optimism

Optimism is an Ethereum-supported Layer 2 solution that holds the capability to solve Ethereum's flexibility issues while working similarly to Ethereum Blockchain.

Company Details

• Founders: Jinglan Wang, Karl Floersch, Kevin Ho
• Founded: 2019
• Headquarters: New York, United States

Key Features:

• It is created to improve the transaction speed and reduce costs while taking care of the security and decentralization of the Ethereum Network. 
• Transactions on Optimism are much more cost-effective than those on the Ethereum mainnet.
• Its native token is OP used for transaction and governance within the ecosystem.
• Offers cross-chain asset transfers for bridging of assets between Layer 1 (Ethereum) and Layer 2 (Optimism).

FAQs

1. Is Optimism secure?

Yes, it is considered safe because it relies on Ethereum's Layer 1 security for finalizing transactions. 

2. What dApps are supported by Optimism?

Uniswap, 1inch, Aave, and Synthetix.