The Ethereum bull run is in full swing, the soft launch of the Optimism scaling solution will likely fuel continued appreciation.

Ethereum Gets Optimistic Boost

Ethereum had a huge year last year, with transaction fees overtaking those of Bitcoin and daily fee revenue still the highest in the market. Demand for Ethereum applications has been high, and apps like Uniswap dominated the market despite rising network fees.

Optimism’s scaling solution hopes to unbound this growth by reducing the cost of using the number two network.

The Optimism team stated in yesterday’s blog post that “it is finally time to take our first material steps towards alleviating the gas crisis by deploying to mainnet.” 

Many analysts in the market view the Optimism launch as a potential catalyst for further upward price momentum — but the result could go either way.

The Optimism team has been careful to state that bugs may occur in the launch’s early phases. The testnet was rolled out in phases to test specific features in batches, rather than in one fell swoop, perhaps a lesson learned from failed attempts such as the Spadina testnet.

“We want to be sure our features are right and our system is rock solid, which can only be confirmed in the harsh and unforgiving environment of mainnet,” said the Optimism team.

The team listed defense features such as permissioned contract deployment, authenticated withdrawals, and upgrade keys, while urging the community not to view the soft launch as the finished product.

The true launch is due in late February or early March. This will be a crucial moment for Ethereum, and many seasoned traders will be waiting with bated breath to monitor its success.

141 COMMENTS

  1. That is very fascinating, You are an excessively skilled blogger.
    I’ve joined your rss feed and sit up for in search of extra
    of your fantastic post. Additionally, I have shared your site in my
    social networks

  2. Thanks on your marvelous posting! I definitely enjoyed reading it, you’re a great author.I
    will be sure to bookmark your blog and will come back from now on. I
    want to encourage you to ultimately continue your great
    posts, have a nice holiday weekend!

  3. Hey there just wanted to give you a quick heads up.
    The words in your content seem to be running off the screen in Opera.
    I’m not sure if this is a format issue or something to do
    with browser compatibility but I figured I’d post to let you know.
    The style and design look great though! Hope you get
    the issue resolved soon. Thanks

  4. Oh my goodness! Impressive article dude! Thank you, However I am
    encountering issues with your RSS. I don’t know why I am
    unable to join it. Is there anybody else getting similar RSS problems?

    Anyone who knows the solution can you kindly respond?
    Thanks!!

  5. Hello colleagues, its enormous paragraph on the topic of cultureand completely explained, keep it up
    all the time.

  6. Wow, wonderful blog layout! How long have you been blogging for?
    you make blogging look easy. The overall look of your
    website is great, as well as the content!

  7. I am not positive where you are getting your information, however good topic.

    I needs to spend some time studying much more or working out more.
    Thanks for wonderful information I was searching for this info for my mission.

  8. I blog frequently and I really thank you for your information. The article has really peaked my interest.
    I’m going to take a note of your blog and keep checking for
    new information about once a week. I subscribed to your
    Feed as well. scoliosis surgery https://0401mm.tumblr.com/ scoliosis surgery

  9. Greetings! I’ve been reading your website for some time now and finally got the courage to go
    ahead and give you a shout out from Kingwood Tx! Just
    wanted to mention keep up the good job!

  10. I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a designer to create your theme? Excellent work!|

  11. I’ve been surfing online more than 3 hours as of late, yet I by no means discovered any fascinating article like yours. It is pretty price enough for me. In my view, if all webmasters and bloggers made just right content as you did, the web will probably be much more helpful than ever before.|

  12. Hello, i read your blog from time to time and i own a similar one and i was just wondering if you get a
    lot of spam remarks? If so how do you protect against it, any
    plugin or anything you can recommend? I get so much
    lately it’s driving me insane so any help is very much appreciated.

  13. What a material of un-ambiguity and preserveness of valuable knowledge on the topic of unpredicted emotions.|

LEAVE A REPLY

Please enter your comment!
Please enter your name here