Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Optimism Chains Primed for EIP 4844 Upgrade: Why It Matters

Optimism Chains Primed for EIP 4844 Upgrade: Why It Matters

CoineditionCoinedition2024/02/25 16:37
By:Abdulkarim Abdulwahab
  • Optimism network preps for the Ecotone upgrade on March 14.
  • Ecotone integrates EIP-4844 “blobs” for cheaper, faster transactions.
  • Optimism node operators need to update for a smooth transition.

OP Labs has disclosed an imminent upgrade to revolutionize the Optimism (OP) network dubbed “Ecotone.” The team communicated this move in a recent post on X, noting this update is scheduled for deployment on March 14, pending Optimism Governance’s approval. 

The blobs are coming.

4844 will be live on OP Chains w/ the Ecotone upgrade on Thurs., March 14 at 00:00:01UTC, provided the upgrade proposal is approved by @Optimism Governance.

Node operators need to take steps to prepare for the upgrade. Details: https://t.co/LXEzVU8Prl

— OP Labs (@OPLabsPBC) February 23, 2024

This development heralds a significant milestone for the OP network as Ecotone brings forth crucial improvements to enhance the scalability and efficiency of the layer-2 solution. At the heart of the Ecotone upgrade lies the integration of Ethereum Improvement Proposal (EIP) 4844 . This EIP-4844 is a long-awaited protocol enhancement, otherwise called “proto-danksharding,” designed to introduce “blobs” to Ethereum’s infrastructure. 

This concept holds pivotal significance in advancing data availability and cost reduction within the network. Essentially, blobs represent sizable data batches processed more efficiently, thereby alleviating pressure on the Ethereum mainnet and reducing transaction fees.

Node operators within the Optimism network are urged to ready themselves for the impending upgrade by adhering to comprehensive instructions issued by OP Labs. The upgrade manual is accessible on the Optimism documentation website . It delineates steps to facilitate a smooth transition. 

For existing node configurations, adjustments are necessary, including the setup of a new Beacon endpoint. This step is critical because, following the activation of Ecotone, batch transactions will be transmitted as 4844 blobs. These blobs will exclusively be retrievable from Beacon nodes.

OP Labs leaves no stone unturned in equipping node operators with the requisite resources. It furnished a plethora of options for Beacon clients and provided explicit instructions for configuring blob archivers tailored to archive nodes. Moreover, the documentation furnishes meticulous steps for configuration verification, ensuring node operators are primed for the upgrade’s advent.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

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!

You may also like

Cryptocurrency Analytics Company Releases Critical Price Levels for Bitcoin, Ethereum and Solana

Cryptocurrency analysis company CryptoQuant has evaluated the prices of Bitcoin, Ethereum and Solana. Here are their predictions.

Bitcoinsistemi2024/11/03 11:33

Big Whale Made a Mistake This Time: He Missed $1.6 Million in Profit on This Altcoin

According to Onchain data, a major crypto whale missed a huge profit opportunity in an altcoin. Here are the details.

Bitcoinsistemi2024/11/03 11:33

Analysis Company Revealed: “This Altcoin Dominates in Transaction Share”

According to the statement made by the cryptocurrency analysis company CryptoQuant, an altcoin has taken over the dominance.

Bitcoinsistemi2024/11/03 11:22