Optimism to Launch Superchain Upgrade 16.0 in July

Optimism has announced the rollout of Superchain Upgrade 16.0, which was approved through OP Governance and will go live next week. The upgrade includes smart contract modifications to enhance interoperability, increased decentralisation, and security in line with L2Beat’s updated Stage 1 requirements for OP Mainnet, Base, InkOnChain, and Unichain, as well as an increase in the OP Stack gas limit to 500 million units per block.

OP Info

Optimism is a Layer 2 (L2) solution designed to enhance the speed and scalability of the Ethereum network. The project aims to improve performance and transaction speed on Ethereum while reducing costs. Optimism utilizes optimistic rollups technology.

Optimistic rollups are a second-layer technology that operates on top of the Ethereum mainnet and significantly increases its throughput capacity. These rollups enable the bundling of multiple transactions into a single block, which is then confirmed on the Ethereum mainnet. This approach greatly accelerates transaction processing and reduces costs since a larger number of transactions can be processed simultaneously.

The Optimism system is compatible with standard Ethereum development tools such as Solidity and the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their applications to this platform.

OP is the native governance token. The token can be used to participate in project governance within the Optimism Collective community and to vote on protocol upgrades and fund distribution.