Optimism to Implement Hard Fork Following Security Audits
Optimism will introduce a hard fork to address security vulnerabilities identified in recent audits. The upgrades include smart contract improvements to enhance network security and stability.
Strengthening Network Security
OPLabsPBC has announced crucial upgrades to the Optimism mainnet after audits by Spearbit, Cantina, and Code4rena uncovered flaws in the Fault Proof System. These updates are vital for preventing potential threats and ensuring user assets remain secure.
- Hard fork on the Optimism mainnet to address security issues
- Improvements to smart contracts to fix identified weaknesses
- Activation of a permissioned fallback to maintain network stability
- Resetting user withdrawals to enhance reliability
Developments in Layer-2 Ecosystems
Other Layer-2 networks are also progressing. Shiba Inu’s Shibarium plans a hard fork to introduce a burn mechanism linked to transaction fees, potentially impacting SHIB token supply and price.
While Optimism ranks just below Ethereum in Layer-2 Transaction Per Second (TPS) ratings, its commitment to security and stability remains strong.
Optimism’s Vision for the Future
Optimism is not just focused on technical upgrades but is part of a broader effort to improve the ETH ecosystem. The network’s open-source, MIT-licensed code allows easy access for builders without needing to learn new programming languages or alter existing code.
Users can engage with Optimism through Coinbase Wallet, funding their wallets with ETH or other supported assets via various methods, including the Optimism Bridge.
These upgrades underscore Optimism’s dedication to a secure, user-friendly network.
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