What is Optimism (OP): Guide to One of Ethereum’s Layer-Two Scaling Solutions
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Summary:Optimism is one of Ethereum’s most popular layer-two scaling solutions. Here’s a closer look at how it works.

Generally speaking, the digital money market has become more and more popular in recent years. This carries the development and release of more than one hundred (if not one thousand) decentralized application processes (dApps) in all walks of life, such as DeFi, mobile games, learning and training, trading, investment, etc.

There are many reasons, including but not limited to the massive bull market in 2021The popularity of irreplaceable tokens and memes. This also makes hundreds of thousands of customers flock to the next development trend.

However, the cycle time is different from the previous one. This time, we also see that ordinary users use ease of use on the chain and interact with various dApps (such as Uniswap, OpenSea, etc.). Although this will cause great harm to the valuation of fast-growing companies in the industry, it also reflects some key issues.

The blockchain like Ethereum, where the main market share of dApp theme activities is generated, has many difficulties in affordability, scalability and even accessibility. The first-tier alternative like Solana has proved to be unreasonable in dealing with a large number of user requirements.

This raises a topic that has been hotly discussed in the digital currency industry for many years - maintainability. Today, it is particularly important to expand the solutions for the future development of the field, and projects such as optimism have become practical.

As one of the most popular Ethereum expansion solutions, Optimism is committed to dealing with some potential problems of the Internet, and is particularly concerned about expansion.

Brief objective facts about optimism

  • The main online line of optimism will be released in December 2021
  • Optimism launched its original ecological token (OP) on May 31, 2022.
  • A total of 231000 detailed addresses have the right to apply for 214 million OP dynamic passwords.

Quick navigation

  • What is optimism?
  • How does optimism work?
  • How to bridge network resources in the middle of the layer
  • Rectification: Optimistic Entity Model
  • OP Token Details

What is optimism?

Optimism is an Ethereum expansion solution. In essence, its purpose is to assist the safe operation of the main Internet according to the burden of some transaction management. Technically, optimism is a "positive and optimistic summary". It is important to master the efficacy of consolidation before deep diving.

What is induction?

Induction is one of the various amplification solutions aimed at helping Ethereum complete higher trading freight volume.

Ethereum Charity FoundationThey explained that they "implement transaction management outside the first level, and then publish the data to the agreed level."

The key benefit of this is that it reduces the load on the main Internet and also uses its local security factor to ensure the information content of radio programs.

There are two main types of induction, which are mainly distinguished according to their security models:

  • Zero knowledge (ZK) induction– This process is measured outside the chain, and then submitted to the chain for effectiveness verification.
  • Kailang Summary– This hypothetical transaction is useful under the default setting. It can only be calculated by fraud verification when it is tested.

Optimism belongs to the second category. As you may have guessed, its parent chain is Ethereum.

How does optimism work?

One big idea that makes optimism interesting to most people is optimism induction. The following should be a brief description of the basic concepts of the definition.

However, its TLDR is another way to enable blockchain. It is committed to using another Internet security as the parent Internet.

Data information block storage

All blocks on Optimism are stored in a special blockchain smart contract built on EthereumArtillery trading chain– CTC makes it easier. These people get help on a page inside the Anti-Terrorism Federation, which is only attached.

CTC includes codes to ensure that the current block directory is not changed by the updated trading center on Ethereum. If Ethereum Internet carries out its own reorg, and the order changes, this kind of guarantee may be removed.

Block production and manufacturing

The "sequencer" should manage the single party of method block manufacturing on Optimism. It mainly assists the Internet by providing the following functions:

  • Real-time transaction confirmation and status update;
  • Build and execute the second layer control module;
  • Commit user transaction management to the first level.

There is no memory pool, which means accepting (or rejecting) transaction management immediately. This also happens according to the receiving order. When someone else pushes a transaction, the sequencer will check whether it is valid (the cost of sufficient payment) and use it as a waiting block for processing in the local state. Subsequently, the blocks waiting to be processed are edited in batches and regularly submitted to the Internet of Ethereum for final decision.

The main objective of this batch order is to reduce the overall transaction handling fee by sharing some total costs in all transactions in a separate batch order. Naturally, the cost may vary due to the network load when transaction management is sent to the sequencer.

Block implementation

It is important to master the Ethereum connection point to download blocks from Ethereum's peer-to-peer network for free. On the other hand, the Optimism connection point directly adds only the contract download block at CTC.

