![]() Optimism utilizes a specific smart contract on Ethereum called the CanonicalTransactionChain (CTC) to store all of its blocks. Optimism covers the gas expenses required for running the fraud proof computation. In this method, transactions are assumed to be valid unless proven otherwise, operating under the principle of "innocent until proven guilty." A specific timeframe is allotted during which potentially invalid transactions can be contested by presenting a "fraud proof" and conducting the transactions' computations based on the available state data. The term "Optimistic rollups" stems from the approach taken in processing transactions. This cost is conveniently shared among all participants involved. By consolidating multiple transactions into one, the cost of the blockchain transaction, also known as "gas" fee, is significantly reduced to just a single transaction. ![]() Rollups are named as such because they combine the information from numerous transactions, including non-fungible token (NFT) mints and token swaps, into a single transaction on Ethereum's mainnet (referred to as layer 1). Optimism utilizes a technology known as rollups, specifically Optimistic rollups. This technique incorporates a mechanism known as "fraud proof," which ensures the integrity and security of the transaction process. Optimism leverages Optimistic Rollups, a cryptographic technique that utilizes smart contracts as bridges between Layer 1 (L1) and Layer 2 (L2). ![]() By bundling hundreds of transactions into these batches, Optimism significantly reduces the fees required for settlement compared to executing them directly on the Ethereum network. These batches of data are then transmitted back to Ethereum's mainnet, where they undergo validation as additional data blocks. It collects transaction data from the main chain, consolidates it into batches, and settles them. Optimism operates as a scaling solution for Layer 1 networks by employing a process known as rollup. It is designed so that users can send arbitrary messages between smart contracts on Optimism and Ethereum, which makes it possible to transfer assets, including ERC-20 tokens, between the two networks. It processes several transactions on its blockchain and posts them in batches on Ethereum, providing fast speed and low fees. This initiative gained significant traction across various social media platforms, highlighting the community’s enthusiasm and support for Optimism’s endeavors.Optimism is a layer 2 blockchain that acts as a scaling solution for Ethereum. Throughout the process, the average rewards amounted to approximately 600 OP tokens, equivalent to approximately $840. Additionally, it was disclosed that a x2 bonus would be granted to users who delegated to active voters, further incentivizing participation in the governance criteria. The development team emphasized the importance of community engagement and delegation. The airdrop officially commenced on Monday, September 18 at 18:10 UTC. If an address is eligible, it will have tokens sent directly to it on or shortly after Sep 15, 2023.” Do not trust any website pretending to help you claim your tokens for Airdrop #3. There is no need to claim tokens by interacting with any website. The team stated, “Airdrop #3 is disbursed directly to eligible wallets. They issued a warning to users, cautioning them to avoid any websites claiming to be involved in the token distribution process. In a notable improvement from previous airdrops, the Optimism team emphasized that this third distribution would not require users to visit a claims page or interact with any external website.
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