Base engineers propose Fjord network upgrade for OP Stack

Bitget App

Trade smarter

Cointime2024/05/31 01:14

By:Cointime

Base engineer Roberto Bayardo proposed an Fjord network upgrade for the OP Stack. This upgrade includes the introduction of EIP-7212, which uses secp256r1 elliptic curve for secure and efficient signature verification, greatly reducing gas costs for smart wallet applications. In addition, the upgraded version also uses Brotli compression technology to reduce data availability costs. EIP-7212 has already been implemented on Polygon, and is expected to be supported by other L2s such as Arbitrum and zkSync. The Fjord upgrade aims to further reduce overall transaction costs on the OP Stack chain. The upgrade plan will be implemented on July 10, 2024, and is currently awaiting approval from the Optimism governance committee.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Discover the best cryptos for beginners! Learn how Qubetics raised over $14.9 million, plus explore the privacy features of Monero and the speed of Kaspa.Qubetics – Revolutionizing Cross- Border TransactionsMonero – The Unmatched Leader in Privacy CoinsKaspa – A Fresh Take on Blockchain SpeedConclusion – Building a Strong Foundation in Crypto

Coinomedia•2025/03/12 12:00

Whales Withdraw $14.35M USDC After ETH Long Exit

8 whale wallets withdrew $14.35M USDC from Hyperliquid after closing ETH long positions for profit.Whales Take Profits on ETHMarket Impact & SpeculationsWhat’s Next for Ethereum?

Coinomedia•2025/03/12 12:00