In other words, the system lets users conduct transactions when certain conditions are met, enhancing the efficiency of the blockchain. Last week, OP Labs also introduced its Drippie transaction system, “an Ethereum-native, trust-minimized conditional transaction mechanism” that aims to address the automation issues associated with on-chain activities.Īccording to OP Labs, “Drippie is basically an Ethereum-native version of If This Then That (IFTTT), a programmable Web2 service that can combine various triggers ('Kelvin sent a tweet') with actions ('email me the tweet')."
Optimism crypto code#
Other improvements in the pipeline include optimized code that will allow nodes to sync 50 times faster, a 20% cut in the cost of data submission to layer 1 by roughly 20%, as well as support for several alternative proof systems, including the rival architecture called ZK-rollups.
If you are looking to buy or sell Optimism, MEXC Global is currently the most active exchange. It has a circulating supply of 210 Million OP coins and a total supply of 4.29 Billion. OP price is down -0.2 in the last 24 hours. Optimism is a new Public Benefit Corporation that builds on. Optimism price today is 1.28 with a 24-hour trading volume of 223,014,847. Therefore, gas fees are paid in Optimistic ETH. The Plasma Group was a not for profit research group focussing on layer-2 scaling on Ethereum. Optimism price today is 1.28 with a 24-hour trading volume of 206,844,511. It promises a four-fold reduction in the time of deposits from layer 1 to layer 2-quite a significant achievement, if realized, given it can take up to seven days for the current Optimistic design to settle the dispute period within the validity of a transaction can be challenged. Just like every network, Optimistic Ethereum charges gas fees on transactions.
Optimism crypto upgrade#
The Bedrock upgrade was first announced in May this year, and is described as “the cheapest, fastest, and most advanced rollup architecture” that ever existed. It will lay the protocol's foundation for years to come and serve as THE model for rollup architecture. Optimism is a low-cost and lightning-fast Ethereum layer-2 blockchain. Nevertheless, the token has much upside potential if early demand can meet the release schedule through an incentives structure produced by its ecosystem.Optimism Bedrock is coming soon™️, and when it does it will change the rollup game forever. Current Optimism Value is 1.18 with Market Capitalization of 253.92M. This OP price prediction is based on several data sets and predictive modelling which assumes the current long term trend driving the price of OP continues. In addition to being cheaper to use than Ethereum, Optimistic is quickly becoming one of the most popular layer 2 protocols. That's roughly 17.5% inflation annually, but a large portion of that supply will likely never hit the exchanges. From 2023 to 2025 we think the price of OP to visit the 25.00 100 USD area as the Team continues to develop their products and those products receive adoption from the target audience. Optimism is a Layer 2 Optimistic Rollup network designed to utilize the strong security guarantees of Ethereum while reducing its cost and latency. Optimistic rollups, which will enable you to package massive amounts of transaction data into digestible batches, will allow you to use it. $541m).Īlthough gradually released, the token supply will grow from 30% to 100% in 4 years. In comparison, the NEAR Protocol (NEAR) has an FDV of 5.7B and nearly identical Total Value Locked. Optimistic Ethereum is an EVM compatible rollup chain designed to be fast, simple, and secure, and allows users to interact with any Ethereum application at a. The lowest price since it's ATH was 1.093630 (cycle low). Optimism reached its highest price on when it was trading at its all-time high of 2.21. The OP price decreased -4.72 in the last 24 hours. One concerning aspect is the high fully diluted valuation (FDV) of 7.9B at current prices. Optimism price today is 1.120121 with a 24-hour trading volume of 124.55M, market cap of 0.00, and market dominance of 0.00. Not including early VC token selling rounds will eliminate large amounts of sell pressure in the future. The basic tokenomics of OP are “A grade” compared to competitors. The low percentage of tokens on the market will translate into high price volatility, especially if the market begins to FOMO early on. Only 5.85% of OP tokens are in circulation.
Optimism crypto series#
No significant cliffs (Chart above)Īirdrops (OP token releases) awarded to network participants/protocols Optimism, a startup focused on the scalability of the Ethereum blockchain network, has raised a 25 million Series A funding round led by Andreessen. Unlike many recent token releases, OP had no venture capital rounds, meaning no entities purchasing tokens pennies on the dollar. There's a lot to like about OP tokenomics: No, unfortunately I did not receive the airdrop.Įstimated Circulating supply after Airdrop 1: 251M (5.85%)ģ0% unlocked -> 100% in four years.
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