Sunday, May 26, 2024

Explore Decentralized Apps on Optimism or Rather, Optimistic Ethereum

As per the official description of the project obtained from the website of Optimism, it is a Public Benefit Corporation, a for-profit corporation that is compelled to establish a balance between the financial interests of our stockholders with the best interests of our community, and society.

The team behind the project has taken a pledge to endorse the values of Ethereum by producing infrastructure that promotes the growth and sustainability of public goods.

In addition to writing softwares to scale Ethereum technology, the team is also scaling the values possessed by Ethereum by creating the rails for highly potential projects that are deprived of a business model to succeed.

It should be noted that the team is going to donate all the profits generated from running a centralized sequencer towards scaling and sustaining public goods until the project attains the status of completely decentralized.

What Are The Perks of Using Optimism?

Though like the Ethereum network, the Optimism network allows you to send transactions, there are two major advantages of carrying out transactions on the Optimism network.

  1. Instant Information on Transaction Status – While executing a transaction on the Optimism network, it is important to note that you will be able to know the status of the transaction that did it take place or not.
  2. Incredibly Lower Transaction Fees – Ethereum charges a really heavy amount of money as a fee to carry out transactions on the Ethereum network. However, on the other side, the Optimism network charges somewhere around 1%-10% of the overall cost on the Ethereum mainnet.

What adds more to the value of the Optimism network is that all the transactions carried out on this network are posted to L1 Ethereum, inheriting the strong security guarantees of Ethereum.

For all the developers out there, Optimism has brought a great opportunity. If you are ready to deploy, you must visit the official website of Optimism.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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