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logoOptimismOP Price#86
$0.57
Created with Pixso.6.57%
DescriptionOptimism stands as a prominent Layer 2 scaling solution built to enhance the efficiency and accessibility of the Ethereum blockchain. Utilizing Optimistic Rollups technology, Optimism processes transactions off the main Ethereum chain, bundling them into batches before submitting a compressed summary back to Layer 1. This innovative approach significantly reduces transaction fees, often referred to as gas fees, and dramatically increases transaction throughput, enabling the Ethereum network to handle a far greater volume of activity without compromising decentralization or security. The core principle behind Optimistic Rollups is that transactions are assumed to be valid by default, and a fraud proof window allows participants to challenge and verify any potentially incorrect transactions. This design provides a secure and efficient way to scale Ethereum for a wide range of decentralized applications. The OP token is integral to the Optimism ecosystem, primarily serving as the governance token for the Optimism Collective. Holders of OP have the power to vote on critical network parameters, allocate ecosystem funding, and influence the future direction of the protocol, fostering a truly decentralized and community-driven development environment. Beyond its role in governance, Optimism is also a driving force behind the OP Stack, a modular framework designed to simplify the creation of new Layer 2 blockchains. This modularity empowers developers to build custom rollup chains tailored to specific needs, contributing to a superchain vision where multiple Layer 2s are seamlessly interconnected. Optimism continues to attract a vibrant ecosystem of decentralized applications, DeFi protocols, and NFT projects, all benefiting from its scalable and cost-effective infrastructure. Its commitment to Ethereum's values, including open-source development and public goods funding, positions Optimism as a leading innovator in the ongoing quest for blockchain scalability.
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fireTokenomics
boltBlockchain Info
miningMining Info
githubGitHub Info
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Detailed Analytics

fireTokenomics
Total Supply4,294,967,296 OP
Max Supply4,294,967,296 OP
Circulating Supply4,294,967,296 OP
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boltBlockchain Info
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