Ethereum Layer 2 Scaling Mission Optimism Postpones Mainnet Launch, Says Its Working In the direction of July Launch

Key highlights:

  • Optimism has postponed the general public launch of its mainnet, and now offers July as an estimated date for launch
  • Optimism is a Layer-2 Ethereum scaling resolution that makes use of optimistic rollups
  • The Optimism is already reside however solely whitelisted initiatives can deploy on it

Optimism postpones public mainnet launch

Optimism, arguably probably the most hotly-anticipated layer-2 scaling resolution for Ethereum, has postponed the launch of its public mainnet. After beforehand saying that they’d launch the general public mainnet already in March, the mission now estimates that the general public mainnet will go reside in July.

Optimism makes use of optimistic rollups, a layer-2 scaling approach that may present scalability enhancements of between 10x and 100x. 

Based on the Optimism group, most neighborhood members and the mission’s companions aren’t but prepared for the general public mainnet launch. Tasks who’re engaged on integrating Optimism didn’t have sufficient time to organize for launch below the quicker timeline that was initially introduced by Optimism in February. The Optimism group wrote:

“Our purpose is to be sure that foundational initiatives, infrastructure suppliers, block explorers, wallets, and token bridges have time to combine, audit and check.” 

The Optimism mainnet is at the moment reside, however solely whitelisted initiatives may be deployed on it. Based on the Optimism group’s submit, those that have used the Synthetix protocol by Optimism have already collectively saved round $10 million in charges.

The submit states that the general public Optimism testned will probably be opened on April 20 for the needs of the Scaling Ethereum hackathon. 

Optimism is the layer 2 resolution of alternative for Uniswap, one of the vital necessary decentralized apps within the Ethereum ecosystem. The Uniswap group not too long ago introduced that Uniswap v3 will probably be coming to the Ethereum mainnet on Might 5. After the mainnet launch, the group additionally plans to deploy Uniswap v3 on Optimism, however it stays to be seen how Optimism’s postponement will have an effect on Uniswap’s Layer 2 plans.

The postponement is disappointing for these which have been itching for adoption of Layer 2 options to scale back the prices of utilizing Ethereum. Nevertheless, Optimism is much from the one mission that’s engaged on Layer 2 scaling for Ethereum – initiatives like Starkware, Loopring, OMG Community, Connext and others provide alternate options for various use-cases.

Related Articles

KuCoin Launches ZKT’s World Premiere and Takes Part in zkTube Layer2 Mining

zkTube is the world’s first Layer 2 mining protocol based on ZK-Rollup technology. Starting from 2020, in Melbourne-Australia, the company has achieved several significant...

Buying Your First Crypto? 10 Things You Should Know

Between dogecoin’s cameos on U.S. television and bitcoin’s growing acceptance on Wall Street, cryptocurrency is reaching a wider audience than ever before. Skyrocketing prices...

Weekly and 4 Hr Chart Analyses Reveals Buy Signal for Polygon

Polygon recently set a new record for highest bounty paid in DeFi. The team at Polygon paid a two million US dollar worth of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

KuCoin Launches ZKT’s World Premiere and Takes Part in zkTube Layer2 Mining

zkTube is the world’s first Layer 2 mining protocol based on ZK-Rollup technology. Starting from 2020, in Melbourne-Australia, the company has achieved several significant...

Buying Your First Crypto? 10 Things You Should Know

Between dogecoin’s cameos on U.S. television and bitcoin’s growing acceptance on Wall Street, cryptocurrency is reaching a wider audience than ever before. Skyrocketing prices...

Weekly and 4 Hr Chart Analyses Reveals Buy Signal for Polygon

Polygon recently set a new record for highest bounty paid in DeFi. The team at Polygon paid a two million US dollar worth of...

New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options

Bondly has announced a new functionality on the Cardano blockchain that is aimed at creators. Energy consumption has been a major problem on the...

Near Protocol Offers $800M in Grants in Bid for DeFi Mindshare

While the Fantom, Harmony, Avalanche and Celo blockchains have all launched nine-figure ecosystem development funds, Near may be setting a new high-water mark with...