Browsing:OP

Optimism (OP) fixes major testnet flaws after a tip from rival Offchain Labs
5 days ago 1 min read

Optimism (OP) fixes major testnet flaws after a tip from rival Offchain Labs

After Offchain Labs identified severe security vulnerabilities on its testnet a few weeks ago, Optimism (OP) promptly addressed and resolved them. The aforementioned flaws, which were discussed on April 25th, enabled attackers to modify the records of network activity and carry out intricate assaults. Offchain Labs notified Optimism on March 22 with two significant flaws with the OP Stack fraud-proof technology. Adversaries may have manipulated the chain history by introducing false information or obstructed the legitimate chain by utilizing these vulnerabilities, resulting in technical disruptions. Despite being competitors, Offchain Labs identified and disclosed these significant issues. Developing secure and tamper-proof

Optimism's Unlocking Event: $81 Billion Worth of OP Tokens Set for Release
3 months ago 1 min read

Over 24 million Optimism (OP) tokens worth over $81 million to be unlocked next week

Optimism, the Ethereum layer 2 scaling solution, is about to unlock around $81 million in OP tokens on January 29, 2024, according to Token Unlocks data. Token lock-ups are common in the crypto space, where a portion of the token supply is held back and gradually released over time. This strategy aims to keep early investors and insiders from flooding the market with a large number of tokens right after distribution, which could disrupt the market’s stability. However, such unlocking events are frequently viewed with caution, as they can result in price drops due to the sudden influx of available

Optimism (OP)
4 months ago 2 mins read

Will Optimism (OP) price reach $10 in 2024?

Have you ever wondered where Optimism (OP) is going? This article examines the price trajectory of this rising crypto star, providing both optimistic and pessimistic forecasts for the coming years. What exactly is Optimism (OP)? In a nutshell, Optimism is Ethereum on steroids. It is a layer-two blockchain built on top of Ethereum that allows transactions to be faster and cheaper while remaining secure thanks to the Ethereum mainnet. As a result, it is a popular choice for both developers and users, with over $300 million in digital assets managed on its platform (Total Value Locked, or TVL). 2024 Optimistic

Binance Japan has announced the inclusion of 13 new tokens on its platform for Japanese users, scheduled for November 27.
6 months ago 1 min read

Binance Japan lists $HBAR, $NEAR, $ARB, $OP, $GRT, $IMX, $RNDR, $MANA, $EOS, $GALA, $APE, $KLAY, and $LSK

Binance Japan has announced the inclusion of 13 new tokens on its platform for Japanese users, scheduled for November 27. This move will bring the total number of tokens on the exchange to 47, solidifying its position as a major cryptocurrency platform in the country. Among the newly added tokens are well-known protocols like Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB). The inclusion of these assets enhances the diversity of Binance Japan’s token offerings, catering to the preferences of a wide range of users. The list of added tokens includes $HBAR, $NEAR, $ARB, $OP, $GRT, $IMX, $RNDR, $MANA, $EOS,

Optimism Spreads the Wealth: $26 Million Airdrop for 31,870 Users
8 months ago 1 min read

Optimism Surprises 31,000+ Users with $26 Million Airdrop

Optimism, a Layer 2 network nestled atop Ethereum, has once again delighted its community with a generous airdrop. On this occasion, they’ve allocated $26 million worth of OP tokens to 31,870 addresses that are actively engaged in their DAO, known as the Optimism Collective. This latest airdrop is part of Optimism’s ongoing efforts to boost user engagement on their Layer 2 network while simultaneously rewarding their dedicated participants. The average reward for lucky recipients was 600 OP tokens, equivalent to around $840. However, the actual reward amount varied depending on specific criteria determined by the Optimism team. For those unfamiliar,

Optimism Network Surges 67% in Transactions Following Bedrock Upgrade, Nansen Report Reveals
10 months ago 1 min read

Optimism Network Transactions Skyrocketed by 67% After Bedrock Upgrade

The Optimism network, a layer 2 solution for Ethereum, experienced a significant surge in transactions following its recent “Bedrock” upgrade. According to a Twitter thread by blockchain analytics firm Nansen, transactions on the network increased by 67% since the upgrade on June 7. The Bedrock upgrade was designed to improve the network’s security while reducing deposit times and fees. It also included a number of other features, such as support for more tokens and improved scalability. The upgrade has been well-received by users, with many praising the reduced fees and faster deposit times. The surge in transactions has also been

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