OP Labs: The Fjord upgrade will go live on the OP mainnet on July 11

ChainCatcher news, OP Labs stated on social media that the Fjord upgrade will go live on the OP mainnet at 00:01 Beijing time on July 11.

It is reported that this upgrade will bring new features and reduce costs, including a 20-fold reduction in smart wallet key verification costs through the RIP-7212 precompile; developers can create smart wallet experiences without limitations on scale and cost; more accurate pricing features and more efficient Brotli batch compression, reducing transaction costs by 5 to 15%; and the sequencer drift increasing from 10 minutes to 30 minutes, etc.