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.
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?
Jun 13, 2022
Optimism is one of the most promising solutions to the pending problem of Ethereum scalability. Its protocol allows so-called optimistic roll-ups that scale on a second layer by bundling transactions and passing on mere receipts rather than waiting for confirmations on the blockchain. Given the growth of the Ethereum DeFi ecosystem Optimism is just what is needed to finally scale and lay out the foundation for mass adoption. Optimism had to face a lot of struggles in the past weeks and part of it has been resolved. Why did the team lose 20 million OP tokens and how were they returned?
Jun 01, 2022
Ethereum still has a hard time scaling. More dApps and more users are competing and this does not only increase transaction costs but also the time to execute transfers on the blockchain. Ethereum has become the second-largest blockchain after Bitcoin and is the market leader in terms of total value locked on its chain.