Optimism (OP)

What is Optimism

Optimism is a network and platform that aims to improve the scalability and efficiency of blockchain technology. It is built on the Ethereum blockchain and utilizes a layer 2 scaling solution called Optimistic Rollups.

The goal of Optimism is to enable faster and cheaper transactions while maintaining the security and decentralization of the underlying blockchain. The Optimism team has been actively working on developing and improving their technology to make blockchain more accessible and user-friendly.

Optimism is unique compared to other cryptocurrencies because it is a Layer 2 scaling solution for Ethereum. It aims to address the scalability issues of the Ethereum network by using a technique called Optimistic Rollups. This allows for faster and cheaper transactions, as well as increased scalability, while still leveraging the security of the Ethereum mainnet. Additionally, Optimism has achieved significant milestones, such as over $1 billion in gas saved by users and the deployment of thousands of contracts. It also distinguishes itself by using the name "Optimism" to refer to its network, distinguishing it from other projects.