News

Optimism Uses The On-chain Proof Protocol EAS To Promote OP Distribution

Key Points:

  • Optimism will use the on-chain-proof protocol Ethereum Attestation Service to promote a fairer OP distribution and community voting system.
  • Users can use this technology to prove information they believe to be accurate.
  • The technology could also support the work of the Optimism Collective by providing the group with the information it needs to distribute OPs to community members.
Optimism will use the on-chain-proof protocol Ethereum Attestation Service (EAS) to promote a fairer OP distribution and community voting system on the blockchain.

Optimism users can use this technology to prove information they believe to be accurate. Such as whether a person built or contributed to a particular project, whether a person made a profitable transaction, etc.

This could promote fairer OP token distribution and community voting systems on Optimism. EAS’ launch aims to enable Optimism users’ to allow them to verify on-chain content that could sway how the platform’s native OP tokens are distributed and how users interact with one another more broadly.

EAS serves as the base layer for coordinating, creating, and registering unique attestation schemas. This allows for interoperability and composability between various attestation protocols and solutions, enabling the attestation layer to evolve over time.

Using EAS, users can also post a publicly accessible, on-chain record of how the collective distributes tokens. This could allow on-chain analysts to more easily understand who is receiving OP tokens and for what purpose, promoting transparency across the entire ecosystem.

The technology could also support the work of the Optimism Collective, an entity that rewards ecosystem contributors with cryptocurrency, by providing the group with the information it needs to distribute OPs to community members who actively contribute to the blockchain.

Developers will be incentivized to build critical infrastructure on Optimism and work on other projects to improve user experience in the ecosystem.

The technology will allow developers to create innovative identity products across Optimism, and other networks such as Base, Polygon, and Ethereum.

Such a service could include products such as an aggregated rating system for DeFi users’ reputations that could assign an individual a reputation score based on other users’ attestations of their interactions with that individual.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

1 hour ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

2 hours ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

3 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

3 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

4 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

6 hours ago

This website uses cookies.