• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Base Implements the Exclusive Multi-Chain Prep Update

Base Implements the Exclusive Multi-Chain Prep Update

user avatar

by Giorgi Kostiuk

2 years ago


In its most recent announcement, the organization disclosed the outcome of its latest initiative. It highlighted the chains that have successfully completed the upgrade, emphasizing that these chains will operate on identical underlying code. This uniformity is expected to facilitate continuous upgrades and bolster security. The platform also shared details about the upgrade proposal.

The Optimism Foundation, a blockchain solution built on Ethereum's L2 network, introduced the upgrade proposal aimed at enhancing the security and upgradability of the Superchain. The proposal enables L1 contracts to be upgraded across multiple chains through a single transaction, allowing different chains to share a common smart contract implementation.

This simplifies the deployment and upgrade processes, particularly in emergency situations where quick smart contract upgrades are essential to mitigate vulnerabilities. Furthermore, the upgrade extends the SystemConfig to include contract addresses within the network.

By offering consumers access to the system's contract addresses, developers can provide a more immersive experience. The proposal also addressed scenarios involving critical security issues, outlining plans to collaborate with the community and communicate extensively in the event of upgrade cancellations. The upgrade introduces atomic upgrades across chains, reducing the potential risks of exploitation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin ETFs Experience Significant Outflows Amid Energy Shock

chest

Bitcoin ETFs recorded a net outflow of approximately 1.392 million on March 5, reflecting a rapid shift toward risk aversion among institutional investors.

user avatarNguyen Van Long

Over 10,000 Bitcoin Vulnerable to Quantum Attacks

chest

A report reveals that more than 10,000 Bitcoin are at risk from potential quantum computing attacks.

user avatarSatoshi Nakamura

Bitcoin Developers Consider Quantum-Resistant Solutions

chest

Bitcoin developers are debating solutions to protect against quantum computing threats, including a potential hard fork for post-quantum cryptography.

user avatarJesper Sørensen

PsiQuantum Constructs World's First Commercial Quantum Computer

chest

PsiQuantum is building a groundbreaking quantum computer in Chicago, capable of running 1 million qubits.

user avatarRajesh Kumar

Binance's TradFi Perpetual Futures Market Sees Explosive Growth

chest

Binance's TradFi perpetual futures market has seen explosive growth, surpassing 130 billion in cumulative trading volume and reflecting strong demand for continuous exposure to traditional assets.

user avatarFilippo Romano

Cryptocurrency Exchanges Evolve into Platforms for Traditional Financial Derivatives

chest

Cryptocurrency exchanges are evolving into platforms for trading traditional financial derivatives, with a notable rise in perpetual futures tied to traditional assets.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.