Traders’ optimism has been high in the market of late. Major cryptocurrencies registered their monthly highs recently. BTC touched $24,000 and ETH crossed the $1,750 mark. Amidst this mix was the Optimism protocol which also experienced rapid growth in July.<\/p>\n
Optimism has begun showing serious signs of recovery in recent days. The OP token followed suit with a near 90% surge <\/a>this week. However, there was a decline in its price action which brought OP\u2019s trading value back to $1.63, at press time.<\/p>\n Optimism is set to launch the latest upgrade called Bedrock on its platform. Kelvin Fichter, a developer at Optimism, unveiled key points about the latest upgrade in a recent presentation in Paris.<\/p>\n He compiled important points in a tweet <\/a>recently for the social media community. The latest upgrade will focus on providing various new opportunities for all dApps based on Ethereum\u2019s L2s.<\/p>\n Fichter claimed that Bedrock is \u201cthe most advanced roll-up design ever built.\u201d<\/p>\n Bedrock aims to \u201csqueeze out every last drop\u201d of gas savings when publishing transaction data to Ethereum. It will be the only roll-up design to use Ethereum’s Engine API for consensus\/execution client separation.<\/p>\n This set of advantages will look to make Bedrock the most decentralized, fast, and seamless in terms of the L1\/ L2 interaction ecosystem.<\/p>\n Fichter further highlighted that the OP Labs are also waiting for the imminent launch of the EIP-4844. This upgrade claims to reduce rollup fees and enable Ethereum to scale without \u201csacrificing\u201d decentralization.<\/p>\n EIP-4844 will drastically decrease rollup fees, enabling Ethereum to scale without sacrificing decentralization.<\/p>\n Researchers and devs from @OPLabsPBC<\/a>, @Coinbase<\/a>, @ConsenSys<\/a>, @prylabs<\/a>, and the EF recently joined the second community call coordinating these efforts.<\/p>\n — OP Labs (@OPLabsPBC) July 29, 2022<\/a><\/p><\/blockquote>\nWhat\u2019s the hype<\/h3>\n
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