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Optimism / USDC

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Optimism and EIP 4844Optimism is a leading Optimistic rollup within the Ethereum network built by OP Labs and governed by the Optimism Collective. This project aims to streamline the transition between Ethereum's Layer 1 (L1) and Layer 2 (L2) by offering a convenient code migration feature across these layers, facilitated by its "EVM-equivalent" design. Transactions are executed at the L2 level and later consolidated into batches for verification on the Ethereum main chain, effectively reducing gas fees and enhancing transactional throughput. This optimization is achieved while retaining Ethereum's security guarantees through its rollup architecture. OP Stack Optimism introduces the concept of OP Stack, a modular and adaptable foundation that enables developers to build highly scalable and interoperable blockchains of all kinds atop Ethereum. The OP Stack comprises a collection of standardized and open-source modules, which developers can seamlessly integrate to build custom chains for specific needs. The term "standardized" signifies a consensus on the specifications of each module, ensuring they are universally implementable. The open-source nature of these modules means they are freely accessible for iteration and adoption by developers. Additionally, the EVM equivalent nature of OP chains means developers looking to launch on Ethereum can seamlessly also launch their dApps on Optimism or as an OP chain. The stack is made up of specific layers, each with a well-defined API that can be tailored to the specific layer. As such, developers can modify existing modules or create entirely new modules to meet their application's unique requirements. Data Availability Layer Central to the OP Stack's architecture is the Data Availability (DA) layer, a foundational aspect of any rollup that helps reach consensus on transaction ordering and ensures transaction data is available for verification. The OP stack uses Ethereum as its DA layer, as adequate DA is required to ensure the rollup sequencer’s submissions can be crosschecked and challenged if needed. DA guarantees are paramount to a rollup’s design and utilizing Ethereum, the most economically secure and decentralized smart contract L1, ensures Optimism inherits the very best security guarantees the market can provide. The Sequencing Layer The role of sequencers is pivotal in driving the production of rollup blocks. A sequencer must operate both an Ethereum (ETH) full node and an L2 node to effectively communicate between the chains. Within this framework, sequencers are responsible for critical roles, including real-time transaction confirmations, state updates, L2 block creation and execution, as well as the submission of user transactions to Ethereum's layer 1. The operational efficacy of rollups hinges on the accessibility of data by the sequencers. Importantly, because there is currently only one sequencer in the Optimism ecosystem (run by Optimism), this introduces a single point of failure and centralization concerns. However, in scenarios where the sequencer might be censoring a user's transactions, users still retain the capacity to route around the sequencer and ultimately recover their funds on the Ethereum mainet. The Derivation Layer takes the basic data in the Data Availability Layer and turns it into useful information for the Execution Layer using the Ethereum Engine API. Sometimes, it even looks at the current state of the system, as defined by the Execution Layer, to help figure out the basic data. The Execution Layer At the heart of the OP Stack's design is the Execution Layer, a pivotal layer responsible for managing the chain’s state and state changes, e.g. executing transactions. Changes in state occur when inputs, transmitted from the Derivation Layer through the Engine API, prompt transitions. Settlement Layer: Peering Beyond the Horizon The Settlement Layer performs the final validation of a block and, if necessary, handles any disputes that may arise. It bears the responsibility of concluding transactions across all OP chains present within the Superstack framework. The OP structure enables the implementation of one or more settlement mechanisms for each OP Stack chain across various external chains. Optimism's forward-looking approach to the OP Stack can be seen in this layer. The OP strategy entails separating out the proof layer and enabling optionality. As long as the proof layer aligns with the criteria of the proof API, it can seamlessly integrate into the system without causing any disruptions to the user experience. This means the OP Stack can easily support/integrate validity proofs as opposed to fraud proofs. By harnessing the OP Stack’s inherent versatility, developers can fashion nearly any