CryptoMediaClub
Monday, June 8, 2026
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Optimism to Halt ETH Withdrawals for Testing Upgraded Incident Response System

10.02.2024
A A
0
122
VIEWS
ShareShare

On February 15, the Optimism network will suspend ETH token withdrawals to test an updated security response system. Withdrawals will not be possible for one hour, the developers said.

According to the announcement, ETH withdrawals from Optimism’s Level-2 network to the main Ethereum network will be suspended, while the ability to make deposits from the main network will not be affected. Users will also be able to perform regular transactions.

Optimism Network Announces Temporary Withdrawal Pause for Layer 2 Security Test

During this exercise, L2-to-L1 withdrawals will be paused. L1-to-L2 transactions are not affected. Smart contract calls and RPC calls involving withdrawals to L1 may fail during this window. Transactions on L2 will continue as normal and not be affected.

— OP Labs (@OPLabsPBC) February 9, 2024

This pause, as announced on Discord first, will affect withdrawals from the Layer 2 network to the Ethereum mainnet, while deposits from the mainnet to the Layer 2 network and regular transactions on the network will continue unaffected.

The primary objective of this test is to bolster the capability to respond to security incidents across various chains within the Optimism ecosystem in a synchronized manner. Currently, the incident response system entails an on-chain pause specifically for Ethereum withdrawals.

In January, OP Labs proposed a protocol upgrade aimed at bolstering the ability to respond to security incidents in a coordinated manner across all OP chains. This upgrade is a result of insights gleaned from comprehensive incident response drills and valuable input from industry experts, with the goal of enhancing the resilience of the Superchain once implemented.

A notable feature of this upgrade is the introduction of a new SuperchainConfig contract, which is initially minimalistic but can expand over time as new capabilities are integrated into the Superchain. These enhanced features have been operational on OP Sepolia since December 11, 2023, without encountering any issues.

The forthcoming upgrade will introduce a broader feature enabling a Superchain-wide pause, which will halt withdrawals for tokens and non-fungible tokens (NFTs) across Optimism and any Optimism-based chains opting into the system.

The current incident response mechanism, including the on-chain pause feature for ETH withdrawals, mitigates critical security concerns within the Optimism Protocol. The proposed upgrade extends this functionality by introducing a Superchain-wide pause mechanism, enhancing protection across multiple fronts, including withdrawals for ERC-20 and ERC-721 tokens.

Optimism Labs Enhances System to Strengthen Superchain Security

In announcing the enhanced system in January, OP Labs emphasized that the upgrade aims not only to fortify individual chains but also to harness the collective security intelligence of the entire Superchain.

OP Labs also encourages stakeholders to review the full upgrade proposal, including the audit and impact assessment available in the Governance Proposal. Key technical changes include the introduction of the SuperchainConfig contract and updates to the OptimismPortal and L1CrossDomainMessenger.

The Optimism blockchain is an ecosystem of Level-2 chains (collectively named the Superchain) that use Optimism to reduce transaction costs for decentralized applications. This ecosystem is managed by a DAO known as the Optimism Collective. OP Mainnet is the flagship network representing the fast, stable, and scalable L2 blockchain. Optimism also includes other L2 networks, such as Base and Zora.

The upgraded feature is presently operating on its testing network, and the one-hour pause on February 15 will serve as a live environment check for its functionality. Throughout the downtime, stakeholders can expect updates posted on Optimism’s network status page to stay informed.

The post Optimism to Halt ETH Withdrawals for Testing Upgraded Incident Response System appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Elon Musk Grok AI Predicts Shocking XRP Price in The Next 28 Days
All news

Elon Musk Grok AI Predicts Shocking XRP Price in The Next 28 Days

08.06.2026
0

Grok AI has just predicts that the current $1.13 XRP price is a setup. Elon Musk’s AI predicts for $1.55...

Read moreDetails
CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days

CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days

07.06.2026
SpaceX and Mega IPOs Fuel Crypto Sell-off: Is Retail Moving Away From Bitcoin?

SpaceX and Mega IPOs Fuel Crypto Sell-off: Is Retail Moving Away From Bitcoin?

07.06.2026
JPMorgan, Citi, and Bank of America Just Built a Tokenized Payment Network to Kill Stablecoins

JPMorgan, Citi, and Bank of America Just Built a Tokenized Payment Network to Kill Stablecoins

06.06.2026
Ethereum News Today: BitMine to Raise $300M in Preferred Stock to Buy ETH

Ethereum News Today: BitMine to Raise $300M in Preferred Stock to Buy ETH

05.06.2026
Load More
Next Post
Australian Federal Court Rules Against Block Earner for Unlicensed Financial Services Conduct

Australian Federal Court Rules Against Block Earner for Unlicensed Financial Services Conduct

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Rallies as Robinhood Reports 165% Revenue Surge – What’s Next for BTC?

Bitcoin Rallies as Robinhood Reports 165% Revenue Surge – What’s Next for BTC?

2 years ago
Dangerous actors steal $80 million in January, CEXs hit hardest

Dangerous actors steal $80 million in January, CEXs hit hardest

1 year ago
Lace Wallet Unveils Multi-Pool Staking: Cardano’s Next Leap Towards Decentralization

Lace Wallet Unveils Multi-Pool Staking: Cardano’s Next Leap Towards Decentralization

3 years ago
Terra Rebel’s Proposal 11459 Shot Down by Significant Validators

Terra Rebel’s Proposal 11459 Shot Down by Significant Validators

3 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

AI’s power race is shifting leverage from chipmakers like NVIDIA to the grid

CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days

A needed $900B Treasury cash rebuild could quietly drain the liquidity Bitcoin needs

SpaceX and Mega IPOs Fuel Crypto Sell-off: Is Retail Moving Away From Bitcoin?

Hyperliquid’s UK warning reveals the regulatory test behind its Wall Street push

AI’s $800 billion spending boom is becoming Bitcoin’s Fed problem

Trending

Elon Musk Grok AI Predicts Shocking XRP Price in The Next 28 Days
All news

Elon Musk Grok AI Predicts Shocking XRP Price in The Next 28 Days

08.06.2026
0

Grok AI has just predicts that the current $1.13 XRP price is a setup. Elon Musk’s AI...

Ethereum’s $1,500 test shows how quickly Wall Street’s crypto trade has turned

Ethereum’s $1,500 test shows how quickly Wall Street’s crypto trade has turned

07.06.2026
DeFi’s old hack vectors are fading – But the new risk can hit six chains at once

DeFi’s old hack vectors are fading – But the new risk can hit six chains at once

07.06.2026
AI’s power race is shifting leverage from chipmakers like NVIDIA to the grid

AI’s power race is shifting leverage from chipmakers like NVIDIA to the grid

07.06.2026
CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days

CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days

07.06.2026
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz