Optimism Will Roll Out Single-Click Launch For Ethereum Projects
20 September 2021 - 11:00PM
NEWSBTC
Many layer 2 solutions are competing on being the most active in
developments. Amid these scaling solutions in Optimism, and given
its latest announcement, it will soon enable developers to launch
DApps with just a single click of a button. Optimism provides
support for all the apps on the Ethereum ecosystem. It ensures that
transaction fees are lower by keeping its data on the blockchain
but running computation off-chain. The team’s latest blog reveals
that an upcoming upgrade will facilitate the launch of DApps on its
layer. This means that every tool running on Ethereum will also run
on Optimism. Latest Upgrade To Provide Support For Ethereum
Protocols The disclosure by the Optimism team assures the
developer’s community that the upgrade will help them to simplify
the process of launching their decentralized apps. Also, this
simplicity stems across features such as gas and traces. Developers
targeting Geth now have the opportunity to launch without changing
their codes. Related Reading | New To Bitcoin? Learn To Trade
Crypto With The NewsBTC Trading Course Optimism disclosed that it
had overhauled the codes. As a result, it can now go beyond being
compatible Ethereum Virtual Machine only to become an EVM
equivalence by making its protocol efficient and lightweight. One
of the steps the team took to reduce the protocol’s load was to
delete its custom compiler. It also deleted over 25,000 lines of
codes as it upgraded. According to the post, the team asserts that
developing the “EVM-compliant rollup” is not very easy given that
it aims to support the whole Ethereum stack. Moreover, to also
implement the security features which EVM requires will also cost a
lot of money. However, it is mandatory because every line of codes
added to the system comes with possible vulnerabilities. Optimism
Pursuing Compatibility As for now, the layer 2 scaling solution is
now fully equivalent with EVM using Geth. Though it is working to
become compatible with alternative node implementations such as
Erigon and OpenEthereum using below one thousand lines of codes.
The team disclosed that they hadn’t changed the security model of
the protocol even with this release. The reason behind the growth
of Optimism is the move from Ethereum mainnet to other chains &
layer 2 solutions compatible with EVM Ethereum has fallen by 7% in
24 hours | Source: ETHUSD on TradingView.com The migration of
capital from Ethereum to these other solutions was to reduce the
high fees characterizing transactions carried out on its base
layer. Related Reading | While Broader Crypto Market Holds Its
Collective Breath, Whales Are Loading Up On Bitcoin The information
from Dune Analytics even reveals that another rollup network
Arbitrum has a TVL of $2.62 billion, which is the largest ETH
Bridge. This rival protocol went live three weeks ago, and it is
already making waves. But it is not the only protocol as Polygon
ERC-20 Bridge emerged after Arbitrum and is now boasting $2.35
billion in TVL. After Polygon came, Avalanche Bridge and Fantom
Anyswap Bridge and each now record $1.86 billion and $476 million,
respectively. Featured image from Forbes, chart from
TradingView.com
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