Optimism

Optimism (OP)

Full information about Optimism (OP). Current Optimism price in PGK, OP open/close rates, Optimism history charts, Optimism market capitalization and volume.

1 OP = 7.32 K Papua New Guinean Kina (PGK)
1.7947902 PGK

Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago 1 USD = 4.080357 PGK

General information
Global rank:42
Name: Optimism Optimism
Symbol:OP
Current coin price (PGK):7.32 K
Last hour:arrow_upward1.62 %
Last 24 hours:arrow_downward-5.78 %
Last 7 days:8.39 %trending_up
Capitalisation (PGK):9 191 364 270.73 K
Volume 24h (PGK):679 960 862.81 K
Available supply:1 255 070 491.00 OP
Total coin supply:-1 OP
Start date:2021-11-11
Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago

Optimism/Papua New Guinean Kina (OP/PGK) price chart

Optimism/Papua New Guinean Kina (OP/PGK) capitalisation and volume charts

What is Optimism (OP)?

Optimism (OP) is a layer-two platform built on top of the Ethereum blockchain that aims to improve the scalability and accessibility of decentralized applications (dApps). It does this by using a technique called "optimistic rollups," which allow dApps to offload some of their computation and data storage onto a separate layer, while still remaining secure and decentralized. This technique enables low-cost, near-instantaneous Ethereum transactions by batching multiple transactions into one and settling them on the Optimism layer, with the data fed back to the main Ethereum network.Optimism was introduced in June 2019, with a testnet released in October 2019 and an alpha mainnet launched in January 2021. In October 2021, Optimism launched a network compatible with the Ethereum Virtual Machine.

What is OP used for?

OP is used to develop and deploy dApps that can take advantage of the scalability and accessibility benefits offered by optimistic rollups. These dApps could be used for a variety of purposes, including financial applications, social networks, games, and more.

Who created Optimism (OP)?

Optimism (OP) was created by a team of blockchain developers and researchers, including Ethan Frey and James Ray. The team is based in the United States and is funded by a number of venture capital firms and individual investors.