Optimism (OP): Project Review, Recent Developments, Future Events, Community
Layer 2 Ethereum scaling solution, Optimism, has seen a lot of positive sentiment following its announced launch of Drippie.
Drippie is a trust-minimized Ethereum-native conditional transaction system that will increase the efficiency of transactions on the network.
Curve Finance submitted a grant proposal to increase the liquidity and utility of the Optimism network.
The positive sentiments have caused a significant boost in the price of Optimism (OP), gaining more than 85% in the last week.
Project Review
Optimism is one of the leading Layer-2 scaling solutions for the Ethereum network. Optimism implements advanced data compression techniques called Optimistic rollups, to speed up and cut the costs of Ethereum transactions.
Optimism aims for the minimum number of moving parts while building a layer-two solution for Ethereum. By keeping the codes as simple as possible, Optimism improves the efficiency and speed of the Ethereum transactions.
Optimism is led by the Optimism Foundation and is governed by its eponymous token, or OP for short. OP tokens are used to vote on governance proposals on the network.
Social Media: Website | Twitter | Twitch | Discord | Github | Blog
Recent Developments and Future Events
Optimism recently published the launch of Drippie, a trust-minimized Ethereum-native conditional transaction system that allows users to execute transactions under certain conditions.
Drippie is a programmable Web2 service that can combine different triggers with actions. According to Optimism, Drippie aims to address automation problems with on-chain activity, increasing the performance of the Optimism blockchain.
In a July 24 update, Curve Finance submitted a grant proposal to increase the liquidity of the Optimism network with the aim of consequently affecting the network’s native Optimism (OP) token.
The proposal will see one million OP tokens worth roughly $1.56
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