Optimism (OP) Bedrock to Reduce Network Fees by Almost 50%: Analysis

To minimize both types of costs, Optimism developers decided to reconsider the way Optimism compresses data and the manner in which it sends data to Ethereum .

Simply put, Optimism introduces"channels," an object that consists of multiple batches . Channels is yet another layer of data optimization compared to previous generations of L2 scalers.To handle large volumes of data, channels can be"sliced" into channel frames. Also, Optimism devs chose zlib algorithm for data compression.

Last but not least, Bedrock will push L1 fees to a theoretical minimim, reducing the execution gas, making them trivial for users and developers. In total, this will result in a 47% reduction in protocol costs/security fees.Also, Mr. Gutow highlighted that with EIP 4844 activation in Optimism , its fees will be due for an even more dramatic reduction.As covered by U.

The potential of Optimism Bedrock attracts new enthusiasts to the network: the price of OP, the core native token of Optimism, surged by 247% in 2023 before reaching an all-time high in early February 2023.

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