• 21 November, 2024

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.

Features
Top Token Unlocks This Week: ENA, PENDLE, 1INCH, PRIME, & OP

Top Token Unlocks This Week: ENA, PENDLE, 1INCH, PRIME, & OP

This week, several key cryptocurrencies are poised for significant token unlocks, which is a crucial event that can sway market

Markets
Ethereum Gets Stronger With Optimism’s ERC-7683 Adoption, Says Vitalik Buterin

Ethereum Gets Stronger With Optimism’s ERC-7683 Adoption, Says Vitalik Buterin

Ethereum is undergoing a significant transformation with updates poised to redefine its ecosystem. Central to this evolution is the adoption

Markets
Arbitrum, Optimism Lead Ethereum Rollups; ZK-EVM Rollups Next

Arbitrum, Optimism Lead Ethereum Rollups; ZK-EVM Rollups Next

Arbitrum and Optimism are leading the way as the first full-EVM rollups to achieve Stage 1, setting a high bar

Markets
Here’s Why Fetch.AI, SEI, and Optimism Are Poised for Major Gains

Here’s Why Fetch.AI, SEI, and Optimism Are Poised for Major Gains

Fetch.AI (FET) is making waves in the cryptocurrency market with a notable breakout as highlighted by World Of Charts, an

Features
Top Token Unlocks This Week: Watch ENA, OP, STRK, And RNDR

Top Token Unlocks This Week: Watch ENA, OP, STRK, And RNDR

Token unlocks are pivotal events in the cryptocurrency lifecycle, significantly impacting a token’s supply and demand dynamics. These events refer

Markets
Tokens To Watch: $175M Surge in Supply Spells Price Pressure for ARB, WLD, STRK

Tokens To Watch: $175M Surge in Supply Spells Price Pressure for ARB, WLD, STRK

The upcoming week promises significant movements in the crypto market with over $175 million worth of token unlocks on the

Features
Top Token Unlocks This Week: Key Token to Watch

Top Token Unlocks This Week: Key Token to Watch

Token unlocks are pivotal events in the cryptocurrency market, significantly impacting a token’s supply and demand dynamics. These scheduled releases,

Features
What Are Blockchain Rollups? Optimistic and ZK Rollups Explained in Detail

What Are Blockchain Rollups? Optimistic and ZK Rollups Explained in Detail

Blockchain has robust security measures, but they come at the cost of speed and transaction costs. Not all blockchains can

News
Base L2 Network Enters Top Three in TVL Rankings, Flips OP

Base L2 Network Enters Top Three in TVL Rankings, Flips OP

Base, a Layer 2 Ethereum network incubated at Coinbase, has recently surpassed OP Mainnet in total value locked (TVL). As

News
Layer2 Platforms Experience Significant Growth in April 2024: Report

Layer2 Platforms Experience Significant Growth in April 2024: Report

According to a report by Coin98 Analytics, April 2024 marked a period of substantial growth and shifting metrics in Layer2