[Digital Today Reporter Chigyu Hwang] Optimism, an Ethereum scalability enhancement system, delayed the mainnet launch schedule from March to July.
Optimism shared the acting content through the company blog.
Optimism is developing a roll-up-based layer 2 network that can quickly and cost-effectively process transactions while being connected to the Ethereum mainnet to reduce rapidly increasing Ethereum-based transaction fees and gas costs. [Related Article] Uniswap Version 3 Coming On May 5th… Converted to Layer 2
Regarding schedule delays, Optimism was cited as a reason that too rushing can lead to dangerous consequences. There was a real risk that the project could be duplicated by malicious actors.
Optimism will first unveil a testnet capable of responding to malicious actors at the end of April, followed by a mainnet around July.
In recent years, the Ethereum ecosystem has increased interest in layer 2 technology developers. There are also cases of attracting investment. [Related Article] Ethereum is expensive and slow, so roll-up layer 2 startup ransom price rises
Optimism attracted attention last month by attracting a $25 million investment from Silicon Valley’s leading venture capital firm Andressen Horowitz. Recently, Starkware, which develops Ethereum Layer 2 based on ZK-rollup technology, has attracted an investment of $75 million. This investment was led by a crypto fund, a paradigm.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.