![]() ![]() This allows Optimism to scale the network and rely on Ethereum's security and consensus model simultaneously. To scale Ethereum, Optimism uses rollup technology, a type of scaling solution that executes transactions outside Layer 1 on Optimism’s Layer 2 but posts transaction data on Ethereum’s Layer 1. OP, the native token of the Optimism ecosystem, allows holders to participate in The Optimism Collective governance system and powers project incentives, etc. As a result, Optimist offers such benefits as lower fees, and faster transactions, along with Ethereum's decentralization and security. ![]() During a transaction, Ethereum’s Layer 1 handles security, decentralization, and data availability, while Optimism’s Layer 2 handles scaling. Optimism offers a scalable solution to the Ethereum network, which enables high-speed and low-cost transactions on Ethereum without sacrificing decentralization and security.Īs a Layer 2 solution that runs on top of Ethereum, Optimism handles transactions off the Ethereum blockchain, helping decrease congestion and reduce gas fees. High demand for Ethereum has become the reason for challenges in scalability, such as high gas fees and slow transactions. supply, circulating supply, etc., and get updates on OP price in real-time on CoinStats, one of the best crypto platforms around.ĬoinStats is a cryptocurrency research and portfolio tracker app that provides investment advice and valuable cryptocurrency data to help investors make better decisions. OP is the protocol's native governance token.Ĭheck the Optimism current price, Optimism price history, Optimism crypto market cap, 24 hour trading volume, total supply, max. ![]() Optimism is a Layer 2 scaling solution for Ethereum that aims to make Ethereum transactions faster and cheaper without sacrificing decentralization and security. ![]()
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