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News Explorer — Optimism Network Upgrade Expected to Yield Cheaper, Faster Transactions

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Jun 6, 7:14 pm
Coindesk

Optimism Network Upgrade Expected to Yield Cheaper, Faster Transactions

Optimism, a layer-2 scaling solution to Ethereum, has successfully completed its Bedrock upgrade, bringing the blockchain closer to its goal of becoming a “Superchain” of many interoperable mini-blockchains. The upgrade reduces deposit-confirmation times from 10 minutes to 1 minute, and lowers gas fees by 40%. It also improves proof modularity for its OP Stack, and makes Optimism into a multi-client ecosystem, strengthening the blockchain by reducing possibilities of network downtime.

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