Source: OPUSD Chart by TradingView
Optimism is designed to be as simple as possible for the features it provides. Ideally, 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 a number of significant 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 not only operational but competitive over long periods of time. Optimism’s design process is built around the idea of long-term sustainability and not taking shortcuts to scalability. At the end of the day, 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, a future where we get to redesign our relationships with the institutions that coordinate our lives.
Optimism is an “Optimistic Rollup,” which is basically just a fancy way of describing a blockchain that piggy-backs off of the security of another “parent” blockchain. Specifically, Optimistic Rollups take advantage of the consensus mechanism (like PoW or PoS) of their parent chain instead of providing their own. In Optimism’s case, this parent blockchain is Ethereum.
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