Source: OPUSD Chart by TradingView
Optimism is a layer-2 scaling network for the Ethereum blockchain. Optimism is designed to be as simple as possible for its features. Optimism should be composed of the minimum number of moving parts required for a secure, scalable, and flexible L2 system. This simplicity gives Optimism’s design several advantages over other more complex L2 constructions.
For all its idealism, the design process behind Optimism is ultimately driven by pragmatism. The core Optimism team has real-world constraints, the projects that build on Optimism have real-world needs, and the users that engage with Optimism have real-world problems. Optimism’s design philosophy prioritizes user and developer need over theoretical perfection. Sometimes the best solution isn’t the prettiest one.
Optimism is in it for the long haul. Application developers need assurance that the platform they’re building on will remain operational and competitive over long periods. Optimism’s design process is built around long-term sustainability and not taking shortcuts to scalability. A scalable system means nothing without the ecosystem that sustains it.
Of course, none of this would be possible without a sense of optimism. Our optimism about the Ethereum vision keeps this project moving forward. We believe in an optimistic future for Ethereum, where we get to redesign our relationships with the institutions that coordinate our lives.
Optimism is an “Optimistic Rollup,” which is a fancy way of describing a blockchain that piggy-backs off of the security of another “parent” blockchain. Specifically, Optimistic Rollups take advantage of their parent chain’s consensus mechanism (like PoW or PoS) instead of providing their own. In Optimism’s case, this parent blockchain is Ethereum.
Optimism jumps 22% following Coinbase ‘Base’ layer 2 announcement
The Optimism token spiked to $3.095 as Coinbase launches its Base layer 2 solution built on the Op Stack code.
Optimism sheds 10% following 11M token airdrop
Optimism's OP token fell 13% in the last 24 hours to $2.33 as of press time, according to CryptoSlate data.
Optimism (OP) hits new ATH despite 70% transaction volume decline
Optimism's (OP) governance token rose to new all-time high of $2.49 on Jan. 25, according to CryptoSlate data.
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