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optimism

optimism

ethereum based decentralized infrastructure platform

  • DeFi
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Company Info

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

  • 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).

It is said to have 6 investors out of which Cynegetic Investment Management and Nascent are the most recent ones. Optimism has raised a total funding of $178.5M over four rounds, and the latest funding was raised on November 30, 2022.

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. 

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HeadquartersUnited States
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