Ethereum co-founder cites Optimism's growth to inspire community
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On the other hand, the ICrosschainERC20 interface is intended to manage mint and burn functions more effectively. This update brings Optimism closer to realizing its vision of a"superchain" structure, where multiple blockchains work together seamlessly and efficiently. Buterin praised the new development and commended the collaborative spirit among Ethereum’s infrastructure players."I think people are sleeping on just how much Ethereum infrastructure players really are willing to cooperate and build a unified Ethereum ecosystem," he said.Launched in 2021 as an Ethereum Layer-2 scalability network, Optimism leverages Optimistic Rollups. This technology enables faster and more efficient transfers while preserving the security of the main blockchain.
Over the years, Optimism has become a valuable player in the Ethereum ecosystem, performing a series of updates to improve the network. Last year, Optimism to tackle security vulnerabilities found during security audits. The smart contract upgrades address the discovered weaknesses, while the L2 hard fork improved the stability and performance of the fault-proof system.
Many other protocols like Base from Coinbase have leveraged the OP tech stack, underscoring its crucial role in the Ethereum ecosystem.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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