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OP fights for a larger share of the L2 market with new upgrade: Will it succeed?

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Optimism successfully migrated its Goerli Testnet to Bedrock on 13 January The network witnessed a growth in user activity in the last month. Following an initial announcement in December 2022, leading layer 2 network Optimism [OP] completed the migration of its Goerli Testnet to Bedrock on 13 January. We have completed the successful upgrade of […]

“Is the cheapest, fastest, and most advanced rollup architecture.”

The upgrade is expected to bring several improvements to the network, including offering lower data fees on the layer-1 Ethereum network, future-proofing of its proof-of-stake mechanism, support for multiple execution clients, and two-step withdrawals for assets bridged to the layer-2 system. After successfully migrating its Goerli Testnet, Optimism will submit a proposal for a mainnet upgrade to the network’s governance team. The goal is for the upgrade to be implemented by the end of the first quarter of 2023.an open-source blueprint that allows anyone to use Optimism’s modular design and codebase to create their own rollups.

The timing of Optimism’s Bedrock upgrade coincided with the final stages of development for Polygon’s zkEVM, adding to the competitive landscape for market share among L2 solutions providers. Since its testnet launch last year, Polygon zkEVM reached important

 

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