Optimism Goes Multi-Chain: Upgrade to OP Stack-Based L2 Platform

02/23/2023 14:34 • AI Insights • 140 views

It is reported that Optimism issued an announcement saying that due to the current dispersed users and ecology of L2, Optimism will be upgraded and OP will be upgraded to a multi-chain L2 platform based on OP Stack. In the cooperation with Coinbase for Base, Coinbase is not only the core developer of the OP Stack code base, but also a new L2 blockchain based on the OP Stack.

Optimism: Base will become a member of the OP multi-chain L2 platform, and part of the revenue will be included in the OP national treasury

Analysis based on this information:

Optimism, the Ethereum scaling solution, has issued an announcement stating their plan to upgrade their platform to a multi-chain L2 platform based on OP Stack. This decision was made in response to the current dispersed users and ecology of L2, which has led to increasing demand for scalability across multiple blockchains.

By upgrading to a multi-chain L2 platform, Optimism aims to provide users with more flexibility and interoperability while also improving the user experience. The OP Stack, upon which the L2 will be based, offers a modular and customizable design that can accommodate different use cases and blockchain systems. This means that Optimism’s multi-chain L2 platform can integrate with other blockchains such as Bitcoin, Polkadot, and Cosmos, making it more versatile and sustainable for future development.

In collaboration with Coinbase for Base, the current core developer of the OP Stack code base, Optimism will leverage Coinbase’s expertise to build a new L2 blockchain based on OP Stack for their platform. Given Coinbase’s stature and experience in the cryptocurrency industry, this partnership will likely bolster Optimism’s capacity to execute its plans effectively. The new L2 blockchain will be designed to provide a higher degree of security, speed, and scalability, and it will retain the same level of trustlessness and decentralization that characterize blockchain systems.

Overall, Optimism’s decision to upgrade to a multi-chain L2 platform based on OP Stack represents a significant milestone in the evolution of blockchain interoperability and scalability. As the blockchain industry grows and matures, such innovations and collaborations will become increasingly important in meeting the needs of diverse users and markets.

In conclusion, the upgrade demonstrates that Optimism is committed to innovation and growth, and it seeks to remain at the forefront of the blockchain industry. It will be interesting to see how this upgrade plays out and the extent to which it is adopted by users and developers across the industry.

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