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Blockchain News

Optimism’s Delta Hardfork Slashes Fees Across Ecosystem

Test in Prod, with initial input from researcher Protolambda, developed this feature.

Written By Dishita Malvania
Published 2024-03-01·Updated 9 months ago
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Optimism Enhances Security with Layer-2 Testnet Updates

Last week, the Delta hardfork was rolled out across several optimism-based chains, including OP Mainnet, Base, and Zora. This update, designed to cut down on the fixed overhead costs associated with Layer 1 fees, has delivered significant reductions as anticipated.

According to OP Labs, the developers behind Optimism, the Delta hard fork has successfully streamlined blockchain operations, leading to lower costs for chain operators.

The Delta upgrade slashed OP Chain fixed operating costs by over 90%.

In this blog post, @testinprod_io recaps how they built the first critical hardfork built as OP Stack core devs:https://t.co/el5bBlI6N0

— OP Labs (@OPLabsPBC) February 29, 2024

OP Labs showcased the efficiency of the Delta hardfork in trimming fixed overhead costs through data from Zora-sepolia, revealing a remarkable 90% decrease in these expenses. This reduction has translated into increased revenue generation for Zora.

OP Labs expressed their anticipation that this upgrade will facilitate wider adoption of the OP Stack by lightening the fee burdens for all chain operators.

The Delta upgrade introduced Span Batches, a crucial feature that consolidates consecutive Layer 2 blocks into a single batch, effectively decreasing the volume of data required to be posted to Ethereum. Test in Prod, with initial input from researcher Protolambda, developed this feature.

Optimism encompasses a network of Layer 2 chains, collectively referred to as the Superchain, which employ optimistic rollups to lower transaction costs for dApps. Governance over this ecosystem is facilitated by a DAO called the Optimism Collectible.

Also Read: Optimism Celebrates NFT Creators with a $41 Million Airdrop

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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