Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Optimism (OP) Announces Critical Fault Proof Upgrade Impacting Bridges and Exchanges

CryptoExpert by CryptoExpert
March 17, 2024
in Blockchain News
0
Optimism (OP) Conducts Private Sale of 19.5M OP Tokens
  • Facebook
  • Twitter
  • Pinterest


Optimism introduces major updates to Fault Proofs, affecting withdrawal processes for bridges and exchanges on OP Mainnet and OP Sepolia.

Optimism (OP), a leading Layer 2 scaling solution for Ethereum, is set to implement significant breaking changes to its Fault Proof system, which will directly affect bridges, centralized exchanges, and custom solutions that handle withdrawals. This development is crucial for stakeholders within the Optimism ecosystem, as they must adapt their systems to align with the new withdrawal verification process.

You might also like

Barron’s data shift nudges Polymarket odds as 2028 race stays lively

Anthropic Audit Finds Zcash (ZEC) Free of Major Bugs Amid Recovery

Strait of Hormuz tension spurs Polymarket bets before June 30

Overview of the Fault Proof System Update

The upgrade introduces a shift from the L2OutputOracle to a new system comprising the OptimismPortal and DisputeGameFactory. The L2OutputOracle, previously essential for the Proposer role in storing L2 state output proposals, will be entirely removed. In its place, developers will need to use the rootClaim of a dispute game to prove withdrawals during the first step of the two-step withdrawal process.

Betfury

The OptimismPortal contract will experience minor changes as it now references the DisputeGameFactory contract instead of the L2OutputOracle. Developers must now search for recent DisputeGame contracts with the appropriate game type through the OptimismPortal to prove withdrawals. This shift enhances the security and decentralization of the withdrawal process but requires developers to update their client code accordingly.

Impact on Bridges and Centralized Exchanges

The transition to Fault Proofs necessitates updates in the logic for handling withdrawals. Most teams leveraging the Optimism SDK or Viem will need to update their software versions prior to the Sepolia release. The Optimism SDK, for instance, requires an upgrade to version 3.2.0 or higher, which maintains API compatibility and integrates the new logic automatically once the Fault Proof upgrade is detected.

For those using Viem, the latest version breaks the API, necessitating the use of an experimental decorator supporting fault proofs. Upon fault proofs being mainstreamed on the Mainnet, a switch to the stable API will be recommended.

Monitoring System Changes

The Withdrawal Monitor and Dispute Monitor services have undergone updates to accommodate the new fault proof system. The Withdrawal Monitor service, crucial for the two-step withdrawal system, has become slightly slower at startup but more reliable and compatible with a broader range of infrastructure. It remains fully backward compatible with existing systems.

The Dispute Monitor service, on the other hand, will replace the current Fault Monitor to detect invalid output proposals. Teams currently running the Fault Monitor will need to switch to the new service and update their alerting systems to stay in compliance with the new upgrade.

Next Steps for Developers and Operators

Developers and operators within the Optimism network are advised to familiarize themselves with the upcoming changes by reviewing the detailed documentation provided by Optimism. This includes understanding the three main components of the Fault Proof System—Cannon FPVM and Mips.sol—and preparing their systems for the transition.

The Fault Proof updates are scheduled to launch on the testnet on March 19, 2024. It is crucial for all parties involved to prepare their systems in advance to ensure seamless integration with the new protocol and avoid any disruptions to their operations.

Optimism continues to provide developer support for those experiencing difficulties during the transition. The proactive engagement and detailed documentation reflect Optimism’s commitment to maintaining a robust and developer-friendly ecosystem.

Image source: Shutterstock



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Ethereum
CryptoExpert

CryptoExpert

Recommended For You

Barron’s data shift nudges Polymarket odds as 2028 race stays lively

by CryptoExpert
June 15, 2026
0
Barron’s data shift nudges Polymarket odds as 2028 race stays lively

Rongchai Wang Jun 14, 2026 18:15 Polymarket’s 2028 presidential contracts see brisk turnover after Barron’s data previews this week. Barron’s data...

Read more

Anthropic Audit Finds Zcash (ZEC) Free of Major Bugs Amid Recovery

by CryptoExpert
June 15, 2026
0
CGV Leads Expansion in Bitcoin Wallet Sector with UniSat Investment

Timothy Morano Jun 14, 2026 14:43 Anthropic's Mythos AI model found no critical vulnerabilities in Zcash after a recent exploit. ZEC price stabilizes at...

Read more

Strait of Hormuz tension spurs Polymarket bets before June 30

by CryptoExpert
June 14, 2026
0
Strait of Hormuz tension spurs Polymarket bets before June 30

Ted Hisokawa Jun 14, 2026 06:14 On June 30, renewed tensions after a U.S. helicopter incident near the Strait of Hormuz spurred attention to...

Read more

Oil Sanction Relief bets dominate as Iran talks press toward June 30

by CryptoExpert
June 14, 2026
0
Oil Sanction Relief bets dominate as Iran talks press toward June 30

Jessie A Ellis Jun 13, 2026 15:15 As talks between the U.S. and Iran move toward a potential agreement by end of June, Tehran...

Read more

KuCoin Faces $2M Unpaid Award Over Delisted CHP Token Dispute

by CryptoExpert
June 14, 2026
0
Pyth Network Integrates Price Oracles with IOTA EVM

Caroline Bishop Jun 13, 2026 13:26 KuCoin has yet to comply with a $2M Seychelles court ruling over abandoned CoinPoker tokens, raising questions about...

Read more
Next Post
$200B Financial Group Cetera Approves 4 Spot Bitcoin ETFs on Its Platform

$200B Financial Group Cetera Approves 4 Spot Bitcoin ETFs on Its Platform

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 66,661.00
ethereum
Ethereum (ETH) $ 1,817.24
tether
Tether (USDT) $ 0.999279
bnb
BNB (BNB) $ 625.75
xrp
XRP (XRP) $ 1.25
usd-coin
USDC (USDC) $ 0.999777
solana
Solana (SOL) $ 73.86
tron
TRON (TRX) $ 0.318918
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.01
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?