#What is the Optimism Superchain?

[empresa-journal]

Is Optimism (OP) worth $1.31?

Interest in Optimism (OP) is high. For example, both CoinGecko and CoinMarketCap gave OP a $1.31 on 21 September 2023. Optimism was CoinMarketCap’s 13th most trending cryptocurrency on 20 September 2023. Conversely, Optimism was CoinGecko’s seventh most trending cryptocurrency on the same day. Moreover, CoinGecko named Optimism the 42ndlargest cryptocurrency, while CoinMarketCap labeled OP the…

[market-news-24]

A massive cryptocurrency airdrop worth 550 million tokens has just been launched on the popular blockchain platform Optimism (OP). This exciting news means that users have the opportunity to get their hands on a substantial amount of free cryptocurrency. If you're interested in joining the airdrop, now is the time to act and take advantage of this generous offer. Don't miss out on this chance to potentially increase your digital assets – head over to Optimism (OP) and get involved today. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Mode Network recently launched its governance token, MODE, alongside its crypto airdrop season. The network has allocated 35% of MODE tokens for airdrops to users and developers, with 5.5% released in the first quarter. Investors and early contributors will receive 19% of tokens subject to lock-up periods, while the foundation and treasury hold 27% for ecosystem incentives. To prevent early sell-offs, top contributors will have initial claim restrictions. Mode Network is also collaborating with Optimism to develop the Superchain, integrating Celestia's data availability solution to create Mode Flare, a unique Layer-3 network for DeFi services. The network currently has a total value locked of $603 million and supports over 30 applications, with 450,000 active addresses and nearly 20 million transactions. This news is in line with the latest developments in decentralized finance and showcases Mode Network's commitment to innovation and growth within the space. With its unique governance token and strategic partnerships, the network is poised for further success in the rapidly evolving DeFi ecosystem. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. What is the 550 Million Crypto Airdrop on Optimism? - It is a giveaway of 550 million cryptocurrency tokens on the Optimism network. 2. How can I participate in the Airdrop? - You can participate by following the specific instructions provided by the team launching the Airdrop. 3. What is Optimism (OP)? - Optimism is a layer 2 scaling solution for Ethereum, designed to make transactions faster and cheaper. 4. When is the Airdrop taking place? - The specific date for the Airdrop launch will be announced by the team organizing the event. 5. Is there a limit to how many tokens I can receive in the Airdrop? - The distribution of tokens in the Airdrop will vary depending on the rules set by the organizers. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function()

document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[ailtrahq]

Optimism (OP) has posted notable gains today, October 2, trading at $1.45, with a 5% increase in the last 24 hours. Furthermore, its price has gained 15% in the last seven days.  OP’s rise coincides with the improvement in the general crypto market, which showed a remarkable recovery. However, whether OP will sustain the ongoing rally remains to be seen. But a close look at a few technical indicators may provide vital insights into its next price moves.  OP Approaches Overbought Zone As Buyers Sustain Rally OP continues to show positive price momentum as buyers dominate the market. Also, it has formed a fifth consecutive candle on the daily chart, confirming active accumulation by traders. Its rally became prominent on September 29, when it broke above the Donchian Channel (DC) median band. OP flipped the $1.41 resistance level to support today and edges closer to the upper band of the Donchian Channel towards the $2.50 resistance level. If the buyers sustain the rally above the $1.50 resistance, OP will likely move into the overbought zone.  Additionally, the Moving Average Convergence/Divergence (MACD) has risen above its signal line, displaying a strong buy signal. Also, the Histogram bars are green, confirming that the buyers are still active. More so, the Relative Strength Index (RSI) indicator displays a value of 64.2 and is rising to the overbought region of 70.  Based on these indicators, OP will likely enter the overbought zone in the coming days, implying that accumulation will continue. However, traders should look out for bearish resistance at the $1.50 level that could serve as a potential entry point for sellers.  OP’s price currently hovers at $1.453 in the daily chart. | Source: OPUSD price chart from TradingView.com What Could Be Behind OP’s Recent Gains? Besides the general recovery in the crypto market, Optimism records exciting developments in its ecosystem. One notable change is a September 29, 2023, proposal to change Optimism’s security model.  According to the proposal, the OP team aims to hand over the admin key for the OP Mainnet to public and decentralized participants. These participants will be the Security Council held accountable for Optimism’s Governance.  Although this proposal awaits approval, it creates engagement in the OP ecosystem, thus increasing investor interest and activity. And this increased activity exerts higher buy pressure on the token.  Furthermore, the Optimism Superchain is another innovation driving ecosystem growth. According to blockchain data provider Covalent, the Superchain is an interlinked blockchain network of individual chains tagged “OP chains.”  Interestingly, builders can use the Superchain to engage in on-chain development. However, they must comply with the Law of Chains, a set of community rules on how teams support public goods and decentralization.  The OP Mainnet is the first member of the Superchain. Again, it has recorded increased daily active addresses, higher than Arbitrum, which is declining in on-chain activity.  BuildOnBase, created by Coinbase, is the second member of the Superchain, aiming to attract billions of users. BuildOnBase ranked as one of the best-performing chains in 2023 and the fastest L2 to reach 100,000 users in 56 days.  These developments are likely driving the growth in the Optimism ecosystem, evident in its recent price surge. 

