# Upgrade #2: Canyon Protocol Upgrade
AI summary
This proposal is for the Optimism network's second major upgrade, named Canyon, following the Bedrock upgrade. It incorporates Ethereum's Shapella network upgrade, aims to stabilize transaction fees by reducing basefee volatility, and includes various bug fixes. The upgrade ensures compatibility with the Ethereum Virtual Machine (EVM) and introduces specific improvements for the OP Stack, which is the technology powering Optimism.
If passed, the Canyon upgrade will activate on Optimism's main network and other OP Stack chains like Base, PGN, and Zora on January 11, 2024. This will lead to a more stable and potentially cheaper transaction environment for users and developers on these networks, benefiting all participants by improving network reliability and predictability.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Upgrade #2: Canyon Protocol Upgrade
This proposal outlines the Optimism Collective’s first network upgrade after Bedrock, titled Canyon. The Canyon upgrade contains the Shapella network upgrade from Ethereum, a change to reduce the volatility of the basefee, and several minor bug fixes. This upgrade maintains EVM equivalence and includes several OP Stack specific improvements.
Canyon is code complete in the optimism monorepo at commit 6cce3728b7bed5e36234aeba3b773e0f97867be3 and op-geth at commit ed8e9f54ed0a5069e77ea34895ff12a9ac4ca17f If this vote passes, Canyon will activate on op-mainne…