Stay informed with Blockchain Today. Enable desktop notifications.

Optimism (OP) News



Optimism hack

Hacker Stole 20 M Optimism OP Tokens, Transferred 1 M to Buterin

by

Ethereum Layer 2 scaling solution Optimism was exploited and lost 20 M tokens. The hack happened as the crypto market-making company Wintermute accidentally provided the platform a multisignature address for the liquidity addition and facilitation of transactions. The address wasn’t deployed on...

Optimism tokens airdrop

Optimism's OP Token Falls 65% After the Airdrop

by

Ethereum layer 2 scaling solutuion Optimism launched its native token OP today through an airdrop. After the launch the price of the token dropped by around 70%, falling from $4.5 to $0.7. Currently, OP trades at around $1.3. The Optimism team announced an airdrop of the 5% of the total supply of...

Ethereum Optimism funding

Optimism Raised $150 M at $1.65 B Valuation

by

Optimism, which is an offchain scaling solution for Ethereum, attracted $150 M in a Series B funding round. Investors have valued the project at $1.65 B. Paradigm and a16z led the round. A blog post by the company says within a year since its release on the mainnet, Optimism has allowed users to...

Ethereum Optimism vulnerability fixed

Optimism Awarded $2 M for a Discovered Vulnerability

by

Ethereum offchain scaling solution Optimism revealed that there was found a vulnerability in the codebase by software engineer Jay Freeman (saurik), who reported the issue. The bug would enable a hacker to print assets on any chain via a fork of go-ethereum. Optimism patched the bug, and awarded...

Ethereum Optimism whitelist

Ethereum Scaling Solution Optimism Removes Whitelist

by

Optimism, one of Ethereum’s off-chain scaling solutions, that uses rollups techniques revealed, removing its whitelist. Now, anyone can deploy applications to the Optimism mainnet. Originally Optimism launched with a whitelist, and only projects included in it could deploy smart contracts on the...

Optimism launch date

Scaling Solution for Ethereum, Optimism Put Off its Launch

by

Layer 2 scaling solution for Ethereum environment, Optimism informed about postponing the mainnet release no sooner than July. The rollout was expected to go live this week. According to Optimism, the launch date isn't certain as it requires the united work of the Ethereum community. Particularly,...

Optimism funding

Ethereum Scaling Firm Optimism Boosts $25 M in Series A

by

A startup, constructing Layer 2 scaling clue for the Ethereum ecosystem Optimism, boosted $25 M in Series A backstopping. The procession was led by a private American financing provider Andreessen Horowitz also known as a16z. The firm issued an article concerning its view of Ethereum and...

Optimism

Optimism launches testnet of its Ethereum scaling solution

by

The Optimism startup, which is developing a second-tier scaling solution for the Ethereum network called optimistic rollup, has launched a limited testnet. According to the developers, the process of launching the solution will be phased - an optimistic rollup will be integrated with a small group...