There are two key components that make up the Optimism connection point. These are Ethereum data information indexer and Optimism client mobile software.

  • Ethereum data information indexer

It is committed to re-establish the Kailang blockchain from the blocks shared to CTC contracts. It is also calledTransport data layer.

  • Optimism client mobile software

This is very similar to Geth, which means that optimist's overall shape design is very close to Ethereum. This is also because Optimism shares the same Ethereum vm virtual machine (EVM), its same account and mentality structure, natural gas metering system and charging standard schedule.

Common fault prevention measures

The application of open-minded induction represents that China's service commitment is shared to the Internet of Ethereum in an immediate manner, without requiring the verification of the effectiveness of such service commitment. When the situation service commitment is questioned, it is necessary to provide common fault confirmation. If successful, it will be cleared and finally replaced by another one.

thisfileBrings a more in-depth and technical explanation of the technical terms and the whole process

How to bridge network resources in the middle of the layer

For the second layer expansion solution of Optimism, it is obviously particularly important to exchange property between different layers.

It can be realized in many forms. First, you can jump to the official website and apply the bridge given there. You must have a Web3 wallet, such as MetaMask.

From there, you must select the Internet to bridge the dynamic password. This encouraged directory:

There are also choices from centralized transaction centers, but the most important thing is to note that this is achieved according to Optimism's simple connection service providers - which means that you do not agree. You should act cautiously and after thorough financial due diligence.

Gradually from there, the process is very simple, because all you need to do is to determine the amount and sign a deal in the wallet.

Bridging mode propertyFromOptimism has two options. You can use a third-party wireless bridge or an official website bridge. The following is an example of the latter, but remember that it takes seven days to go from optimism to Ethereum.

You can convert the above transaction management by clicking the arrow symbol between the value boxes. If you have not imported Optimism into MetaMask, it will also be solved for you. From there, you just need to determine the amount and sign the deal:

Rectification: Optimistic Entity Model

The original digital currency of Optimism ecosystem is OP token.

Optimism is managed by so-called optimism groups. According to the official website, the group is:

"... a group of enterprises, community and street citizens work together to reward public goods for the sustainable development of Ethereum's infrastructure."

In other words, the governance of the optimist group itself will consist of two separate organizations: dynamic password organization and citizen organization. We need to dissolve it.

Dynamic password house

The release of OP token and token house opened the beginning of optimism rectification. The OP itself was sent to hundreds of thousands of detailed addresses, which participated in the personal behavior facing the street according to the first airdrop of materials (to be explained later)

At any time, the members of Tokenhouse will focus on the resolution, submission and online voting of various proposals. Therefore, the OP holder can vote directly online, and can also choose to delegate the voting right to a third party.

In essence, the token trading center votes on the following kinds of proposals:

  • Plan scheme u level
  • Inflation regulation
  • Financial subsidies
  • Maintenance of control
  • Renovation stock fund gift fee

Citizen family

At the key point, Citizen's Home is an experimental trial of a non-consortium governance mechanism. It undertakes to trace public goods assets.

The next point, OP dynamic password, is introduced in detail above.

OP Token Details

OP tokens were launched by air-dropped materials and distributed 5% of the total supply.

In other words, qualified customers include:

  • DAO Elector
  • Multi-signer
  • Repeatedly improve customers
  • Gitrcoin donor

If you doubt your qualifications, you can check all relevant wallet in the media claim page.

Many people question whether there are new air-dropped materials. The short answer is - yes. The team has determined that 19% of the total supply will be allocated. The following are the overall characteristics of OP:

For a more comprehensive understanding of the social economics behind the optimistic ecosystem, please visit the official website as soon as possible.

result

Optimism has quickly become one of the most popular solutions for Ethereum expansion. Recently, the Optimism Charity Foundation released a proposal to upgrade the Optimism main online line to Bedlock, which is the inductive architecture design of the new generation blockchain technology developed and designed by the Optimism Laboratory. When talking about this, the elite team said:

"I always believe that the post-bedroom experience will make positive changes to real estate developers in the Optimism ecosystem, and all partners have been satisfied with the update. We are committed to making this update successful, and look forward to seeing the conclusion in the near future months and years."

With the smooth progress of the battle between open-minded shooting and ZK lay-up, it is very interesting to supervise the performance of different types of second-tier football teams in the next few years.

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