![]() The identities of these optimism whales were not available to the public since crypto wallets are anonymous. Meanwhile, only the top two wallets had more than 57.39% of the supply, or over 2.46 billion tokens, while the top seven wallets controlled over 70% of the OP supply. The top 10 holders held over 75.97% of the OP supply, while the top 100 holders controlled 97.16%, making the token very susceptible to pump-and-dump schemes. ![]() Let’s quickly talk about what happened.- Optimism (✨?_?✨) JWho owns the most optimism coins?Īccording to CoinCarp data, as of 21 October, there were 153,733 OP token holders, up over 30% from 114,569 on 20 September, indicating a significant rise in OP token holders within a month. We’ll be publishing a full, detailed retrospective on the lessons learned next week. OP Drop #1 had a turbulent launch which we finally stabilized after more than five hours of non-stop work. Token House, which is already operational, oversees Optimism-related technical preferences such as software changes or upgrades. Holders of the OP token have voting rights in The Optimism Collective, a two-tier governance structure comprising the Token House and Citizens' House.Ĭitizens' House will be operational in the near future. OP is the native currency of the Optimism Network. Then, Optimism rollups execute a fraud-proof, which checks information using Layer 1 data. If a validator detects a fraudulent transaction, they have a week to contest the batch's legitimacy. Instead, the rollup passes the batch to Layer 1 without confirming the transaction's legitimacy, resulting in a considerable boost in scalability. Hence, no expensive computations are performed on Layer 2. Optimistic rollups presume that all transactions are legitimate. The transaction data is uploaded to Ethereum's Layer 1 for processing while the rollup runs on Optimism's Layer 2. Compared to the Layer 1 protocol, rollups can help users save the gas charges by up to several times. Optimism batches transactions via rollups, reducing gas expenses and network congestion. Optimistic rollups are the essence of Optimism's scaling process, in which numerous transactions are 'wrapped up' into one transaction, resolved on another blockchain, and subsequently pushed back to the main Ethereum mainnet. Optimism accelerates and reduces the cost of Ethereum transactions by settling them on another blockchain using superior data compression methods. Optimism therefore helps in the resolution of Ethereum's scalability problem. The primary purpose of these protocols is to address the major cryptocurrency networks' transaction speed and scale issues. It contributes to reducing transaction fees and transaction time on the Ethereum blockchain.Ī layer 2 framework or protocol is developed on top of the existing blockchain system. Optimism is an Ethereum layer 2 scaling solution. An open mainnet was released in December 2021. It took the founding team until late October 2021 to launch the alpha mainnet version compatible with the Ethereum Virtual Machine ( EVM). An alpha mainnet was not released until January 2021 Optimism was introduced in June 2019, with a testnet launched in October of the same year. What is Optimism coin and how does it work? What effect would this have on the OP tokenomics? Here we take a look at how many optimism coins are there, and other news affecting the token’s supply. ![]() OP plunged to three-month lows in mid October after the mistake was made in setting the token’s total supply inflation rate. The crypto markets suffered through bearish sentiment in 2022, amid a wider macroeconomic environment and Terra-UST crisis, and the Optimism ( OP) cryptocurrency is no exception.Īccording to CoinMarketCap, Optimism native token OP, a layer two scaling solution for Ethereum ( ETH), is following the downward trend. OP crypto circulation analysis as community admits huge supply rate error
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |