Tag: Optimism
Optimism Identifies Flaws in the Fault Proof System and Suggests Fixing Them
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…
Permission less fraud proofs are disabled by Optimism Foundation, and a hard fork is planned after security audits
A hardfork on Optimism’s Layer-2 network is part of the Granite upgrade that OP Labs, a contributor to Optimism, has suggested to alleviate the problems that will arise on September…
Optimism is developing a native interoperability framework for Layer 2 chains
A roadmap strategy for implementing native interoperability across the ecosystem’s Layer 2 chains, including Base, Zora, Mainnet, and others, was disclosed by Optimism developers. Currently, for safe communication and asset…
‘Fault proofs’ are implemented by OP Mainnet to reinforce rollup decentralization
In terms of decentralization, OP Labs has advanced the project to a stage 1 rollup with the publishing of fault proofs on the Layer 2 blockchain, OP Mainnet. Users can…
Optimism Foundation Engages in a Private Token Sale Valued at $89 Million
In a recent development, the Optimism Foundation, a key supporter of the Ethereum Layer 2 project Optimism, has announced plans to privately sell around 19.5 million governance tokens, amounting to…
Optimism to Conduct ETH Withdrawal Pause for Enhanced Incident Response Testing
Layer 2 network Optimism is set to undertake a strategic pause in ETH withdrawals on February 15 to facilitate the testing of its upgraded incident response system. This move is…
OP Labs Launches a Testnet Fault Proof System for a more Decentralized Ecosystem
In a significant development for the blockchain community, the developer of the Optimism Network, OP Labs announced the launch of the testnet version of its fault-proof system via a blog…
Pessimism: A new security monitoring system rolled out by Base
Base, a Layer 2 network designed by Coinbase, has rolled out a new monitoring system called Pessimism which can help in enhancing security systems across blockchains powered by Optimism. The…
Apecoin, Optimism, and Aptos are set to unlock tokens worth $100 Million Collectively this September
The month of September has become one of the crucial ones for the world of cryptocurrencies with a few of the prominent players like Optimism, Aptos, and Apecoin unlocking tokens…
Optimism Network Transactions Surge 67% Following Bedrock Upgrade, Unleashing the Power of Layer 2
In a remarkable development for the Ethereum ecosystem, the Optimism layer-2 network has witnessed an astounding surge of 67% in transactions following its highly anticipated June 7 “Bedrock” upgrade. Blockchain…