Description
Optimism is a cutting-edge Layer 2 scaling solution for Ethereum, designed to enhance scalability and efficiency through Optimistic Rollups. By executing transactions outside the main Ethereum network and batch settling them on Layer 1, Optimism substantially reduces gas fees and increases transaction throughput. This technology supports a wide array of applications, from DeFi to gaming and NFTs, making Ethereum more accessible and sustainable. Optimism is fully compatible with Ethereum, allowing developers to easily deploy their DApps with minimal adjustments needed. It is governed by the Optimism Collective, which advocates for sustainable ecosystem funding via retroactive public goods funding, emphasizing community-driven governance. The project utilizes the Optimistic Virtual Machine (OVM) to enable instant transactions and scalable smart contracts on Ethereum without compromising security. A notable demonstration of its capabilities was a collaboration with Uniswap at Devcon V in October 2019, highlighting a general alpha version of the OVM that operates without requiring custom code. As a Public Benefit Corporation (PBC), Optimism balances profit-making with producing pub...
Optimism is a cutting-edge Layer 2 scaling solution for Ethereum, designed to enhance scalability and efficiency through Optimistic Rollups. By executing transactions outside the main Ethereum network and batch settling them on Layer 1, Optimism substantially reduces gas fees and increases transaction throughput. This technology supports a wide array of applications, from DeFi to gaming and NFTs, making Ethereum more accessible and sustainable. Optimism is fully compatible with Ethereum, allowing developers to easily deploy their DApps with minimal adjustments needed. It is governed by the Optimism Collective, which advocates for sustainable ecosystem funding via retroactive public goods funding, emphasizing community-driven governance. The project utilizes the Optimistic Virtual Machine (OVM) to enable instant transactions and scalable smart contracts on Ethereum without compromising security. A notable demonstration of its capabilities was a collaboration with Uniswap at Devcon V in October 2019, highlighting a general alpha version of the OVM that operates without requiring custom code. As a Public Benefit Corporation (PBC), Optimism balances profit-making with producing pub...
