Understanding the Bedlock Upgrade by Optimism: Potential Disruptions Ahead?
On April 24th, OP Labs stated in a recent tweet: The final audit of the upgrade of Optimism\’s main network Bedlock by the smart contract audit platform Sherlock has identified some
On April 24th, OP Labs stated in a recent tweet: The final audit of the upgrade of Optimism’s main network Bedlock by the smart contract audit platform Sherlock has identified some issues. This means that we will break consensus and freeze functionality, implementing these changes before restarting the two-week stability clock. The identified issues are of moderate severity and require minor adjustments. They do not pose a risk to bridging funds, but in rare cases, they may become potential disruptive media Introduction. We plan to finalize the scope and implement changes, announce new consensus and feature freeze, and demonstrate code stability for two weeks before announcing the Bedlock upgrade date for the OP main network. We will announce the upgrade date at least 3 weeks in advance
OP Labs: Bedlock upgrade audit found some issues, plan to determine scope and execute changes
On April 24th, OP Labs announced that smart contract audit platform, Sherlock, had conducted a final audit of the upgrade of Optimism’s main network Bedlock. While the audit identified some issues, they were of moderate severity and required only minor adjustments. Nonetheless, the need for change means that Optimism’s Bedlock network will experience a break in consensus and freeze functionality. In this article, we investigate what this means for the network and its users, what potential disruptions may arise, and how Optimism plans to mitigate them.
What is the Bedlock upgrade?
The Bedlock upgrade is an important update to the Optimism network. Optimism is an Ethereum scaling solution that increases the speed and efficiency of transactions while reducing fees. Bedlock is the mainnet of the Optimism network, and the upgrade will bring improvements that aim to enhance its decentralization, speed, and security.
What are the identified issues and the potential for disruptions?
Sherlock’s final audit of the Bedlock upgrade did identify some issues of moderate severity. These issues were not severe enough to pose a risk to bridging funds, but they could potentially cause disruptions. It’s important to note that disruptive events rarely occur in the crypto space, but it’s better to prepare as best as possible.
How is Optimism addressing the identified issues?
Optimism has informed its user base that they will break consensus and freeze functionality in response to the audit findings. This means that Optimism will take action to implement these changes before restarting the two-week stability clock. This period will enable the network to demonstrate code stability, after which Optimism can then announce the Bedlock upgrade date. The firm has committed to providing at least 3 weeks’ notice before the upgrade date, ensuring that users have sufficient time to prepare.
Conclusion
In conclusion, the Bedlock upgrade is an essential update for the Optimism network. The audit from Sherlock revealed some issues of moderate severity that need to be addressed, but they do not pose a risk to users’ funds. However, these issues could potentially cause a disruption, although this is very rare. Optimism has taken a proactive approach to the issues, and the network will undergo a period of stability to ensure confidence in the code before the upgrade date is announced.
FAQs
1. What is Optimism, and how does it work?
Optimism is an Ethereum scaling solution that enables faster and cheaper transactions while reducing fees.
2. What is the Bedlock upgrade and its significance?
Bedlock is the mainnet of the Optimism network, and the upgrade will bring improvements that aim to enhance its decentralization, speed, and security.
3. When will the Bedlock upgrade date be announced?
Optimism has committed to giving at least 3 weeks’ notice before the Bedlock upgrade date is announced, ensuring that users have sufficient time to prepare.
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