Optimism is a Layer 2 network designed to help Ethereum scale. Like Arbitrum, it uses optimistic rollups to bundle transactions off the main chain and settle summarised results back to Ethereum, aiming for faster and cheaper transactions while keeping Ethereum security.
Beyond the technology, Optimism is known for an emphasis on funding public goods, the shared tools and infrastructure that benefit the wider ecosystem. Its governance involves the OP token, which relates to decisions about the network and how certain funds are directed.
This entry gives a plain overview of what Optimism is and its approach. It is educational and describes the network and its aims. It does not assess the OP token as an investment or suggest buying or selling anything.
Frequently Asked Questions
How is Optimism similar to Arbitrum?
Both are Ethereum Layer 2 networks that use optimistic rollups to process transactions off the main chain and settle results back to Ethereum, aiming for lower fees and higher speed.
What is the OP token related to?
The OP token relates to Optimism governance, including decisions about the network and how certain funds, such as those for public goods, are directed.
