![]() The protocol isn’t the only scaling solution to use optimistic rollups. Tap on it to see the scroll-down options where multiple EVM blockchains are displayed. The Ethereum network is fit to burst, and until upgrades to the main blockchain save the day, scaling solutions like Optimism allow Ethereum’s decentralized finance industry to grow and remain usable by those who can’t afford its high transaction fees.As Optimism continues its steady growth, so does the amount of data. ![]() The crypto strategist says that after the altcoin’s major rally over the past few weeks, he plans to short OP to hedge against his other more aggressive crypto investments. The team behind scaling solution Optimism Ethereum has announced a new token called OP and an airdrop for Optimism. Optimistic Ethereum is an extension to Ethereum that scales both its technology and. A huge benefit of developing on Optimism is that most tools that work on Ethereum will also work on Optimism, with little-to-no code changes. Last is Optimism ( OP ), a layer-2 scaling solution for Ethereum. As such, internally, Optimism is very similar to Ethereum, allowing shared EVM, identical accounting structures, gas metering, and more. Click on the top icon and click on Ethereum Mainnet. Ethereum is trading for 1,731 at time of writing.Here's how you can add Optimism to your MetaMask wallet. Indeed, this is why adding Optimism to MetaMask is slightly different than adding a new cryptocurrency or custom token to MetaMask. How To Add Optimism To MetaMask?Īpart from transferring funds from OpenSea to Metamask, the Ethereum-based crypto wallet can facilitate diverse transfers and movement of funds across all central blockchains. Here's how a user can add Optimism to the MetaMask wallet. Users can acquire these tokens to participate in the firm's core decision-making protocols as well as earn attractive project incentives.Īlong with that, users can also move these funds across leading blockchains with the help of Optimism-MetaMask support. Refer to the FAQs for more details, including how you can contribute code to improve the Optimistic Ethereum project. Withdrawals require a wait time of one week. ![]() ![]() Over the past week, trading volume for the cryptocurrency asset grew by 109% on the charts.The Ethereum Layer-2 network Optimism has recently launched its highly anticipated Optimism Airdrop, enabling users to claim free OP tokens. These are early days in the life of the protocol. To celebrate our Ethereum roots, we also want to welcome active L1 participants who can help scale Ethereum’s innovations, culture, and values to Layer 2. Therefore, gas fees are paid in Optimistic ETH. The Optimism Foundation’s Airdrop 1 rewards those who have been instrumental as early adopters and active users of projects in the Optimism ecosystem. Also, its nodes would continue to “read data from the post-Merge chain.” OP-timistic investorsĪt the time of writing, 1 OP token was obtainable for $1.37. Just like every network, Optimistic Ethereum charges gas fees on transactions. In a Twitter thread shared on 8 September, Optimism confirmed that the transition of the Ethereum Network to a PoS consensus mechanism would not affect its operations, and deposits & withdrawals on the network will continue to “work as usual.” It further added that upon the completion of the merge, its transaction data and state roots would be posted to the PoS chain. It’s behind Arbitrum with a total value locked of $1.60 billion. In fact, according to CoinMarketCap, the price of the Layer 2 (L2) token rallied by 16% over the last seven days.ĭesigned as an optimistic rollup network to enhance the scalability of the Ethereum Chain, Optimism ranks second as the most used L2 solution provider. An optimistic rollup is an approach to scaling Ethereum that involves moving computation and state storage off-chain. Optimism’s OP was not left behind as the rest of the market registered double-digit price upticks over the past week.
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