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.
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.
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?
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