Optimism, a 2021 Ethereum Layer 2 solution, excels in speed, cost-efficiency, and democratic governance with its OP token. More
| Fully Diluted Valuation | $3.08B |
|---|---|
| 24H Trading Volume | $157.23M |
| 24H Low / High | $0.71 / $ 0.73 |
| Circulating Supply | 1.75 B |
| Total Supply | 4.29 B |
| Max Supply | 4.29 B |
| Categories | Layer 2 (L2) 9 more |
|---|---|
| Founder | Jinglan Wang 2 more |
| Website | optimism.mirror.xyz 1 more |
| Socials | 2 more |
| Chains | Optimistic-ethereum Ecosystem |
| Explorer | Oklink 3 more |
| Contracts |
0x420....00042
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| Name | Pair | OG Score |
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In the dynamic world of blockchain technology, Optimism has emerged as a revolutionary force. Launched as a Layer 2 (L2) blockchain on Ethereum in 2021, Optimism has distinguished itself with its high-speed and low-cost operations, specifically designed to enhance the scalability and stability of Ethereum applications. By extending the existing Ethereum software and maintaining EVM-equivalence, Optimism ensures compatibility and cost-efficiency, making it an attractive platform for Ethereum developers.
At the core of Optimism's architecture are the Optimistic Rollups, a technology that enables transactions to be recorded trustlessly on this second-layer blockchain while securing them on Ethereum's first layer. This innovative approach significantly reduces transaction fees and accelerates processing speeds. A notable feature of Optimism is the CanonicalTransactionChain (CTC), a special smart contract on Ethereum, where all blocks are stored, forming an append-only list that comprises the Optimism blockchain.
The journey of Optimism, however, goes beyond mere technological advancements. At its heart lies the Optimism Collective, an ambitious experiment in digital democratic governance. Governed by the OP token, this collective is responsible for upgrades and setting network parameters, fostering an ecosystem of incentives for projects and users. Launched in May 2022, the OP token has become a cornerstone in this decentralized governance structure, actively contributing to the ecosystem's growth and sustainability.
Optimism's unique blend of simplicity, pragmatism, sustainability, and an optimistic outlook sets it apart in the blockchain space. It aims for minimal complexity while leveraging proven Ethereum infrastructure, thus embodying a practical and sustainable approach to blockchain scalability. As Optimism continues to evolve, with plans for sharded rollups and decentralization of block production, it stands as a testament to the possibilities of Layer 2 solutions in enhancing the Ethereum ecosystem.
Optimism (OP) stands out for its high-speed, low-cost operations, EVM-equivalence, and its innovative use of Optimistic Rollups technology, enhancing Ethereum's scalability and stability.
Optimism was founded by Jinglan Wang, Karl Floersch, and Kevin Ho.
Optimism's development and growth are overseen by the Optimism Foundation, which includes leaders like Eva Beylin, Abbey Titcomb, and Brian Avello, among others.
