📊｜One article to understand the op
🔻#optimism is a Layer 2 expansion solution that solves the congestion problem of Ethereum and retains the security and compatibility of the Ethereum main network. Optimism uses Optimistic Rollups technology to make verification faster and reduce Gas costs. According to L2BEAT data, Optimism currently has the second largest TVL in Layer 2, second only to Arbitrum in Layer 2
📌op’s design philosophy:
1️⃣Simplicity: Optimism aims to make the feature set it provides as simple as possible. A simple protocol means less code to write and therefore fewer potential bugs.
2️⃣Practicality: The design process behind Optimism is ultimately driven by practicality. Furthermore, Optimism’s design philosophy prioritizes the needs of users and developers rather than theoretical perfection.
3️⃣Sustainability: Optimism’s design process is built around the idea of long-term sustainability, a scalable system is meaningless without the ecosystem that sustains it.
📌OP operating principle:
☑️It’s basically just a fancy way of describing a blockchain that relies on the security of another “parent” blockchain.
☑️Block Storage All Optimism blocks are stored in a special smart contract on Ethereum called CTC. Optimism blocks are kept in an append-only list within the CTC. This append-only list forms the Optimism blockchain.
☑️Optimism block production is primarily managed by a single party, called the sequencer, which helps the network by providing the following services: providing instant transaction confirmations and status updates, building and executing L2 blocks, and submitting user transactions to L1.
