Optimism to Cease ETH Withdrawals for Testing Upgraded Incident Response Intention

Optimism to Cease ETH Withdrawals for Testing Upgraded Incident Response Intention

Hassan Shittu
Hassan Shittu
Final as a lot as this point: | 2 min read

Optimism logo. Supply: Adobe

On February 15, the Optimism network will slump ETH token withdrawals to ascertain an as a lot as this point security response procedure. Withdrawals will now now not be possible for one hour, the builders stated.

In step with the announcement, ETH withdrawals from Optimism’s Level-2 network to the predominant Ethereum network will be suspended, whereas the ability to accomplish deposits from the predominant network will now now not be affected. Users will additionally be in a place to originate frequent transactions.

Optimism Network Declares Fast-term Withdrawal Live for Layer 2 Security Test

This stop, as introduced on Discord first, will affect withdrawals from the Layer 2 network to the Ethereum mainnet, whereas deposits from the mainnet to the Layer 2 network and frequent transactions on the network will continue unaffected.

The well-known perform of this test is to bolster the aptitude to reply security incidents across diversified chains in the future of the Optimism ecosystem in a synchronized system. Presently, the incident response procedure entails an on-chain stop specifically for Ethereum withdrawals.

In January, OP Labs proposed a protocol strengthen aimed at bolstering the ability to reply security incidents in a coordinated system across all OP chains. This strengthen is a outcomes of insights gleaned from complete incident response drills and precious enter from substitute experts, with the aim of making improvements to the resilience of the Superchain as soon as conducted.

A indispensable characteristic of this strengthen is the introduction of a brand fresh SuperchainConfig contract, which is in the begin minimalistic but can prolong over time as fresh capabilities are built-in into the Superchain. These enhanced aspects possess been operational on OP Sepolia since December 11, 2023, without encountering any components.

The impending strengthen will introduce a broader characteristic enabling a Superchain-broad stop, which is in a place to discontinue withdrawals for tokens and non-fungible tokens (NFTs) across Optimism and any Optimism-primarily based chains opting into the procedure.

The most fresh incident response mechanism, including the on-chain stop characteristic for ETH withdrawals, mitigates serious security concerns in the future of the Optimism Protocol. The proposed strengthen extends this efficiency by introducing a Superchain-broad stop mechanism, making improvements to protection across extra than one fronts, including withdrawals for ERC-20 and ERC-721 tokens.

Optimism Labs Enhances Intention to Help Superchain Security

In asserting the improved procedure in January, OP Labs emphasized that the strengthen goals now now not completely to augment person chains but additionally to harness the collective security intelligence of the total Superchain.

OP Labs additionally encourages stakeholders to ascertain the corpulent strengthen proposal, including the audit and affect evaluation readily available in the market in the Governance Proposal. Key technical changes encompass the introduction of the SuperchainConfig contract and updates to the OptimismPortal and L1CrossDomainMessenger.

The Optimism blockchain is an ecosystem of Level-2 chains (collectively named the Superchain) that utilize Optimism to lower transaction prices for decentralized capabilities. This ecosystem is managed by a DAO identified because the Optimism Collective. OP Mainnet is the flagship network representing the instant, gain, and scalable L2 blockchain. Optimism additionally involves other L2 networks, equivalent to Substandard and Zora.

The upgraded characteristic is at the moment working on its sorting out network, and the one-hour stop on February 15 will help as a dwell ambiance test for its efficiency. Throughout the downtime, stakeholders can check updates posted on Optimism’s network plight net page to contain educated.

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