Optimism, one of the most popular Ethereum layer-2 platforms, will release the Bedrock upgrade on June 6, 2023. Optimism Upgrading Via Bedrock In Early June The layer-2 provider on Ethereum says the release is “highly anticipated” by the community and will introduce some changes that make the protocol even more scalable, reducing transaction fees. As it is,…
Optimism (OP) is a layer 2 scaling solution that operates on top of the Ethereum mainnet, providing faster and cheaper transactions for Ethereum users. It was launched in 2020 and has quickly become one of the most popular scaling solutions for the Ethereum network. On June 6, Optimism released its much-anticipated Bedrock upgrade, which promised…
According to Token Unlocks, a platform that tracks upcoming unlocking events, 56% of all the OP token maximum supply is in the to-be-discussed (TBD) allocation, meaning the community is yet to vote and determine where these tokens will be assigned to in the coming weeks or months. This news is a curious development, especially for…
The Optimism native token OP is now in the line of fire with millions of tokens set to be released into circulation. This threatens the altcoin’s price which is already on a downward spiral after carrying out its 3rd airdrop. Optimism Set To Unlock 24 Million Tokens In the latest iteration of its token unlock…
Optimism (OP) is a Layer 2 network that solves Ethereum’s scalability issues, bringing low fees and faster transactions to users. Scalability and low gas fees have always been Ethereum’s major problems. This is because, amid the trilemma of crypto, where security, decentralization, and scalability are not equal, Ethereum chose more security than decentralization and more…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in…
Layer 2 (L2) scaling solution Optimism reported a series of strong network metrics in the first quarter (Q1) 2024, with its native OP token surging 9% on the back of this bullish momentum. Optimism Sees Higher Activity And Rising Transaction Fees According to a recent Messari report, Optimism’s circulating market cap increased 11% quarter-over-quarter (QoQ)…
In a major milestone for Ethereum and layer-2s, Optimism, a layer-2 scaling platform for the second most valuable network, has announced the activation of open source and permissionless fault proofs. Even though the platform manages over $7 billion of assets, according to L2Beat, Optimism, like most optimistic rollups, lacked a way of trustlessly verifying transactions.…
Optimism (OP) has grabbed investors’ attention in the last day following an intriguing positive price performance. Interestingly, OP’s market gain has occurred following a recent disclosure of certain security flaws associated with the popular layer-2 platform. OP Bounces Back Amidst Optimism Security Concerns On April 26, Offchain Labs, the initial developers of the prominent Ethereum…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms…