Saturday, April 10, 2021

Ethereum Layer 2 Scaling Solution, Optimism, Postpones Its Public Mainnet Launch

Optimism, the Ethereum Layer 2 scaling solution, has delayed its public launch of its mainnet. The mainnet launch was initially slated for this week, but with the latest report, the rollout will not play out as scheduled anymore.

“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.”

Read Also: Messari Analyst Says Institutional Investors Will Start Buying Ethereum (ETH) in 2021. Here Is Why

According to Optimism, the mainnet launch is a collaborative effort of the Ethereum community. So, everyone involved in the project will determine when the mainnet launch will play out:

“Opening mainnet to the public is not something we can do alone,” said Optimism. “It will be a collaborative effort between us, projects, and core infrastructure providers like oracles, wallets, nodes & explorers.”

According to the report, as soon as there is stability in the ecosystem, Optimism will launch its mainnet to the public:

“Community is the most important part of Optimistic Ethereum and listening to your feedback is critical. We’ve spent the last two weeks re-shaping our engineering processes to make contributions, integrations, and visibility much easier for members of the ecosystem.”

The Building Started In June 2019

In June 2019, Optimism commenced the building of the Optimistic Rollup-based Ethereum scaling solution. It’s targeted at increasing the throughput of the Ethereum network (Transaction/Second), which will, in turn, reduce its gas fees.

Read Also: Ethereum 2.0 Phase 0 Is Finally Launched Successfully As PoW Difficulty Hit All-Time High

Earlier in 2021, the soft launch of the solution played out. The Optimistic Virtual Machine (OVM) was launched with the decentralized exchange, Synthetix, indicating that the DEX will integrate the solution in four phases to minimize potential risk to its platform.

According to Optimism, Synthetix users have already started leveraging the capability of the solution and have greatly benefitted from it.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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