We are heading towards the Optimism Network.

We are heading towards the Optimism Network.

By Rupanshu kumar | Rupanshu-kumar | 21 Aug 2023


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Hello guys, 

Take a look at the optimism network that we are going to adopt.

 

The new Publish0x banner has given a new announcement to all the users that they are switching to the Optimism network and changing the tipping token to $OP from $AMPL and $SPOT in the next 3–6 week.Soon, the confirmed date will be made public. Users can withdraw their tokens, and UnWithdraw $SPOT and $AMPL balances will be swapped to new tokens.

 

The new Optimism network is going to be huge, as till now, to withdraw tokens from publish0x, there are only two ways: one is Kucoin, and another is the Ethereum mainnet.

  • Kucoin requires a KYC; in my experience, their rules are so conditional and frequently change many times according to their benefits, not the benefits of users.
  • The Ethereum mainnet has high gas fees, and most of your tipped income is lost in between transactions and token swaps.

 

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What is the optimism network?

It is an L2 blockchain designed to provide secure and fast transactions at a fraction of the cost of Ethereum. It combines its mainnet chain with other L2 chains to form a superchain. It's like an extension of Ethereum.

The Optimism network has built upon ethereum, which provides users with a much more secure and fast transaction at a fraction of the cost with the help of its rollup technology. About 90% deduction in cost in both transaction and token swap.

 

In my opinion, it's a great update that's going to enhance the user experience and convenience for all the users. As it's still a developing project, it has potential in the near future for better results.

At this time of writing, the OP is currently at $1.47, which has also reached $3.01 and has the potential to grow more.

 

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Crypto trading platform : Kucoin

 

That's for today guys, see you soon.   

Thanks for reading.

 

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Rupanshu kumar
Rupanshu kumar

From Small Beginnings Come Great Things.


Rupanshu-kumar
Rupanshu-kumar

From Small Beginnings Come Great Things.

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