- A software development firm named OP Labs, which specializes in the Optimism ecosystem, has suggested an update for the Optimism rollup called Granite. This update addresses a number of flaws in the chain’s fault-proof architecture.
- OP Labs said that none of the high-severity vulnerabilities found during external audits had been exploited.
Network Upgrade Suggested by Optimism to Fix High Severity Vulnerabilities
One of the top three Ethereum L2 projects in terms of total value locked (TVL), Optimism, was revealed to have multiple flaws in its fault-proof architecture, which permits users to freely suggest changes to Optimism and use such suggestions as evidence for withdrawals.
Mofi, an engineer at OP Labs, suggested an enhancement to the Granite network in a post on the governance forums of Optimism Collective. The update resolves a number of vulnerabilities with varying degrees of severity that were found during external audits conducted by Code4rena, Cantina, and Spearbit.
With the launch of the Fault Proof system in June, Optimism was able to achieve Stage 1 decentralization. According to Ethereum co-founder Vitalik Buterin, this indicates that the rollup is just getting started.
According to OP Labs, this upgrade consists of an L2 hardfork to enhance the fault-proof system’s performance and stability in addition to a series of smart contract improvements to address the vulnerabilities found in the audit.
Although high- and medium-severity vulnerabilities were found in the audits mentioned, OP Labs emphasized that no user assets were ever in danger. With more than $5 billion in TVL, optimism holds a dominant 15% market share for rollup.
This procedure will result in the reset of Optimism’s withdrawal mechanism and the invalidation of any ongoing withdrawals.
Although some users view this as an emergency proposal, others disagree, arguing that the existing approach could break tools. While some forum users demanded more detailed documentation on the changes, others argued that the update should be vetted to prevent the chain from suffering irreversible damage that would necessitate more patches.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
