• Optimism Foundation has introduced a framework to guide participants in its proposed multichain network.
• The Law of Chains creates standards for security and uniformity across the Superchain ecosystem, which will be enforced by Optimism Governance.
• Contributions to the framework have been made by Coinbase’s Base developers, and it is currently open for community feedback.
The Optimism Foundation has announced a new framework to guide participants in its proposed multichain network – the Law of Chains. This law sets forth standards for security and uniformity across the Superchain ecosystem, and will be enforced via Optimism Governance. Contributors to this framework include Coinbase’s Base developers, and it is currently open for community feedback.
Optimism took its first steps towards transitioning to a multichain network with its Bedrock upgrade in May 2023. This update brought about speed and security improvements that pave the way for the next step towards achieving their multichain future – their Superchain future.
The Law of Chains requires users, chain governors, and servicers to adhere to certain guidelines regarding block space, liquidity fragmentation, multiple deployments of single solutions across chains, etc. Specifically, this framework mandates the use of standard bridging protocols as well as simultaneous upgrades across all chains in order to maintain uniformity within the Superchain ecosystem.
Following the introduction of the Law of Chains framework by Optimism Foundation on July 25th, they are now welcoming community feedback on it before formalizing it into a voting system during their next governance season. All interested parties are encouraged to participate in this process as it could shape how future scaling solutions are developed on Ethereum Layer-2 platforms going forward.
Optimism’s proposed transition into a multichain network with their Law of Chains is an exciting development for Ethereum Layer-2 solutions looking for ways to solve common problems like fragmented liquidity and limited block space while maintaining uniformity within their ecosystems. The current draft is being considered by members of the community before moving forward with formalization through governance voting later this year which could revolutionize how these scaling solutions are designed going forward if successful!