solution imaginable across the crypto space. Governance Layer: Orchestrating Dynamics The Governance Layer serves as a pivotal component in the OP Stack and is responsible for overseeing system configuration, upgrades, and decision-making processes. It encompasses protocol upgrades, adjustments, and design refinements, playing a critical role in upholding the integrity and efficiency of blockchain networks. A key facet of the Governance Layer involves MultiSig Contracts. These contracts commonly find application in managing upgrades of components within an OP Stack-based system. Currently, this mechanism governs the administration of bridge contract upgrades on the Optimism Mainnet. Superchain System In the current day blockchain landscape, diversity has flourished not only within Layer 1 networks but also across Layer 2 solutions, resulting in the emergence of a multi-chain world. While this diversification offers heightened options and flexibility for both users and developers, it simultaneously ushers in a fractured ecosystem with numerous incompatible chains. The segmentation of chains translates into discrete communities and user bases, inhibiting the synergistic network effects essential for the prosperity of any blockchain initiative. Smaller user groups, inevitably, culminate in reduced security, innovation, and overall adoption rates, undermining the ecosystem's vitality. Furthermore, the disintegrated ecosystem poses challenges for developers. In this multichain realm, developers are compelled to engineer applications that function seamlessly across various chains—an endeavor that is laborious and expensive. This bottleneck impedes innovation and hampers the participation of developers willing to contribute to projects in this space. In response to these challenges, Optimism introduces the concept of the Superchain—a horizontally scalable network of interconnected Ethereum-aligned chains characterized by shared security, a common communication layer, and an open-source development stack made possible by the modularity of the OP Stack. This novel approach aims to mitigate the prevailing issues, offering a permissionless framework for deploying new chains within a unified network. Chains within the Superstack system aim to have frictionless communication and transaction capabilities among one another. This, in turn, unlocks avenues for significant scalability, innovative applications, and a novel revenue model that rewards both application and protocol developers. The Superchain amalgamates Optimism Mainnet and various chains into a singular, harmonious network of OP Chains. Central to the Superchain's vision is the notion of OP Chains—L2 chains that can have unique design features while maintaining interoperability. Unlike conventional multi-chain designs, OP Chains are standardized, empowering developers to build applications targeting the Superchain as a unified entity, abstracting away the complexities of individual underlying chains. Base, Worldcoin, Zora, Debank, and others have either launched their own OP Chain or have plans to do so. The term 'OP chain' refers to individual chains within the domain of the Optimism Superchain. Unlike multi-chain systems, OP chains adhere to a standardized architecture. This architecture encompasses a shared base layer for Data Availability (DA), a bridge connecting the base layer and OP chains, a flexible framework for deploying OP chains, the OP chains themselves, and a cross-chain messaging protocol for efficient data and digital asset transfer. This standardized setup facilitates transaction ordering across OP Chains, empowering developers to craft applications targeting the Superchain in its entirety. For the full report click here .
COINBASE:OPUSDEducation
by ReflexivityResearch
Optimism OP: Looks Like It Will Pump Now?We have gone through the fundamentals, aside from the upcoming token unlock event, there is no other bearish fundamental on BINANCE:OPUSDT , and technically, it seems to have found a bottom. Now, there is a possibility of a bullish continuation on OP We are going to open a position and apply risk management. What is your thought on this analysis? Let me know in the comment box. Also, if you like my analysis, kindly follow me now for more, and support my idea. Cheers!
BINANCE:OPUSDLong
by CryptoNiche
4
Optimism/USD: Gartley + WXY Elliott Wave Correction CompletionA few factors that may indicate a trend reversal near term for the fast-falling optimism token: High time frame Gartley pattern potential reversal zone (PRZ). Looks like the WXY on the HTF correction is near complete, with a final drawn-out zig-zag, nearing it's AB = BC wave length comparison. The komo cloud is still trending down strongly, but getting thicker - indicating an overextension from the mean. Don't try to catch the falling knife, like I did, yesterday.
