An In-Depth Look at Optimism’s Bedlock Upgrade and Its Progress
On April 26th, OP Labs released an update on the progress of Optimism\’s main network Bedlock upgrade on Twitter, stating that in previous proposals, several standards must be met b
On April 26th, OP Labs released an update on the progress of Optimism’s main network Bedlock upgrade on Twitter, stating that in previous proposals, several standards must be met before upgrading: 1 Successfully implemented the improvements identified during the first SHERLOCK audit; 2. Subsequent audits to test the first wave of improvements; 3. Three smooth internal migration rehearsals; 4. Two weeks of consensus reached on the stability of the testing network+function freeze release. 5。 Announcement of the upgrade date of the OP main network, with 3 weeks’ notice in advance. At present, Bedlock upgrade arrangements have reached standards 1 and 2, and internal migration drills have been planned and executed. OP Labs reminds again that no specific date has been set for this upgrade.
OP Labs: Started planning and executing internal migration drills related to Bedlock upgrade
In April 2021, OP Labs provided updates on Optimism’s progress regarding the long-awaited Bedlock upgrade. This article examines the major developments in the Bedlock upgrade and sheds light on the new improvements that will be included in the release.
What Is the Bedlock Upgrade?
The Bedlock upgrade is a significant advancement of the Optimism platform. This upgrade aims to enhance the scalability and efficiency of the platform by increasing the speed of transaction confirmation and reducing gas fees. Additionally, it will offer support for Ethereum Virtual Machine (EVM) and smart contracts.
The Standard Requirements for Bedlock Upgrade
Before implementing the Bedlock upgrade, several standards needed to be met. These standards include:
1. Successful implementation of improvements identified during the first SHERLOCK audit.
2. Subsequent audits to test the first wave of improvements.
3. Three smooth internal migration rehearsals.
4. Two weeks of consensus reached on the stability of the testing network+function freeze release.
5. Announcement of the upgrade date of the OP main network, with 3 weeks’ notice in advance.
Currently, the Bedlock upgrade arrangements have achieved standards 1 and 2, and internal migration drills have been planned and executed. However, OP Labs has emphasized that no specific date has been set for this upgrade.
Bedrock Upgrade Impact on Ethereum
The Bedlock upgrade will have a significant impact on the scalability issues that Ethereum is currently facing. With its EVM support and faster transaction confirmation, it could significantly reduce gas fees. Additionally, it is expected to drive further adoption of decentralized applications and make the Ethereum network more user-friendly.
Latest Developments in the Bedlock Upgrade
According to the update given by OP Labs, the Bedlock upgrade is currently in ‘Part 2 Testing’ of its launch process. This process primarily involves testing the upgrade’s critical smart contracts and communication systems.
In the update, OP Labs also confirmed that the platform experienced a brief outage due to a network outage. The outage lasted less than an hour, and the team contained it immediately.
The Benefits of Bedrock Upgrade
Aside from its scalability improvements, the Bedlock upgrade offers a wide range of benefits. These benefits include:
1. Increased speed of transaction confirmation.
2. Reduced gas fees.
3. Support for Ethereum Virtual Machine (EVM).
4. Enhanced efficiency and scalability.
Conclusion
In conclusion, Optimism’s Bedlock upgrade presents a significant milestone in the development of the Ethereum network. With its potential reduction of gas fees and an increase in transaction speeds, it is expected to have a significant impact on the adoption of decentralized applications. Additionally, the upgrade will increase the network’s efficiency and scalability. Although OP Labs has not specified the upgrade’s release date, it is expected soon.
FAQs
1. When will the Bedlock upgrade be released?
There is no specific date for the Bedlock upgrade release, but it is expected soon.
2. What are the benefits of the Bedlock upgrade?
The benefits of the Bedlock upgrade include increased transaction confirmation speeds, reduced gas fees, Ethereum Virtual Machine support, and enhanced scalability.
3. How will the Bedlock upgrade impact Ethereum?
The Bedlock upgrade will significantly improve the network’s scalability and efficiency, reducing pressure on Ethereum’s current issue of high gas fees.
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