC transaction volume will reach US $213 billion by 2030 Analysis based on this information:According to a report by Juniper Research, the use of Central Bank Digital Currency (CBDC) is projected to increase significantly by 2030. From a mere US $100 million in 2020, the total annual value of transactions using CBDC is expected to reach US $213 billion. This substantial growth can be attributed to the increasing adoption of CBDC by consumers and businesses worldwide. The report also highlights the development of cross-border CBDC payment systems as a significant driving…
-
A16z Crypto Releases Open-Source Tools for Building Encryption Ecosystems
On April 11th, the Chief Technology Officer of a16z Crypto tweeted that its engineering team has released open-source tools to provide services for developers, builders, and users
-
What does ICO trading mean (on which platform do ICO coins trade)
What does ICO trading mean? ICO is a means of raising funds by issuing a new token. It is a way of selling in the form of digital currency on the blockchain. This method is called “first time securities purchase” and is a new financing model based on distributed accounting technology The first thing to say is that this project is not a traditional equity investment, but rather uses private equity funds to raise funds; The second type is to sell or sell assets such as stocks, bonds, and any other forms of assets in the open market; The third purpose is to provide a platform for investors to invest and manage these assets; The fourth function is to enable companies or individuals to directly obtain profits from their company’s equity, allowing them to use their equity to contribute to the enterprise. At the same time, they can also invest some of their shares in other businesses, such as the…
-
Protecting Cryptominers’ rights: Montana bill passes third reading
On April 13th, it was reported that a bill aimed at protecting the rights of local cryptominers in Montana, USA, was successfully passed through the third reading of the state\’s Ho
-
Zipmex Seeks Extension for Debt Restructuring Plan
According to reports, the cryptocurrency exchange Zipmex has requested the Singapore court to extend the restructuring plan again, which will allow its debt in Singapore to be exte
-
Understanding CZ’s Recent Technical Glitch
According to reports, CZ stated on its social platform that one engine has returned to online and still needs more time to check and allow other engines to recover. We are a bit un
-
London Cryptocurrency Asset Management Company Old Street Digital Forms Team of Senior Investors
According to reports, London cryptocurrency asset management company Old Street Digital has formed a team of senior investors, with Old Street Digital (OSD) managing assets of less
-
NFT Project 0N1 Force Acquired by Old Fashioned Research, Founder Departed, and New CEO Appointed
On February 22, the NFT project 0N1 Force announced that it had been acquired by Old Fashioned Research. The specific amount was not disclosed. At present, the…
-
Dog Coin Foundation Releases Major Update to Libdogcoin Toolset
According to a report from developer Michi Lumin on March 23, the Dog Coin Foundation released a major update to its libdogcoin toolset. Specifically, this update includes support
-
Marathon Digital Terminates Credit Line with Silvergate as Part of its Balance Sheet Management
It is reported that Marathon Digital, a Bitcoin mining company, announced the termination of the credit arrangement with Silvergate, a cryptobank. Marathon sai…