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Optimism (OP) is a Layer 2 scaling solution for Ethereum that supports all Ethereum applications. It uses optimistic rollup technology to batch transaction groups, saving on gas fees. OP is primarily the native governance token used to manage the protocol.
What is Optimism (OP)?
According to the statements made, Optimism addresses the practical needs of developers and users, aiming to improve continuously. You can use Optimism by leveraging as much as possible from Ethereum’s tested infrastructure and build your application on layer 2.
Additionally, it is designed not only to be compatible but also equivalent to the Ethereum Virtual Machine. This means that all Ethereum applications and tools work on it.
On the other hand, the Optimism Foundation is described as a non-profit organization dedicated to growing the Optimism Collective.
The team is not just writing software that scales Ethereum technology but also creating tracks for highly effective projects without a successful business model to scale Ethereum values.
Until the project is fully decentralized, all profits from running a centralized sequencer will be dedicated to scaling and maintaining public goods.
Meanwhile, the Optimism Collective is defined as a new community type designed to reward public goods and build a sustainable future for Ethereum. Public goods are described as the foundation of the community. However, according to the team’s statements, they are often underfunded and forced to trade-off between generating profit and building for the public good when incentives are not properly aligned.
Statements about Optimism include, “Optimism and Ethereum are public goods. The open internet is for all of us, and we all need to help maintain it.”
Optimistic Rollup offers the following to its users:
- Usability: Low-latency transactions for the speed of Web 2.0 experience and smart contracts at a fraction of the cost.
- Familiar workflows: Developers retain the Ethereum developer experience. The same smart contracts, APIs, and development tools are used, allowing for seamless migration without breaking existing contracts.
- Money Legos: Seamless interoperability between dApps and smart contracts.
OP Coin Review
OP, which gained attention particularly with its listing on Binance, can be defined as the native cryptocurrency of Optimism. Investors may be interested in OP tokens due to the advantages offered by the platform and its compatibility with Ethereum.
How to Buy OP Coin?
OP Coin can be bought quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy OP Coin, you first need to become a member of Binance and then send fiat currency. After sending a fiat currency like dollars, you can purchase OP Coin in the Bitcoin (BTC), BUSD, and Tether (USDT) OP trading pairs.
Additionally, users can place a purchase order at a lower value than the market price on Binance and execute their purchases at the desired price. To do this, simply use the Limit tab and enter the amount you want to buy and the price you want to buy at.
