Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.
, aims to help Ethereum users transact quickly and for lower fees. Its tech serves as the foundation for some of the biggest names in blockchain, including the Coinbase exchange's popular Base blockchain and Worldcoin's World Chain–from OpenAI founder Sam Altman.
As layer-2 chains like Arbitrum baked proofs their systems, Optimism lagged behind. For years, this made Optimism the butt of criticism from peers who claimed their own technology was safer and more advanced. In theory, rollup transactions are secured by"proofs," which are cryptographic methods that allow observers on Ethereum to check whether transaction details have been recorded accurately. This is most relevant in the context of withdrawals, allowing users to trust Ethereum–rather than the rollup network–to pull their funds out of the layer-2 chain., and it launched a version of the tech when it first released in 2021 before quickly scrapping it after finding issues.
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