What Makes Optimism Different
Fast Transactions & Low Fees
Similar to other Layer 2 scaling solutions, the Optimism network also provides fast speeds and low transaction fees. This is achieved by using Optimistic Rollup technology, which condenses multiple transactions into a single "rolled up" transaction, and reduces the amount of data that needs to be processed and stored on the Ethereum blockchain.
To ensure the security of transactions, Optimism Rollups offers incentives to its validators for maintaining the validity of their blockchain. This comes with its own set of rules though - to get started, validators must stake a certain amount of tokens as collateral. Once a transaction is initiated, a smart contract verifies the results on Ethereum's Layer 1 against the results of the validator. And based on the outcome of the check, validators are either rewarded for their work, or lose their stake due to their inadequacy or foul play. This way, users can experience the benefits of Optimism's scaling solution while maintaining Ethereum's excellent security through on-chain confirmation.
A Developer-Friendly Ecosystem
One of the greatest features of Optimism is that it's designed to be as simple as possible for developers. With faster transactions and low fees, developers can focus on other aspects of development. Additionally, Optimism allows developers to easily create and manage their own smart contracts, providing more flexibility and control over their DApps.