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Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread from blockchain analytics firm Nansen. The network had been seeing less than 300,000 transactions per day before the upgrade, but this figure increased to over 550,000 by the middle of
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The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms the developer says will help create a “Superchain” of scaleable Web3
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According to Floersch, this would make Optimism the first layer 2 to run on a multi-client ecosystem, which helps strengthen the blockchain by reducing possibilities of network downtime; if there’s a bug in one client software, then the blockchain can rely on the other users running the other client software
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The layer 2 landscape on top of Ethereum has seen some intense competition over the past few months. According to L2Beat, Arbitrum, another optimistic scaling solution and Optimism’s biggest rival, leads the way with $5.69 billion total value locked (TVL), a measure of collateral socked into decentralized-finance (DeFi) protocols on
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The Bedrock hard fork, proposed earlier this year and approved by the Optimism community in April, is supposed to bring a “new level of modularity, simplicity and Ethereum equivalence.” Source
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Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced transaction fees, provide greater network security and enhanced compatibility with Ethereum.The Optimism team stated via a May 15 Twitter thread that the network would
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Amazon Bedrock has multiple use cases, including Text Generation and Chatbots. The burgeoning AI space has welcomed an addition as Amazon launches Bedrock to take on Google and OpenAI. With Bedrock, Amazon Web Services (AWS) users will be able to build out generative AI from foundation models (FMs). ChatGPT is an
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Generative artificial intelligence models such as ChatGPT have taken the technology world by storm as they threaten to permeate the mainstream. With the announcement of Bedrock, it’s clear that Amazon is ready to go all-in just as Big Tech competitors Microsoft and Google have. Bedrock will allow Amazon Web Services
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The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility with the Ethereum Virtual Machine (EVM). The Optimism Foundation stated in its proposal, “The Bedrock
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"One of the big narratives of 2023 looks to be Layer 2's and the only way to get direct exposure to them right now is through the OP token," Conor Ryder, research analyst at Paris-based crypto data provider Kaiko, said. "TVL on Optimism has also outpaced Arbitrum, its closest competitor,
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