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What is Optimism (OP) coin and how does it work?

by Financial Economy
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Optimism (OP) is a Layer 2 scaling solution for Ethereum that can support all Ethereum applications. In this article, you can find answers to questions such as what is Optimism (OP) coin, how it works, how to get it, which exchange is available on, what is it used for, etc. You can browse here for information about Valencia CF Fan Token (VCF).

What is Optimism (OP) coin and how does it work?

Optimism (OP) is a Layer 2 scaling solution for Ethereum that can support all Ethereum applications. It uses optimistic rollup technology to group batches of batches to save gas fee. The OP is the local government token primarily used to manage the protocol.

According to the statements made, Optimism addresses the practical needs of developers and users and aims to be in a better place day by day. Optimism can be leveraged as much as possible from Ethereum’s tested infrastructure and the application can be built in layer 2.

In addition, according to the statements made, Optimism is not only compatible, but designed to be equivalent to the Ethereum Virtual Machine. This means that all Ethereum applications and tools are working.

Optimism token features!

The Optimism Foundation, on the other hand, is described as a non-profit organization dedicated to growing the Optimism Collective. The team is not only writing software that scales Ethereum technology, but also scaling Ethereum values ​​by building rails for highly impactful projects without a business model to succeed. It is also stated that they will dedicate all profits from running a central sequencer to scaling and maintaining the public goods until the project is completely decentralized.

Which exchange is OP coin on?

Optimism coin is listed on some cryptocurrency exchanges such as Binance, BingX, Deepcoin, Bybit, OKX, etc.

How to buy OP coins?

Optimism coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

OP token supply!

Total supply of Optimism token is 4.294.967.296  units.

OP token price!

As of January 23, 2023, at the time of the writing, 1 Optimism coin price is around $2,24 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

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