Do you remember the day you took the balance bike off your bike? Maybe you’ve liked them enough already, but you know it’s time to move on.
Now the Ethereum fusion – or Layer 2 solution for scaling transactions – is ready to take the same step.
Glass is half full
Optimistic, a virtual machine from Ethereum [EVM] Compatibility Compilation announced that they have whitelisted their whitelist so any user can deploy their contract without waiting for a review. Optimism manifests itself
“Decentralization is a challenging and ultimately incremental process. The license-free contract implementation gives us the vision of a truly open, accessible and “optimistic” Ethereum. ”
Official publication added,
“The removal of the whitelist also means that we will no longer carry out Regenesis-style updates. All future upgrades will retain all status, transaction history and event data. ”
Previously, users had to meet a number of introductory requirements, review contracts, sign up for the whitelist, and then wait up to two weeks to get a license.
While Optimism admits that the previous model helped communicate effectively with builders, it has announced that the “support wheel” has officially disappeared.
https://twitter.com/optimismPBC/status/1471571413588799494?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener” data-wpel-link=”external
“Don’t know” me!
According to the official announcement, Optimism is almost a year old. However, despite the early birthday news, users still need to keep an eye on the numbers.
At the time of going to press, while optimism is one of the most standout when it comes to overall value [TVL], which fell 8.86% to $ 377 million in seven days.
Source: l2beat.com
You may wonder if there is an immediate cause for alarm now. Well, one factor is the fees. As reported by Arcane Research, transferring ETH can cost around $ 18.11, the same functionality costs $ 0.01 less with Optimism.
Without the hurdle of a whitelist, the possibilities are really tempting.
On a roll … but where to?
The prices of the top cryptocurrencies have fallen across the board since the crash on December 4th, and of course other parts of the ecosystem are also affected.
Arbitrum, a key aggregator within the Ethereum ecosystem, has a TVL of $ 2.26 billion at press time. However, that comes after a 4.63% decline in the past seven days.