Hassan Maishera
On Wednesday, the Optimism team announced via a blog post that Ink, an L2 built on the OP Stack, is upgrading to OP Enterprise Fully Managed, run by the team that built the protocol. Cutover lands in August. Chain ID, code, and the Ink application surface, including Tydro and Nado, all stay the same.
The Policy Engine, live on OP Mainnet today, lets the chain operator define the rules for how each block gets constructed. Whose transactions land first. What gets reserved space. Which addresses get priority.
Optimism’s main utility is to batch transactions on the Optimism network. Optimism allows users to enjoy lower gas fees on their transactions executed on the Optimism network through optimistic roll-up technology.
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum, with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain to their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.
OP is trading at $0.1085, up 7.1% in the last 24 hours.
