Scaling Ethereum with optimism
Optimism is a Layer 2 solution that makes Ethereum transactions faster and cheaper while keeping the same security guarantees. Its governance token, OP, is now available for conversions on Bitso.
What is Optimism?
Optimism is a Layer 2 scaling protocol built on top of Ethereum that uses optimistic rollups. By processing transactions off-chain and settling them on Ethereum, Optimism reduces fees and increases speed, enabling a better user experience for decentralized applications. It is part of the broader movement to scale Ethereum without sacrificing decentralization or security.
What is OP?
OP is the governance token of the Optimism Collective, the decentralized community that governs the protocol. Holding OP allows users to vote on protocol upgrades, funding decisions, and ecosystem initiatives. While OP’s primary function is governance, its value is influenced by the adoption of Optimism and the growth of Layer 2 usage.
What makes Optimism unique?
Optimism’s technology enables developers to deploy Ethereum-compatible apps with minimal changes, fostering a vibrant ecosystem of DeFi, gaming, and NFT projects. The protocol also has a unique approach to funding public goods through its governance, reinvesting part of the revenue to support the Ethereum ecosystem.
A closer look at the founders
Optimism was developed by OP Labs, co-founded by Jinglan Wang and Karl Floersch, who were early contributors to Ethereum. Their vision was to scale Ethereum while preserving its core values of openness and decentralization.
Real-world example
A user frequently interacts with DeFi apps but is tired of high gas fees on Ethereum. By using a dApp built on Optimism, they enjoy the same security as Ethereum while paying a fraction of the cost. OP holders, meanwhile, participate in decisions that shape the future of this scaling technology.
How to buy OP on Bitso
- Log in to your Bitso account or sign up.
- Use the conversion feature to swap your local currency (MXN, ARS, BRL, COP, or USD) for OP.
- Enter the amount, review the details, and confirm your transaction.
- Track your holdings and OP’s market performance directly in the app.
Note: OP is only available through conversions on Bitso. It is not supported on Bitso Alpha, and deposits or withdrawals from external wallets are disabled. However, you can send and receive OP between Bitso users via Bitso Transfer.
Disclaimer
OP is the governance token of the Optimism protocol, a Layer 2 scaling solution for Ethereum. Its value is influenced by Layer 2 adoption, usage growth, and governance decisions made by the community. Cryptocurrency investments involve risks, and prices may fluctuate significantly. This content is for informational purposes only and does not constitute financial advice. Bitso encourages all users to conduct their own research (DYOR) before buying or using any digital asset.
