EddieJayonCrypto

 19 Aug 24

tl;dr

Optimism (OP) has disabled permissionless fraud proofs and proposed the Granite network upgrade to address security vulnerabilities identified by third-party auditors. The upgrade aims to enhance security and performance on the OP Mainnet. The decision to disable permissionless fraud proofs follows ...

Optimism (OP) has taken steps to address security vulnerabilities through the disabling of permissionless fraud proofs and the proposal of the Granite Network Upgrade. The upgrade, aimed at enhancing security and performance on the OP Mainnet, requires node operators to update their software by September 11.


As a result of the upgrade, pending withdrawals will be invalidated, and withdrawals initiated before the upgrade will be finalized one week after. Despite security concerns, the Total Value Locked (TVL) of the Layer-2 network has surged, indicating renewed confidence and investor interest in the platform.


The decision to disable permissionless fraud proofs followed the discovery of high-priority issues, leading to the implementation of a permissioned fallback for tighter control. The proposed hard fork, if passed, aims to deliver better security and performance to the OP Mainnet’s fault-proof system.


Following third-party audits that revealed vulnerabilities in the system, the Granite Network Upgrade seeks to fix these issues and improve the fault-proof system's stability and performance.


The implications of the Granite Upgrade include software updates for node operators and invalidated pending withdrawals. Despite security concerns, the surge in TVL indicates increased capital inflows to the DeFi protocol, suggesting renewed confidence and investor interest in the platform.

More about Oceanpal Inc

OceanPal Inc. - Technical Analysis Summary

OceanPal Inc. is a company focused on providing ocean freight services in the deep sea foreign transportation of freight sector.

Key Metrics:

- Current Market Price: $12.87

- Volume: 22,098,000

- Price Change: -3.43

- Price Change Percentage: -0.581%

- Relative Strength Index (RSI): 3.475

- Bollinger Bands: 0.249


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