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OP Labs, the company behind Optimism, has gotten some heat in the past about not having fraud proofs securing its mainnet, including from the CEO of Offchain Labs, Optimism’s competitor and the company behind the Arbitrum blockchain, who tweeted: “Without fraud proofs, Ethereum provides zero security.” Source
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“Projects can leverage improved throughput and significantly lower transaction costs, resulting in a superior user experience,” developers said in the release. “Furthermore, opBNB's enhanced scalability overcomes challenges previously faced by projects with high transaction volumes on BSC and enables them to thrive.” Source
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Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced transaction fees, provide greater network security and enhanced compatibility with Ethereum.The Optimism team stated via a May 15 Twitter thread that the network would
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The token was trading at $2.66 midday Wednesday, a 5% bump up from its 24 hour lows. Most of the Wednesday rally immediately preceded a16z's announcement at 10:49 am ET. OP had already rallied Tuesday on trader speculation of an a16z deal before giving back its gains – and then
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The tweet spurred speculation that the notable venture capital firm could launch its own Optimism-based layer 2 blockchain. A16Z Crypto’s CTO tweeted: “not an L2.” Source
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The price action of Optimism (OP) and Fantom (FTM) tokens have been quite identical since the last quarter of 2022. The difference is, volatility is slightly higher for OP, which surged 240% year-to-date, compared to the 180% gains seen in FTM.The Fantom Foundation has made several improvements since Q4 2022,
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Optimism and other layer 2 scaling systems such as Arbitrum are supposed to make transactions on the Ethereum blockchain cheaper and faster. After Ethereum completes its EIP-4844 upgrade, also called proto-danksharding, later this year, it will make transaction fees on layer 2s even “an order of magnitude cheaper,” Marc Arjoon,
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Ethereum co-founder Vitalik Buterin has shown support for Optimism’s new governance structure, noting that proposals such as using the OP token for gas fees shows “explicit representation of non-token-holder interests.”The Ethereum layer-2 scaling solution deployed the first round of its long-awaited OP token airdrop on Wednesday as part of its
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“At 11am (EST) we deployed and loaded our [smart contract] with the OP tokens for Drop #1,” Optimism tweeted in the wake of the airdrop. “Our biggest mistake here was failing to make this contract pausable. Claims were open, and we had no way to stop them.” Source
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Decentralized exchange aggregator 1inch has announced its deployment on the Optimistic Ethereum, or OE, mainnet, highlighting a considerable reduction in user transaction fees and confirmation delays.Sergej Kunz, co-founder of the 1inch Network stated “the 1inch launch on Optimistic will facilitate a dramatic increase in transaction speed."While deposits utilizing the OE
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