Optimism Network Review: A Layer-2 Protocol on Ethereum
Optimism (OP) is a Layer2 protocol built on the Ethereum blockchain. It was designed to solve ...
Tag: Optimism (OP) News
Optimism (OP) is a cutting-edge layer 2 scaling solution for the Ethereum blockchain. It was designed to enhance speed, reduce costs, and improve overall experience while maintaining the network’s security. Optimism utilizes Optimistic Rollups to perform thousands of transactions per second. Optimism PBC launched OP in March 2021.
Optimistic Rollups is a method that aggregates multiple transactions into a single batch and process them off-chain thereby reducing the load on the main chain. This reduces the gas cost and increases transaction efficiency. It relies on a fraud-proof system where transactions are assumed to be valid unless proven otherwise.
For the latest updates on Optimsm, read from CryptoTale.
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