Fun

Optimism to roll out new Superchain features for layer-3 devs

News Feed - 2024-05-09 12:05:39

Martin Young5 hours agoOptimism to roll out new Superchain features for layer-3 devsThe layer-2 Ethereum scaling provider wants to onboard developers to build layer-3 DApps on its Superchain.1849 Total views9 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksEthereum scaling solution provider Optimism is looking to take its blockchain throughput a step further by onboarding layer-3 applications on top of the OP Stack.


On May 8, the Optimism team said that they were welcoming layer-3s to the Superchain where they can build on the OP Stack and share revenue with the Optimism Collective.


The OP Stack is the open standard codebase that powers development on Superchain, but it “isn’t limited to L2 chain deployers and app builders,” said the team before adding “it can also be leveraged by an ecosystem of L3s.”


Optimism Superchain is a network of layer-2 chains, known as OP Chains, which share security, communication layers, and open-source technology.


Layer-3s will have access to benefits like eligibility for retro funding, airdrops, and developer grant programs, but may have limitations on certain features like interoperability, it noted.


Layer-3 protocols are built on top of layer-2s to host application-specific decentralized applications, providing enhanced solutions for scaling, performance, interoperability, customization, and costs.Blockchain layers. Source: CoinGecko


There are two key features coming to the OP Stack to support L3 builders — custom gas tokens, and “Plasma Mode.”


Custom gas tokens, a highly requested feature in the final stages of development, allow developers to use a layer-2 token as the native gas token for a layer-3 protocol. This lowers onboarding costs as there is no need to perform costly transactions bringing gas tokens from L1 to L2, and then onto L3.


Plasma Mode is an alternative to the data availability layer which can reduce the fixed overhead cost of operating an L3 compared to an L2. Data availability refers to the ability of network participants to access and verify the data stored on the blockchain.


Related:Polygon’s ZK-rollup Ethereum scaler Miden hits testnet


The goal is to make the Optimism Superchain more accessible to developers by offering layer-3 features and functionality.


However, not all are convinced that L3 is the way forward for Ethereum scaling. In April, Polygon CEO Marc Boiron argued that layer-3 networks were not necessary and could increase security risks to Ethereum by capturing value from the network.


On May 9, Boiron reiterated his stance claiming that “L3s are worse than L2s,” before adding:“L2s allow you to settle back to Ethereum frequently and quickly. L3s do not. They always need to pass through their L2 overlords.”


Ethereum co-founder Vitalik Buterin commented on L3s in late 2022 stating that they will serve a different purpose to scaling by providing “customized functionality.”


Rollup-based Optimism, or OP Mainnet, is the second largest layer-2 network with a total value locked of $6.76 billion giving it a market share of around 18%, according to L2beat.


Magazine:ZK-rollups are ‘the endgame’ for scaling blockchains: Polygon Miden founder# Ethereum# DApps# Scalability# Layer2Add reaction

News Feed

Report: Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle
Report: Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle Research by Bitflyer released today indicates the growing popularity of the
Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond
Stanford Alumni Revealed as Co-Signers of FTX Co-Founder"s $250M Bond According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhat
An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash
An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash On March 2, 2021, the average fee on the Ethereum network costs around 0.0083 ETH in gas or a
Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com
Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com The crypto firm Blockchain.com has revealed it has secured up to $100
Tom Mitchelhill3 hours agoUS House Democratic coalition creates AI working groupRepresentative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” p
Derek Andersen3 hours agoSEC reverses decision on sealing, redacting some documents in Binance.US caseThe documents filed Aug. 28 may be seen by the public in a week. They are not all the sealed documents in the case, ho
Prashant Jha10 hours agoCrypto P2P scams in India show digital asset education is neededScammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account
Curve Finance soft liquidation works, but CRV plunges 28%
Josh O"Sullivan56 minutes agoCurve Finance soft liquidation works, but CRV plunges 28%Curve Finance’s LLAMMA successfully handled liquidation during a hack attempt, but the CRV token fell by 28%, sparking concerns in t
Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals
Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto asset
Why Bitcoin ETFs with ‘zero flows’ don’t mean what you think
Tom Mitchelhill7 hours agoWhy Bitcoin ETFs with ‘zero flows’ don’t mean what you thinkOver 2,000 United States ETFs see no inflows on any given day — something that’s “very normal,” says ETF analyst James S
Megan Nyvold11 hours agoBlockchains are becoming dollarized: Now what?The merit of stablecoins is that they create demand for the blockchain — driving fees that are necessary to pay for mining, and hence security.703 T
Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar’s Decline
Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar"s Decline The total quantity of gold held in reserves by central banks topped 36,000 to