Optimism
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Information about Optimism (OP)
Optimism is a low-cost and lightning-fast Ethereum L2 blockchain. Optimism was born to solve one of the most challenging problems with the current Ethereum network: scalability and gas fees are too expensive for the average user. When the network is congested, gas fees will be pushed up to be able to write transactions to blocks.
In contrast, Optimism works in the form of Optimism Rollup, transactions are processed off-chain on Optimism, and the system will push data to Ethereum to check validity. In this way, Optimism supports processing for the Ethereum network and saves time, performance, and price for the end-user. And since transaction data is still pushed to Ethereum, the Optimism solution doesn't compromise on decentralization or security.
OP is a native token of the Optimism ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Vote for important project decisions
- Sponsor projects on Optimism
Specifications
- Name: Optimism Token
- Symbol: OP
- Platform: Ethereum
- Standard: ERC20
- Type: Governance Token
- Smart Contract Address: 0x4200000000000000000000000000000000000042
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