Optimism is one of the largest Ethereum Layer 2 scaling solutions. Whales or large wallet investors in the ecosystem are accumulating OP, the native g
It marks a key milestone for addressing scalability, gas efficiency and security; challenges that are currently faced by Layer 2 projects like Optimism and Arbitrum.
Ethereum Cancun-Deneb could reduce the cost of transactions and in turn increase protocol revenues for Optimism. An exact date has not yet been announced. The upgrade is expected to occur before the end of 2023.After the Merge, the Ethereum community is looking at the Sharding upgrade next, which has been slated for sometime later in the year. The development can be summarized in four words, “scalability through more efficient data storage.
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