Optimism to Participate in Devcon in Bangkok on November 13th
2024-11-12


Optimism announces an upcoming discussion during Devcon in Bangkok where leaders from Ethereum’s Layer 2 solutions and the Superchain will unite to address the question: Can we have a unified Ethereum while also maintaining a competitive L2 ecosystem? The event is scheduled for November 13th at 13:30 UTC on the main stage.
OP Info
Optimism is a Layer 2 (L2) solution designed to enhance the speed and scalability of the Ethereum network. The project aims to improve performance and transaction speed on Ethereum while reducing costs. Optimism utilizes optimistic rollups technology.
Optimistic rollups are a second-layer technology that operates on top of the Ethereum mainnet and significantly increases its throughput capacity. These rollups enable the bundling of multiple transactions into a single block, which is then confirmed on the Ethereum mainnet. This approach greatly accelerates transaction processing and reduces costs since a larger number of transactions can be processed simultaneously.
The Optimism system is compatible with standard Ethereum development tools such as Solidity and the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their applications to this platform.
OP is the native governance token. The token can be used to participate in project governance within the Optimism Collective community and to vote on protocol upgrades and fund distribution.