Optimism

Optimism serves as an extension to Ethereum, enhancing its capabilities by offering users and developers the advantages of Ethereum's robust security features while also delivering cost-effectiveness and faster transaction speeds. The OP token functions as a governance tool and can be traded on various platforms, including Coinbase and other exchanges.

Optimism stands as a rapid, dependable, and scalable Layer 2 (L2) solution designed by Ethereum developers, specifically tailored to cater to the needs of the Ethereum development community. By maintaining an architecture equivalent to Ethereum's Virtual Machine (EVM), Optimism ensures that the scaling of Ethereum applications is executed smoothly and predictably. The platform is committed to nurturing a sustainable ecosystem by retroactively funding public goods, thereby expanding Ethereum's current potential to financially support its future growth.

Optimism empowers users to carry out many of the same activities available on the Ethereum network but at approximately one-tenth of the cost. Similar to Ethereum, Optimism users can seamlessly engage with decentralized finance (DeFi) applications, and participate in activities such as trading, buying, collecting, and minting non-fungible tokens (NFTs), and more.