Optimism has introduced a governance proposal requiring at least 30 days' public notice before transferring upgrade authority of a Standard Rollup from the shared Security Council to a new address. This process involves validation by the Optimism Foundation and a mandatory waiting period before the Security Council can execute the transfer, which ends the chain's Standard Rollup status. The change aims to standardize upgrade transfers without needing additional governance votes, shifting security reliance to the new upgrade key holder. The proposal awaits governance approval and does not require smart contract changes.
Optimism's governance proposal on rollup transfer notice comes as a backdrop to a challenging day for major cryptocurrencies on Pluang. For readers following the crypto market, here is Pluang's snapshot as of Nov 06, 2026 09:31 WIB: out of 50 major cryptocurrencies, only 4 rose while 45 fell. Ethereum (ETH) dropped 8.35% to Rp40.465.543 with a typical hold time of 108 days and 82% of orders selling. Stellar (XLM) fell 8.31% to Rp2.815, and EOS (EOS.IO) gained 8.13% to Rp12.649 with a typical hold time of 87 days.
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