COINBASE:OPUSDLong
by wildhood
✴️ Optimism Great Timing (100%+ Potential)Here we have great timing for Optimism (OPUSD) as the new waves is starting just now. It is easy to see the last session closing as a Doji after a short-term higher low 10-July vs 10-June, and today prices move above EMA10 with a bullish RSI. This is happening after a classic EW correction. We can get easy 100% out of this chart set up with very low risk. More details on the chart. Remember to boost for more great setups, great signals, great analysis, great charts... If you enjoy the content of course. Thanks a lot for your support. Namaste.
CRYPTO:OPUSDLong
by MasterAnanda
1
OPUSD: Channel Up to test the 2 month Resistance.OPUSD is on a stellar rise within a Channel Up that is supported by the 1D MA50 and very balanced bullish technicals on the 1D timeframe (RSI = 63.931, MACD = 0.054, ADX = 31.710). The 1D MACD shows significant upside potential and we will take this opportunity to buy and target the LH trendline (TP = 1.8000). The Resistance Zone is between R1 (1.87500) and the 1D MA200. If the price closes over the 1D MA200 we will buy the breakout and target the 0.786 Fibonacci level, just under R2 (TP = 2.79500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:OPUSDLong
by InvestingScope
1
OP Break out with CC Fib (0.618 and 0.66) coming right above NPCThe OPUDST pair breakout from the downtrend into CC Fib (0.618 and 0.66) coming right above NPC. Any close above 1.5 USD will start an impulsive move up to the levels described on the chart. We are looking at new ATH and possibly higher. The bases for the Analysis is the Fixed rage volume profile, Weekly candles are constructed based on fractals for liquidity and the structure is based on previous break out. Note analysis is done on a Weekly time frame. This is not a Financial Advice just my analysis and trading plan. 1.64 a small TP 1 and move stop loss to Neutral. 1.9 Anchored VWAP TP 2 2.3 is VAH TP 3 3.2 previous move high TP 4 4.12 Trade Close as Previous ATH/ Double Top. Then I will wait for a retracement to the CC levels and possibly a New yearly High.
COINBASE:OPUSDLong
by Crypto_Raheel
1
✴️ Optimism Long-Term Ascending Channel ActivatedHow you paint a chart can really change your perspective. With the right drawings, a clear picture can be produced. For Optimism (OPUSD) I focused on a long-term ascending channel, marked by the orange lines, "trendlines". Notice that when the upper side of the channel is activated, prices drop. On the other hand, when the lower band of the channel is activated, prices move up. Optimism just activated the lower portion of this channel after one long year, we can expect a strong bullish wave to show up. This is a easy one and another pair that has been growing strong. Namaste.
CRYPTO:OPUSDLong
by MasterAnanda
OP OptimismNews on May 31, according to the official announcement, Binance will support Optimism (OP) network upgrade and hard fork, the specific arrangements are as follows: Binance is expected to suspend the deposit and withdrawal of OP tokens at 23:30 on June 6 , to support the network upgrade and hard fork of Optimism (OP) at 00:00 on June 7. During network upgrades and hard forks, OP transactions will not be affected. According to the previous news on May 16, the Optimism mainnet Bedrock upgrade will be carried out on June 7, which will require a shutdown of 2 to 4 hours.
BINANCEUS:OPUSD
by Cathy_1
3 Alts To Out Perform...If I'm right on this BTC cycle there will also be an alt cycle which I think will be a tad more selective in nature than past ones...So how do you play it? Easy see the future narratives that will generate the most hype and drive ''adoption'', I already Identified L2s as the spark for this Bull run and I'm quite confident on it - ETH is top dog and scaling is crucial for it to be able to function as network activity increases - the strongest L2 narratives are ARB / OP and possibly MATIC. I've thrown Aptos in here because it's a new L1 and has yet to see a bull cycle so it's a no brainer really.
