Crypto Price Predictions
The Price Prediction section provides background on bitcoin and selected altcoins including overview, founding history, current developments, features, price history, technical analysis and much more. Price predictions cover longer periods. Frequently asked questions are clarified at the end of each coverage.
Cryptocurrency Price Prediction faq
What is an Optimistic Rollup?
Optimistic rollups operate on a principle similar to ZK-rollups, but with a key difference: they presume transactions to be valid unless proven otherwise. Computations are only executed if a transaction's integrity comes under question.
What is the purpose of Optimism?
Optimism is a swift, reliable, and expandable L2 blockchain, crafted by Ethereum developers specifically for their peers. Designed as a modest augmentation to the current Ethereum software, Optimism's architecture, equivalent to EVM, enhances the scalability of your Ethereum applications without any unexpected outcomes. Any application that functions on Ethereum will operate on Optimism, but at a significantly reduced cost.
What is the function of Optimism?
Optimism is a layer 2 chain, meaning it functions on top of Ethereum mainnet (layer 1). Transactions take place on Optimism, but the data about transactions get posted to the mainnet where they are processed.
Is Optimism EVM-compatible?
Absolutely! Optimism is entirely compatible with all Solidity smart contracts and Ethereum libraries. Given that Optimism functions as a second layer atop the primary Ethereum network, it can employ the Ethereum Virtual Machine in the same way as Ethereum does.
