Optimism (OP), the Ethereum-based Layer-2 (L2) blockchain protocol has introduced the rescheduling of its Bedrock improve vote cycle. The brand new improve will now happen from the 2nd of March to April 5, a large time span to provide each group member the room to take part within the vital occasion.
Replace for the Collective: We now have rescheduled the Bedrock improve vote to Cycle 11 (March 2 – April 5) to resolve bugs uncovered by vigilant group members as a part of the Bedrock bug bounty contest.
— Optimism (✨🔴_🔴✨) (@optimismFND) February 17, 2023
The scheduled improve is designed to assist take away or repair all of the bugs that have been found by the group members as a part of the Bedrock Bug Bounty contest. The vast time span for the scheduled protocol fixing will allow the core workforce members to repair all of the found bugs when the voting interval commences.
As a comparatively new L2 protocol, it famous it’s approaching this bug-fixing occasion critically contemplating it’s the first of such that can be carried out by the outfit.
“Our confidence within the Bedrock improve stays sturdy – we anticipated the bounty contest would show fruitful in our unique proposal. However, that is the Token Home’s first ever improve vote. It’s important to set the bar for rigor in all future protocol upgrades,” the announcement reads.
Implication on Value
Any bug repair on any protocol is aimed toward enhancing the usability of the blockchain throughout the board. In keeping with Optimism, the affect of the Bedrock improve is aimed toward the long run and as such, its focus is on constructing a protocol that works for all in a sustainable method.
These plans are helpful for the protocol’s native token OP. It is because the extra usable Optimism is, the extra doubtless demand for the token will rise which is able to support the worth progress. On the time of writing, Optimism is down by 2.33% to $2.74 however nonetheless up by 11% up to now 7 days.
The token is likely one of the frontline Layer-2 protocols whose worth motion has been constant all 12 months lengthy.