OP Labs

Optimism is a Layer 2 blockchain, designed and built by Ethereum developers. It aims to enhance the speed, stability, and scalability of Ethereum-based applications. The platform is constructed as a minimal extension of the existing Ethereum software, making it compatible with the Ethereum Virtual Machine (EVM) architecture. \n\nThe prime advantage of Optimism is that it allows developers to scale their Ethereum applications efficiently and predictably. This means applications that function on Ethereum can also operate on Optimism. Furthermore, using Optimism reduces the cost of operations significantly compared to Ethereum, providing a more cost-effective solution for developers.