Optimism Says Ether $ETH Now Treated as Native Cryptocurrency Alongside $OP Token

“With Bedrock, we’ve added a brand new methodology of constructing deposits by way of the brand new Optimism Portal contract. This method treats ETH as a local token, in order that an L1 to L2 transaction can have each ETH and knowledge related to it,” mentioned Maurelian. “To realize this, we would have liked to decouple the storage of ETH from the remainder of the ERC-20 tokens in our bridge, and transfer it into the Optimism Portal.”