Optimistic rollups are a type of rollup that ‘optimistically’ assumes all transactions in the rollup are valid. The lessons learned will be synthesized in the protocol's next major milestone: what we’re referring to for now as ‘OP 1.0’. We've picked up a ton from our time spent designing, building, and operating an optimistic rollup. The special sauce to Optimism’s scaling methodology is in its name: it uses a technique called optimistic rollups, whereby multiple transactions are ‘rolled up’ into one transaction, settled on another blockchain, with receipts fed back to the main Ethereum blockchain. Optimism speeds up Ethereum transactions and cuts their costs by settling them on another blockchain using advanced data compression techniques. While the Ethereum fraternity waits for the roll-out of planned upgrades to the network that will address these issues, scaling solutions have emerged to make Ethereum transactions faster and cheaper. It uses optimistic rollups to process transactions in batches, reducing gas fees.Įthereum has grown to become the second largest cryptocurrency by market capitalization, thanks largely to its support for smart contracts-which underpins a growing ecosystem of decentralized applications ( dapps) and decentralized finance ( DeFi) platforms.īut it suffers from a problem: it’s slow and expensive to use, thanks to persistently high transaction fees.Optimism is an scaling solution for the Ethereum blockchain.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |