![]() Optimism (OP) is a layer-two scaling solution blockchain built on top of Ethereum. Very high- Leverages the security of the Ethereum network along with self-built security protocols. Optimism Summary:Īverage gas fee: $0.08 (lowers Ethereum Gas fees by 70x on average) So, with Optimism providing a much-needed solution to Ethereum’s woes, can it provide any optimism about the future of Eth? Let’s find out. Ethereum’s troubles have led to the need for layer two scaling solutions and sidechains like Arbitrum, Polygon, and Optimism, which we will be reviewing today. We all know that Ethereum has a lot of issues that need to be worked out, leaving many to believe it is only a matter of time before an “Ethereum killer” will come along with better, faster, and cheaper tech, causing Ethereum to go the way of the dinosaur. So yes, I love Ethereum.īut… Then I go to move my ERC-20 assets, withdraw them from an exchange to keep them safe in my hardware wallet, or get nightmarish flashbacks from thinking about the insanely high gas fees during the 2021 bull run, the slow confirmation times, and the oh, so dreaded, “stuck” transactions, then I hate the network and wish another protocol like Cardano, NEAR, or Avalanche were in Ethereum’s spot instead. As my bio states, I feel that Bitcoin and projects like Ethereum are humanity’s best chance at escaping a future that is starting to look more and more Orwellian by the year. I don’t know if there has ever been more of a polarizing love/hate relationship with anything in history than there is with Ethereum.Įvery time I think about Ethereum, the potential, the future, the incredible projects building on it, and how the future of global infrastructure and freedom through decentralization is being built on it, I can’t help but feel all warm and fuzzy.
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