Optimism

Feb 21, 2023 | Blockchain, Projects

The brand that pledges to uphold the values of Ethereum by developing infrastructure that promotes growth and sustainability, properly rewarding those who create or sustain public goods.

Optimism – The low-cost and lightning-fast Ethereum L2 blockchain

 

Problem

  • Public goods such as blockchains are the foundation of our society.
  • But they often go underfunded when incentives aren’t properly aligned, forcing many to make trade-offs between earning a profit and building for the public good.

Solution

  • Meet Optimism; the brand that pledges to uphold the values of Ethereum by developing infrastructure that promotes growth and sustainability, properly rewarding those who create or sustain public goods.

Value Proposition

  • Optimism is Ethereum, scaled: low-cost and lightning-fast, offering permissionless structure, decentralization and open source
  • All profits will be donated towards scaling and sustainability

Underlaying Magic

  • Optimism uses advanced data compression techniques to speed up and cut the costs of Ethereum transactions called Optimistic Rollups
  • Simple and elegant: A few lines of code separate Optimism from Ethereum’s battle-tested infrastructure
  • Click & deploy: Optimism is equivalent with the Ethereum Virtual Machine, not just compatible. This means all Ethereum apps and tooling just work.

Business Model

  • The Optimism Protocol generates steady revenue streams 
  • The Optimism Collective allocates this revenue to projects and communities building for the common good, balancing long-term vision with short-term incentives.