ETH Withdrawals on Optimism Network to Pause for System Upgrade
The Optimism network will be temporarily halting ETH withdrawals for one hour on February 15 to test an upgraded incident response system. During this time, withdrawals of ETH from the Layer 2 network to the Ethereum mainnet will be paused, while deposits and normal transactions will not be affected. The goal is to improve the ability to respond to security incidents across different chains in the Optimism ecosystem. The current system allows for on-chain pauses for Ethereum withdrawals, but the upgraded feature will enable a Superchain-wide pause for tokens and NFTs. This upgrade aims to leverage the collective security intelligence of the entire Superchain.
Testing the Upgraded Feature
The upgraded feature is currently live on the testing network, and the one-hour pause will serve as a live environment check. Updates regarding the downtime will be posted on the network status page.
The Optimism Ecosystem
The Optimism ecosystem consists of Layer 2 chains collectively known as the Superchain, which utilize optimistic rollups to reduce transaction costs for dapps. This ecosystem is governed by a DAO called the Optimism Collective. The flagship network is the OP Mainnet, joined by others like Base and Zora.
Hot Take: Optimism Network Enhancing Security with Upgraded Incident Response System
The Optimism network is taking a proactive approach to enhance its security measures with an upgraded incident response system. By pausing ETH withdrawals for one hour, they aim to test this new feature that enables a Superchain-wide pause for tokens and NFTs. This upgrade is not only about strengthening individual chains but also leveraging the collective security intelligence of the entire Superchain. The Optimism ecosystem, consisting of Layer 2 chains and governed by the Optimism Collective, seeks to reduce transaction costs for dapps through optimistic rollups. Stay updated on the network status page for any announcements during the testing period.
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