2/19/2023 0 Comments Optimism cryptoWe do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. The information on this website is subject to change without notice. We do not give personalized investment advice or other financial advice. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. Along with ZK-Rollups, Optimistic Rollups found in projects like Optimism offer a way to use Ethereum at a higher speed and lower cost without sacrificing the Layer 1 network’s security. It achieves this by leveraging Optimistic Rollups, a form of cryptographic technology that bundles transactions together to reduce the traffic load on Ethereum mainnet. Optimism is one of several projects working to help Ethereum scale by building out the network’s Layer 2 ecosystem. So far, it’s yet to announce details of any further airdrops. While the team initially allocated 5% of the 4.29 billion supply to the first airdrop, it promised that there would be “an entire season of airdrops” dipping into a further 14% of the total supply. Optimism first introduced OP in April when it unveiled “the Optimism Collective.” It explained that the collective would be an “experiment in digital governance at scale” with OP serving as the Optimism community’s token for governing p rotocol upgrades, project incentives, and other aspects of the network. The Optimism team also surfaced on Twitter this afternoon to share a cryptic message with the community. Optimism (OP) is on a upward monthly trajectory as it has increased 25.6 from 0.938061 since 1 month (30 days) ago. With that, more users will be on the blockchain.Early hints of today’s launch first surfaced when Bybit, MEXC, and other exchanges announced plans to open OP spot trading imminently. OP to USD rate today is 1.18 and has increased 2.0 from 1.16 since yesterday. Optimism is also hoping that it can seduce more apps onto its chain due to its features. This means that users can compress as much data as possible and have a large and cheap data layer. Also, it is noteworthy that the data-infused determines the performance of Optimism on Layer 1. Apart from the price rally, the protocol also saw significant ecosystem updates during the week. Optimism will provide users with a faster transaction with cheap fees while providing Ethereum’s security. Several crypto assets post gains in the last few weeks, and OP, the native token of Optimism, the Layer-2 scaling solution, leads with a 94.92 spike in price in the last seven days. All these advantages and other features are why Optimism will help Ethereum achieve more scalability. Optimism is a chain for the future due to the so many advantages that abound on the network. Optimism supports wallets such as Coinbase, Metamask, Rainbow, and Token, among others. Also, Optimism has the same security and resistance that the Ethereum mainnet has. ![]() After the tokens are bridged on Optimism, users can make transactions just like they do on Ethereum. If you are looking to buy or sell Optimism, MEXC Global is currently the most active exchange. It has a circulating supply of 210 Million OP coins and a total supply of 4.29 Billion. OP price is down -0.2 in the last 24 hours. The bridging process is swift, and it takes about 5 minutes from start to finish. Optimism price today is 1.28 with a 24-hour trading volume of 223,014,847. ![]() ![]() Once the contract acknowledges the tokens that you sent in, your tokens will be bridged over. The next step requires you to choose your type of wallet and make your deposit. To bridge between both chains, a user needs to enter the gateway and connect his wallet. To bridge between Optimism and Ethereum, users can use the Optimism Gateway. This is because it uses the waiting period to verify transactions against fraud. However, all transfers from Optimism to Ethereum take up to 7 days. Optimism allows fast Layer 1 to Layer 2 transfers from Ethereum mainnet to Optimism.
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