Scheduled on 6th June 2023 at 9.30pm IST
This will be the largest upgrade ever released on OP mainnet, known as Bedrock
Understanding the key impact of this upgrade on OP network:
- Reduced transaction fee: Major benefit for users as it will make cheaper to use Optimism
- Increasing scalability: Bedrock upgrade is designed to scale better than previous network, will be able to handle more transactions and users
- Improved security: Using new security model to prevent any attacks, making the network more resistant to frauds
Analyst take
This is a major upgrade that aims to reduce protocol cost and security fees by 47%, making it more affordable, secure and scalable. This will make Optimism a more attractive platform for users, which will help to grow the network and its ecosystem
Note: This is not an investment advice and we highly recommend that you do your own research
Source: OP labs
