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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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Arbitrum and Optimism: Layer-2 solutions picking up traction

Mar 21, 2023

Arbitrum just launched the ARB token with a long-awaited airdrop. Many traders were active on the platform just to be qualified to receive the tokens. This raises the question of whether the recent success of Arbitrum is a product of airdrop hunters searching for another opportunity or if this represents the organic growth of the platform. Layer-2 networks are believed to solve many problems blockchain technology is still facing today.

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