All About Optimism Chain.

What is Optimism?

Optimism, also known as Optimistic Ethereum, is a layer-2 scaling solution built on Ethereum designed to handle high-speed, low-cost transactions while maintaining a high level of security. Launched by Optimism PBC in March 2021, it is primarily aimed at improving the scalability of Ethereum.

Like other layer-2 solutions such as Arbitrum and Polygon, Optimism is compatible with Ethereum. Optimism seeks to provide developers with a familiar Ethereum environment, complete with improved transaction speeds and lower gas fees. For further details, consult the Optimism documentation.

How does Optimism work?

Optimism also employs smart contracts; self-executing contracts with the terms of agreement directly embedded into the code. These smart contracts offer transparency and reliability by autonomously executing when predefined conditions are met.

Optimism utilizes a version of the Ethereum Virtual Machine (EVM), allowing developers to write, deploy, and execute smart contracts that are as complex as those on Ethereum. This means Optimism has support for things like the ERC-20, ERC-721, and ERC-1155 token standards.

A fundamental innovation behind Optimism is its namesake - specifically, the Optimistic Rollup technology. Here, transactions are executed off-chain in an "optimistic" manner, meaning they're assumed to be correct unless challenged. These results are then batched and submitted to the Ethereum network as a single transaction. If there's a dispute about the correctness of a transaction, a fraud proof can be submitted during a challenge period to correct it. This approach reduces the load on the Ethereum network, enabling faster and cheaper transactions while still leveraging the security guarantees of the Ethereum network.

How to Find Undervalued Tokens on Optimism

On the hunt for the next Optimism token before it breaks out? It can seem hard to find the diamonds in the rough within the crypto sector. However, Moralis allows you to get insight into unbiased on-chain data in real-time. This means you can decipher what is happening, which Optimism tokens are emerging, and what coins experienced buyers are buying before they break out in the charts.

Moralis offers customizable filters that you can take advantage of to supercharge your crypto trading skills. Real-time on-chain data gives you a window into exactly what is going on, and gives you true market alpha for finding undervalued tokens on Optimism.

When you’ve identified an undervalued token on Optimism that fits your personal criteria, you can easily purchase it with the help of Moralis. Simply click the “Buy” button on the token page, and you’ll be able to buy the Optimism coin.

New Optimism Tokens

Looking for the latest tokens to launch on Optimism? Moralis lets you view the newest Optimism tokens with the click of a button. Just navigate to the “New Coins” tab, ensure you’ve selected “Optimism” in the network dropdown, and see all new Optimism tokens.

New tokens are potentially risky investments. As such, make sure to use Moralis’s filters to separate the wheat from the chaff when exploring new Optimism tokens, and DYOR.