BINANCE:OPUSDLong
by Swoop6
optimism 8h accumulation best level buy/hold 300% gains🔸Hello guys, today let's review 8hour price chart for OPUSD. nice gains recently off the range lows, also trading near ATH, which is also bullish catalyst for future gains. Short-term more gains possible to re-test premium levels, however also expecting a pullback, since accumulation is not complete yet and we are not ready for take off. 🔸Active trading range is defined by range lows at 2.15 usd and range highs at 2.85 usd. Premium prices / resistances / supports set at 3.00 usd / 3.25 usd and 1.90 / 2.00 usd. 🔸Recommended strategy bulls: the overall outlook is bullish and we are in the active accumulation stage since February, however good things take time. Expecting pullback later after we hit strong overhead resistances near range highs. Don't get caught up in pullback and be ready to buy/hold low later near 2.00 USD in May/June 2023. Conservative target for the bulls is 6.00 USD, which is 300% gains off the range lows. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:OPUSDLong
by ProjectSyndicate
32
My Final Post: Ordo Ab Chao; ‘optimistic’ about the future?STATE OF PLAY AS AT FEB 2023 - 3 Year Review Exogenous event to effect a societal and economic reset (March 2020-ongoing) mass ‘awakening’ per Fourth Turning as the antithesis to the thesis as presented by the World Enconomic Forum /WHO Great Deception has commenced (1-28-23) Transition to degrowth, dedollorization and web 3 via Industry 4 and StakeholderCapitalism …well underway Ether’s Phoenix - Stakeholder Capitalism medium.com Humanity’s defining characteristic is its ability to organize and cooperate. We have devised a number of tools to do this — from language, religion, and legal structures, to rules on the highway — all are systems created to align our actions. Despite these tools, many current attempts to coordinate large-scale action are failing. Planetary health is in rapid decline. Open source software is underfunded. Public and common goods don’t receive the support they need to survive long term. Why is it that crucial things which stand to benefit all of us are being neglected and, more importantly, what can we do about it? In a moment where coordination is overshadowed by defection and common ground is hard to find, how do we choose the path which leads to a better future? Enter Ether’s Phoenix. Impact = Profit Imagine a world where every individual is awarded profit proportional to their positive impact. Distribute your software package for free, get paid proportionally. We can call this powerful equation the “fairness ratio,” where impact = profit. But how do we calculate that “impact?” Positive contributions are notoriously hard to measure. Not only do many public goods suffer from being “out of sight, out of mind”, but they may take an extended length of time to manifest and measure. The free market is our most popular tool to assess impact, but for these reasons and others it fails to adequately compensate most public or common goods. The passage of time may help to allay these problems. In general, it’s easier to agree on what was useful in the past than what will be useful in the future. So to assess the personal profit due to each actor, imagine if society paused every now and then to look back, survey its , and pay out the profit each individual deserves. This is the “retroactive” part of retroactive public goods funding. If we believe this is a good system, this process becomes recursive: the “impact” side of the fairness ratio will also reward the contributions that helped bring about this world in the first place. The work to build a system that supports public goods is a public good itself. Summoning the Phoenix This is Ether’s Phoenix: the angel who rewards you for summoning it, a kind of reverse Roko’s Basilisk. It is an algorithm that rewards the early cooperators who created conditions for public goods funding to prosper. It is a future where early investment in public goods is recognized. It is also a mindset: that optimism prevails, that better systems are possible, and that humankind will be rewarded for its cooperative revolution. Granting 100% of centralized sequencer profits to Ethereum protocol development is Optimism’s current (but not final ) contribution to summoning the phoenix. It may not fix all the world’s problems, but it’s a step in the right direction, and who knows where that step could lead? A more harmonious future perhaps, if we dare imagine and build toward it. If that sounds like something you’re interested in doing, check out our job board. We’re always looking for more people serious about doing something that matters (while having fun doing so). GRI out.
CRYPTO:OPUSDLong
by Great_Reset_Investing
2