PROJECT Optimism is a Layer 2 scaling solution for Ethereum that aims to enhance transaction throughput while reducing costs. It utilizes Optimistic Rollups to execute transactions outside the Ethereum mainnet while still leveraging its security. This method allows for faster and cheaper transactions, addressing Ethereum’s scalability issues without compromising on security.

TEAM The Optimism team is composed of experienced developers and researchers specializing in blockchain technology. Their goal is to improve Ethereum’s scalability and user experience. The team is known for its contributions to Ethereum’s development community and its commitment to a more efficient blockchain ecosystem.

USECASES Optimism is primarily used to scale Ethereum applications, notably DeFi protocols, NFT platforms, and gaming applications. By enabling faster transaction speeds and lower fees, Optimism facilitates greater user adoption and smoother operations for complex smart contracts and applications that require high transaction throughput.

MARKETCAP 2.2 BILLION

IN SPHERE 42 (DONATION BY PATREONS)

WEBSITE https://www.optimism.io