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Optimism Announces Upgrades to Multi-Chain L2 Platform

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It is reported that Optimism issued an announcement saying that due to the current dispersed users and ecology of L2, Optimism will be upgraded and OP will be …

Optimism Announces Upgrades to Multi-Chain L2 Platform

It is reported that Optimism issued an announcement saying that due to the current dispersed users and ecology of L2, Optimism will be upgraded and OP will be upgraded to a multi-chain L2 platform based on OP Stack. In the cooperation with Coinbase for Base, Coinbase is not only the core developer of the OP Stack code base, but also a new L2 blockchain based on the OP Stack.

Optimism: Base will become a member of the OP multi-chain L2 platform, and part of the revenue will be included in the OP national treasury

Interpretation of the news:


Optimism, a leading layer-two (L2) scaling solution for Ethereum, has recently announced that it will be upgrading its platform to a multi-chain L2 platform based on the OP Stack. The move comes in response to the current dispersed users and ecology of L2, which has made it challenging to utilize the full potential of the platform effectively. By upgrading the platform to a multi-chain L2, Optimism aims to improve the performance of the network and offer more flexibility to its users.

To achieve this goal, Optimism has partnered with Coinbase, a leading cryptocurrency exchange, for the development of Base. The announcement revealed that Coinbase will not only be the core developer of the OP Stack code base, but also a new L2 blockchain based on the OP Stack. This partnership is crucial as it brings together two major players in the blockchain industry to work towards a common objective of improving the L2 ecosystem.

The upgrades are set to offer several benefits to users, such as increased transaction speeds, lower gas fees, and improved network efficiency. The multi-chain L2 platform will also allow users to deploy and interact with various decentralized applications (dApps) and smart contracts more efficiently. The upgrades to Optimism’s platform will also provide a seamless transition from Ethereum’s layer-one (L1) to L2, allowing developers to create scalable and innovative solutions on top of the platform.

The development of Base by Coinbase will create a new ecosystem of L2 solutions based on the OP Stack. Coinbase has also shown significant commitment to the Ethereum ecosystem, recently announcing its support for Ethereum 2.0 staking on its platform. The partnership with Optimism is another positive development for Ethereum, as it continues to see increased adoption and growth in the crypto industry.

In summary, the move towards a multi-chain L2 platform based on the OP Stack is a positive development for Optimism, Coinbase, and the entire Ethereum ecosystem. The improvements to the platform will offer increased flexibility, efficiency, and performance, ultimately making it easier for developers to create and deploy innovative solutions. The partnership between Optimism and Coinbase is an exciting development for the blockchain industry, highlighting the importance of collaboration and cooperation in developing scalable solutions for the future.

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