Optimism successfully completes "Bedrock" hard fork, reducing deposit times and Tier 1 fees

The upgrade is part of a series of reforms intended to increase the modularity of the OP stack, allowing developers to create their own networks using the software.

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The Optimism Network concluded its "Bedrock" upgrade on June 7, reducing filing times, lowering Layer 1 fees and adopting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms that the developer says will help create a "superchain" of scalable Web3 networks based on Optimism's OP Stack software.

✅The migration from OP Mainnet to Bedrock is complete and the Bedrock Sequencer has started.

OP Mainnet's key external infrastructure is starting to come back online. You can follow the status of the infrastructure here: https://t.co/XTtaArdI03

— Optimism (✨_✨) (@optimismFND) June 6, 2023

In a conversation with Cointelegraph, OP Labs CEO Karl Floersch said that Bedrock is implementing several gas optimizations discovered by the team, reducing network data availability charges on Ethereum by 40% . These discounts are passed on to the user in the form of lower gas costs on Optimism.

Additionally, the upgrade allows the network to recognize chain reorganizations (reorganizations) on Ethereum, reflecting these reorganizations in the user's optimism balance. This reduces deposition times to one minute. Previously, deposits from Ethereum to Optimism took an average of 10 minutes due to the need to achieve finality on L1.

Bedrock also implements a two-step takedown process to help prevent bridge exploits.

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