Optimism Launches Ethereum L2 Base “Superchain” with Major Savings

02/24/2023 01:46 • Crypto & Markets • 77 views

It is reported that Optimism announced the launch of the Ethereum L2 Base “Superchain” Superchain page on social media. Optimism said that it had saved users 2.69 billion dollars and 15.8 years of waiting time for transaction confirmation in the past two years. The Superchain was built on the OverPowered (OP) Stack, seeking to integrate the originally isolated L2 into an interoperable and composable system, which is a horizontally scalable chain network, sharing security Communication layer and open source development stack. In addition, Coinbase will join OP Labs to contribute to the mission of Optimism Collective.

Optimism launched the “Superchain” Superchain page: it has saved users 2.69 billion dollars in on-chain costs in the past two years

Interpretation of the news:

Optimism, a layer-two (L2) scaling solution for Ethereum, announced on social media the launch of its Ethereum L2 Base “Superchain” Superchain page. The launch is a major development in the Ethereum ecosystem as it aims to provide users with significant savings in both time and cost.

According to Optimism, the two-year development of the Superchain has saved users $2.69 billion in transaction costs and 15.8 years of waiting time for transaction confirmation. This is an impressive feat considering the rising demand for DeFi applications and the increasing congestion on the Ethereum network.

The Superchain is built on the OverPowered (OP) Stack, which aims to integrate the previously isolated L2 solutions into a composable and interoperable system. The Superchain offers a horizontally scalable chain network with a shared security communication layer and an open-source development stack. This enables developers to build decentralized applications (DApps) with ease and offers users a seamless experience.

Furthermore, Coinbase has joined the OP Labs to support the mission of Optimism Collective. Coinbase, a leading cryptocurrency exchange platform, is expected to contribute immensely to the development of the Superchain. The partnership with Coinbase highlights the growing interest in the Ethereum ecosystem by major players in the blockchain industry.

The launch of the Superchain is a significant development in the Ethereum ecosystem as it offers users significant savings in transaction costs and waiting times. The Superchain’s integration of OverPowered (OP) Stack and the contribution of Coinbase to the mission of Optimism Collective will attract more developers and users to Ethereum.

In conclusion, the launch of the Ethereum L2 Base “Superchain” is a commendable achievement for Optimism and presents an opportunity for developers and users seeking a faster, cheaper, and more efficient ecosystem. The development showcases the potential of the Ethereum network, and its growing partnerships with major players can only propel it further.

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