What Is Optimism (OP)? Complete Guide & Review About Optimism

What Is Optimism (OP)? Complete Guide & Review About Optimism

What Is Optimism (OP)?

Optimism (OP) is a cryptocurrency . It has a current supply of 4,294,967,296 with 0 in circulation. The last known price of This is 1.69460998 USD and is down -62.91 over the last 24 hours. It is currently trading on 13 active market(s) with $224,247,476.93 traded over the last 24 hours.

The Optimism Coin Foundation is a nonprofit organization dedicated to growing the Collective. Not only are they writing software that scales Ethereum technology, they are also scaling Ethereum values by creating the rails for highly impactful projects that don’t have a business model to succeed.

Coin BasicInformation
Coin NameOptimism
Short NameOP
Circulating SupplyN/A
Total Supply4,294,967,296
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

OP Price Live Data

The live Optimism price today is $1.62 USD with a 24-hour trading volume of $222,998,422 USD. They update OP to USD price in real-time. This is down 64.54% in the last 24 hours. The current CoinMarketCap ranking is #2809, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy Optimism Coin at the current rate, the top cryptocurrency exchanges for trading in stock are currently OKX, Bybit, MEXC, BingX, and KuCoin. You can find others listed on crypto exchanges page.

Open source, secure, permissionless, and decentralized.

That’s what a blockchain needs to survive. Very few of them check all these boxes. Ethereum is one of them. A strong foundation determines the long-term success of any endeavor. Join a thriving digital metropolis of decentralized applications that’s here to stay.

How Optimism Works

Design philosophy

Optimism is built according to a strong design philosophy that stands on four main pillars: simplicity, pragmatism, sustainability, and, of course, It’s important to understand these pillars as they heavily influence the design of as a whole.

Simplicity

Optimism Coin is designed to be as simple as possible for the feature set it provides. Ideally, The should be composed of the minimum number of moving parts required for a secure, scalable, and flexible L2 system. This simplicity gives the design a number of significant advantages over other more complex L2 constructions.

Simplicity reduces engineering overhead, which in turn means they can spend time working on new features instead of re-creating existing ones. The prefers to use existing battle-tested Ethereum code and infrastructure where possible. The most visible example of this philosophy in practice is the choice to use Geth as client software.

Pragmatism

For all its idealism, the design process behind Optimism is ultimately driven by pragmatism. The core The team has real-world constraints, the projects that build on They have real-world needs, and the users that engage with have real-world problems. The design philosophy prioritizes user and developer needs over theoretical perfection. Sometimes the best solution isn’t the prettiest one.

Optimism Coin is also developed with the understanding that any core team will have limited areas of expertise. This is developed iteratively and strives to continously pull feedback from users. Many core The features today (like EVM Equivalence (opens new window)) were only made possible by this iterative approach to protocol development.

Sustaina

Optimism is in it for the long haul. Application developers need assurance that the platform they’re building on will remain not only operational but competitive over long periods of time. The design process is built around the idea of long-term sustainability and not taking shortcuts to scalability. At the end of the day, a scalable system means nothing without the ecosystem that sustains it.

Sustainability actively influences The protocol design in ways that go hand-in-hand with philosophy of simplicity. The more complex a codebase, the more difficult it is for people outside of the core development team to actively contribute. By keeping codebase simple we’re able to build a bigger community of contributors who can help maintain the protocol long-term.

The L2 with the best UX and DevX, hands down.

The addresses the practical needs of developers and users. It works great now, and it’s only getting better.

Simple and elegant

As few lines of code as possible separate They from Ethereum’s battle-tested infrastructure. Build your app on the L2 that doesn’t quit.

Click and deploy

This is equivalent with the Ethereum Virtual Machine, not just compatible. This means all Ethereum apps and tooling just work.

A community of builders

Hop in the Discord and get all the technical support you need from the Support Nerds or find teammates for your next big project.

Bug Bounty

Optimism is a Layer 2 Rollup network designed to utilize the strong security guarantees of Ethereum while reducing its cost and latency. This is EVM equivalent, making the transition from L1 to L2 as seamless as possible. This means one-click deployments and full compatibility with most of the tooling Ethereum developers are accustomed to. It also means that with very few exceptions, existing Solidity smart contracts can run on exactly how they run on Ethereum.

PR & Marketing Support

This is the form to apply for PR & Marketing support from Optimism Coin. Please note they cannot guarantee you will receive marketing support, but they do the best to help amplify everyone they can.

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