Optimism is a Layer 2 scaling solution for Ethereum that utilizes Optimistic Rollups to drastically improve transaction throughput while reducing costs. Optimism is designed to be fully compatible with Ethereum, allowing developers to deploy existing Ethereum applications without significant modifications.

Optimism operates under the principle of “optimistic execution,” where transactions are assumed to be valid by default and only fully verified if a challenge is raised. This method greatly accelerates transaction processing times and lowers gas fees.

Scalability and Cost-Efficiency: Optimism enhances Ethereum’s scalability by handling transactions off-chain while maintaining the security and decentralization of the main Ethereum network. It reduces the overall transaction costs, making it more accessible for users and developers.

Ethereum Compatibility: Being fully compatible with Ethereum, Optimism allows for seamless migration of dApps and smart contracts, utilizing the same tools and programming languages used on Ethereum.

Community-Driven Governance: Optimism actively supports a community-driven approach to its governance and development, promoting a decentralized and inclusive platform ecosystem.

Data Catalog