Optimism (OP) is a cryptocurrency based on Layer 2 technology that addresses the scalability issues of blockchain platforms like Ethereum. It offers faster and cheaper transactions compared to the main Ethereum network. The OP token serves as a medium of exchange and a governance token, allowing users to participate in decision-making processes. Optimism focuses on reducing transaction costs, increasing throughput, and enhancing privacy and security through its decentralized architecture. It is compatible with Ethereum wallets and can be traded on decentralized exchanges.
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The Australian Dollar (AUD) is the official currency of Australia, issued by the Reserve Bank of Australia (RBA). AUD is often influenced by commodity exports like gold and iron ore. Australia has a strong blockchain industry, and AUD-backed stablecoins provide a way to transact in crypto while maintaining value stability.