2021-3-27 20:55 |
Ethereum scaling solution Optimism roll-up has delayed the launch of its mainnet, according to an announcement posted on its Medium page.
Quick Launch Could Pose RisksOptimism has been working on the Ethereum scaling solution since June 2019. It had announced in February that the arbitrary contract deployment on the mainnet would launch in March.
The new date, according to Optimism, is not set in stone, as the project is a collaborative effort of the Ethereum community. The blockchain firm requires collective preparedness from everyone involved.
The Ethereum scaling company also said the ecosystem has to be ready and stable before going out to the public.
“Today, we are announcing that we are delaying official public mainnet in favor of a more coordinated community launch. Our goal is to make sure that foundational projects, infrastructure providers, block explorers, wallets, and token bridges have time to integrate, audit and test.”
The team had been optimistic that the February investment from Andreessen Horowitz’s venture arm a16z would fast-track its plans to boost Ethereum’s throughput challenges.
Optimism says that if they insist on proceeding with the launch, there is a real risk of bad actors forking decentralized applications (dApps) to defraud users. In that light, they would go with a more concerted community launch.
The postponement would present them with an ample opportunity to reshape their engineering purposes. This will see them make systematic contributions, integrations and provide greater visibility for the Ethereum network members.
The team also said the delay would give them ample time for testing, auditing, and integrating block explorers, infrastructure providers, and token bridges.
Rollups To The RescueOptimism offers a scaling solution known popularly in the Ethereum circle of developers as “roll-ups.” These tend to compile thousands of transactions into a single file and take the work off the shoulder of the mother blockchain Ethereum.
Optimism is not the only side project looking to resolve the Ethereum trilemma. Hermez Network, which recently went live, offers another scaling option called the zero-knowledge proof (zk-rollups) solution. Both protocols operate similarly. They validate transaction blocks off-chain and resubmit the verified blocks to the Ethereum network.
These side projects aim to achieve faster transaction speed, as the Ethereum network is no longer validating blocks by itself but delegating. They also want to reduce gas fees- a significant reason blockchain projects like Polkadot and Cardano are gaining steam.
Vitalik Buterin, Ethereum co-founder and CEO, has been very open about his admiration for the projects. According to a post on his website, Buterin said roll-ups could help Ethereum keep its competitive edge in the crypto space as they have used the case for the short term and even into the nearest future. But he said roll-ups still have a long way to go.
The post Ethereum Layer 2, Optimism, Delay’s Mainnet Roll Out to July; Doesn’t Want to Rush ETH Community first appeared on BitcoinExchangeGuide.Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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