Optimism


Consensus Magazine

Karl Floersch's 'Optimism' Tech Paved the Way for Coinbase's 'Base' Blockchain

The CEO of OP Labs helped create a set of tools that let developers build their own layer-2 chains.

Karl Floersch (Portrait by Mason Webb for CoinDesk)

Technologies

Celo Developer Proposes Mid-January Timeline for Evaluating Closely Watched Layer-2 Move

With hot competition between layer-2 technology providers like Optimism, Polygon and Matter Labs, Celo's choice is being closely watched by the blockchain industry.

A Celo-sponsored claw machine where attendees could win merchandise items. (Lyllah Ledesma/CoinDesk)

Marchés

Altcoin Rally Cools as Massive $650M Worth of Token Unlocks Loom Over Crypto Market

Large unlocking events usually lead to price declines as the increase in supply outpaces investor demand for the asset, The Tie reported earlier this year.

Optimism price on Nov. 27 (CoinDesk)

Finance

Blockchain Startup Kinto Plans 'First KYC'd' Ethereum Layer-2 Network After Raising $5M

Ethereum layer 2 Kinto network features native know-your-customer (KYC) checks and investor accreditation mechanism to help onboard regulated financial institutions.

Ramon Recuero, Kinto CEO and co-founder (Kinto)

Technologies

Blockchain Developer Lattice Unveils 'Alternative Data Availability' Network for Optimism

The new "Redstone" network, currently operating as a test network, is rooted in an effort to make blockchains cheaper for gaming and decentralized applications – relying on off-chain "data availability" providers as part of the broader setup.

Lattice Founder and CEO Justin Glibert (Lattice)

Technologies

Circle to Enable Cross-Chain USDC Transfers With Cosmos's Noble Later This Month

Decentralized exchange dYdX will be the a user of CCTP, as the project expands beyond Arbitrum, Base, Ethereum and Optimism.

Jeremy Allaire, Co-Founder and CEO, Circle (Shutterstock/CoinDesk)

Technologies

Ex-Polygon Veteran Wyatt Joins Optimism Foundation Unit in Growth Role

Wyatt, who previously served as president at Polygon Labs and had a stint at YouTube, joins as chief growth officer, where he will be in charge of helping developers build across Optimism’s ecosystem of blockchains.

Optimism Foundation Chief Growth Officer Ryan Wyatt (Optimism Foundation)

Technologies

Manta's Layer-2 Blockchain Already Plans to Ditch OP Stack for Polygon

The network, which just went live a couple weeks ago as a so-called optimistic rollup – the core underpinning of OP Stack – will now become a “ZK-rollup,” which is what Polygon’s software kit provides.

Manta Ray. (Justin Henry/Creative Commons)

Technologies

At Last, Blockchain Developer OP Labs Delivers ‘Fault Proofs’ Missing From Core Design

The developer’s OP Stack software, the blueprint for Coinbase’s new Base blockchain, had been criticized for the lack of a crucial security feature – likened to driving a fast car without airbags.

OP Labs CEO Karl Floersch. (Optimism)

Marchés

Optimism Slumps Most Among Crypto Majors Ahead of $30M Token Unlock

The event will release 3% of the OP token’s circulating supply to investors and contributors.

Token unlocks are usually bearish events, increasing a token's supply.(FLY:D/Unsplash)