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What is Optimism?

Optimism (OP) is a layer 2 scaling solution for Ethereum. The platform aims to enable low-cost and near-instant Ethereum transactions. The special sauce to Optimism’s scaling methodology is in its name. It uses a technique called "optimistic rollups", whereby multiple transactions are ‘rolled up’ into one transaction, settled on another blockchain, with receipts fed back to the main Ethereum network. You can safely and reliably buy and sell “OP” at LiteBit.

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OpenSea adds support for Optimism

Sep 29, 2022

OpenSea is the worlds market leading place to trade NFTs and its service is expanding slowly but steadily. Earlier this year the support for Solana NFTs was added to the platform which has become an important milestone. Competitor MagicEden sees a lot of trading volume which is at times even higher than the daily volume on OpenSea. This fact revealed that Solana-based NFTs are in fact an important economic factor to both its blockchain and marketplaces like OpenSea. What is Optimism and what makes it important for Ethereum and the NFT space?

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