Optimism (OP): what you need to knowOptimism (OP): what you need to know

Optimism is a Layer 2 network that runs on top of Ethereum and makes transactions faster and cheaper. The network uses Optimistic Rollups: transactions are processed off Ethereum and then bundled back to Ethereum as the settlement layer. The native token OP is used for governance of the network through the Optimism Collective.

Whitepaper: https://www.lcx.com/op-mica-white-paper/

With Optimistic Rollups, the network assumes by default that transactions are valid ('innocent until proven guilty'). A sequencer bundles transactions and posts them along with the associated state roots back to Ethereum. During a defined challenge period, anyone can submit a fraud proof to roll back incorrect transactions.

• Ticker: OP

• Category: Layer 2 / Scaling

• Blockchain: Optimism (Ethereum L2)

• Protocol: Optimistic Rollup

• Year of launch: 2021

Optimism is built with the OP Stack, an open-source framework that lets other projects launch their own rollups. The OP Stack is the foundation of the so-called 'Superchain' concept: multiple rollups that share the same technology and security. Well-known chains using the OP Stack include Base, World Chain and Mode.

The Optimism ecosystem includes DeFi protocols, NFT platforms, gaming projects and major infrastructure apps running on Optimism Mainnet. The Optimism Collective also distributes grants and retroactive public goods funding (RPGF) to support builders and public goods in the ecosystem.

Optimism was founded by Jinglan Wang, Karl Floersch, Ben Jones and Kevin Ho. The project emerged from Plasma Group, a research group focused on Ethereum scaling. Development is led by OP Labs in collaboration with the Optimism Foundation and the Optimism Collective.

BTC Direct has been the European entry point to crypto since 2013. We make buying Optimism straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your OP is on its way within minutes.

• Your coins, your control. We do not store your OP. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum varies per coin.

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For more technical information about Optimism, visit the official website.

Cryptocurrencies, including Optimism (OP), are volatile and carry risks. The value of OP can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

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