The Delta hardfork, deployed across Optimism-based layer-2 chains like Optimism Mainnet, Zora and Base last week, has successfully reduced fees as anticipated, according to OP Labs, the project’s core developer.
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
This update focused on minimizing layer-1 fees incurred by chain operators.
Initial projections suggested significant reductions, and Zora data indeed shows a 90% decrease in fixed overhead costs after the upgrade.
This translates to increased revenue for Zora, highlighting the potential benefits of the Delta fork.
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“We expect this upgrade to significantly ease adoption of the OP Stack by reducing the fee burden for all chain operators,” stated OP Labs.
A key element of the Delta upgrade, “Span Batches,” consolidates multiple layer-2 blocks into one single batch for transmission to the Ethereum mainnet.
This reduces the amount of data requiring transfer, consequently lowering fees.
Pre-implementation estimates projected a fee decrease of 6-11% for active chains and over 90% for less active ones, and these estimates appear to have been accurate.
Optimism, which utilizes optimistic rollups to achieve lower transaction costs for decentralized applications (dApps), operates as a network of layer-2 chains known collectively as the Superchain.
This ecosystem is governed by the Optimism Collective, a decentralized autonomous organization (DAO).
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.