Optimism changes name to OP Mainnet in line with 'superchain' vision

Quick Take

  • Ethereum Layer 2 network Optimism changed the project’s name to OP Mainnet.

Optimism, the Layer 2 network focused on scaling Ethereum applications through the use of Optimistic Rollups, has changed the project's name to OP Mainnet in a move meant to reflect the objective to create a “superchain” network of many Layer 2 blockchains.

"It’s official: the chain formerly known as Optimism is now OP Mainnet," the Optimism Foundation tweeted. "This distinction clarifies the delineation between the OP Mainnet blockchain and the collective vibe and ethos that 'Optimism' encompasses."

The name OP Mainnet will denote the foundational layer of the envisioned superchain network, which currently hosts over $1.3 billion in total value locked.

OP Mainnet relies on Optimistic Rollups for its operation — a technology that aggregates Ethereum transactions on a secondary layer. The adoption of the technology allows for faster and cheaper transaction processing, addressing increasing scalability concerns within the Ethereum network.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

OP Labs, the developer of OP Mainnet, operates a development software stack referred to as the OP Stack, which enables developers to launch their own Layer 2 blockchains. Crypto exchange giant Coinbase is developing its own blockchain, called Base, using the OP Stack.

 


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Vishal Chawla is The Block’s crypto ecosystems editor and has spent over six years covering tech protocols, cybersecurity, artificial intelligence and cloud computing. Vishal likes to delve deep into blockchain intricacies to ensure readers are well-informed about the continuously evolving crypto landscape. He is also a staunch advocate for rigorous security practices in the space. Before joining The Block, Vishal held positions at IDG ComputerWorld, CIO, and Crypto Briefing. He can be reached on Twitter at @vishal4c and via email at [email protected]

Editor

To contact the editor of this story:
Nathan Crooks at
[email protected]