[brilliantweb3]

Optimism Prepares for Its Largest Upgrade Ever

Optimism’s Bedrock release is just around the corner, and this latest upgrade will set the foundation for Ethereum to eventually become a Superchain.

To put it simply, a Superchain is a set of chains that all share a software stack and have the same security properties that enable them to communicate and work together.

The implementation of Bedrock will significantly cut transaction fees and reduce deposit times to less than one minute. A two-step withdrawal process will also be introduced to ensure maximum security, Karl Floersch, the CEO and co-founder of Optimism (OP) told Blockworks.

The Optimism mainnet upgrade to Bedrock is scheduled to occur on June 6 at 12 pm ET and will shut down the network for roughly two to four hours — meaning any transactions, withdrawals and deposits will be paused during this time.

“This is a major milestone for the OP stack and getting us closer to the Superchain vision,” Floersch said.

What is the Superchain?

The Superchain vision conceptualizes a network of chains built on top of the OP stack. It will combine individual elements of bridging, governance, upgrades and cross-chain communication all into one single unified network. 

“It is built in a way that is extremely amenable to Ethereum standards,” Floersch said. “The reason why it’s important for it to become a standard for L2s is because it enables us to have a multi-client ecosystem.”

Following Bedrock, anyone who is interested in building on Ethereum can run node software using either OP’s node or their own individual nodes without OP’s involvement. 

“That is the essence of open source development,” he said. “Technological decentralization is not enough, we need social decentralization, we need multiple client implementations.”

Enabling modular-proof systems

Chains that build on top of the OP stack will share sequencing and standard-proof systems, enabling them to build a single scalable blockchain community on top of Ethereum, Floersch explains.

To guarantee that messages are securely sent between the different chains, multi-proof and modular-proof systems will come into play. 

“Multi-proof is how we make sure that one proof is secure, so we have multiple fault-proof implementations that add redundancy to make sure that a message is never forged, but we also have modular proof, meaning that we don’t build these chains for a proof system, we use a proof system to prove the messages between the chains,” Floersch said.

This means that following Bedrock, both fault proofs and validity proofs will be available on the OP stack, enabling low latency passing between the chains.

To enable OP transactions to communicate with each other, a shared sequencing layer will also be present. 

“If I have a transaction and I want to flash loan it, send it to one chain, transfer the token to a different chain and transfer it back all in one chunk, that’s what the shared sequencing provides,” Floersch said. 

Vision for the future

Unlike the multichain vision, where applications are focused on deploying on their own chains, OP is hoping that it can build the standardized frameworks through Bedrock that enable developers to deploy things onto one Superchain.

“It’s not about modularity for heterogeneous fracturing of the community,” Floersch said. “It’s modularity so that the community can innovate and then upstream the innovations to the same OP stack.”

Ultimately, Floersch notes that OP hopes to create standards for the Ethereum community to build on and grow from.

“That is our primary focus,” he said. “We’re building entirely open source, it’s MIT licensed…we’re getting as many people building on it as possible and using it in different ways.”

Get our news the fastest way possible. Join us on W3W Web3 CRM and follow us on https://w3w.ai/