On the 2nd of February 2023, Optimism put out a post on Twitter announcing a historical Proposal optimism collective called Bedrock.
The Optimism Foundation has proposed the first protocol upgrade to the Optimism Collective: Bedrock. 🛏️🪨
See the full proposal here: https://t.co/ulJcbGKFsk
— Optimism Governance (@OptimismGov) February 1, 2023
According to the tweet, in the Optimism Collective governance system, The Optimism foundation released a proposal regarding its current preparation for the next major upgrade to their Goerli testnet, called Bedrock. The proposal is set to be discussed in the forum for two weeks before the community commences voting for it.
A draft of the upgrade proposal was also released representing the culmination of years of research and development by the Ethereum scaling community and is also a complete rewrite of the core components of the Optimism architecture.
Optimism Bedrock is a new generation network-wide upgrade for Optimism nodes designed to improve functioning to be the fastest, cheapest, most reliable roll-up.
It aims to offer modularity, simplicity, and Ethereum equivalence for layer 2 solutions.
Optimism Bedrock separates the Optimism stack into three components consisting of consensus, execution, and settlement. This will enable performance improvements across the boards, including transaction costs, throughput characteristics, and synchronization speed. In addition to these performance enhancements, the upgrade will also create a foundation for future improvements, such as decentralizing sequencing which is the compartment that collates transactions and improves on-chain security. Sequencing enables the network to derive security protocols from Ethereum.
The Bedrock release also introduces a 2-phase withdrawal process, which aims to strengthen bridge security which was a primary risk factor for chains in 2022.
The Optimism team made it a point to note that the majority of users would not be affected by this pending upgrade, however, users and projects running full nodes will need to begin to set things in place in order to implement the upgrade.
Pending a go-ahead from the Optimism community, the upgrade is scheduled for execution in two weeks after the vote passes on March 15th and is estimated to take about four hours for completion and will not require regenesis or a network reset. Historic chain data will remain accessible after the upgrade ensuring users do not lose any vital information.
The Optimism group and many others believe that the upgrade should be taken advantage of, considering the benefit it brings piloting them to continue to play a leadership role in the scaling community.
Many others believe that if all goes according to plan, massive potential gearing toward global adoption could be unlocked.