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Optimism launches Law of Chains to enhance Superchain infrastructure 

In this post:

  • Optimism has released a report on its recent release of Law of Chains which provides an open neutrality framework for participants in the OP Stack Superchain ecosystem.
  • Superchains will benefit from constant development and access to better and more accessible infrastructure.
  • Optimism has attracted more growth, such as Worldcoin’s migration to the scaling solution.

Optimism, an Ethereum L2 scaling layer, has released a report on its recent release of Law of Chains which provides an open neutrality framework for participants in the OP Stack Superchain ecosystem. The project aims to promote the fundamental concepts of user protection, decentralization, and economic autonomy. Meanwhile, feedback from the community is welcome on the current v0.1 version.

Optimism’s Law of Chains to improve Superchains

The Law of Chains provides the framework for identifying an MVP of the Superchain and guides Optimism Governances. Optimism Governance shifts from overseeing a single chain to overseeing a standard shared by multiple chains, establishing the qualities needed to join the Superchain and giving users security as they move across and conduct transactions with its priority.

The Optimism report explains that the Law of Chains first lists numerous stakeholder types throughout the ecosystem. The protections and expectations that should be accorded to those participants are then defined, along with the principles that must be respected while making choices that impact them. 

Users can use the OP Stack however appropriate because it is a public good with an MIT license. For those who desire to participate in the positive sum game, the Law of Chains will only apply to OP Chains that want to join the Superchain.

Optimism believes the Superchain will be able to maintain homogenous, neutral, and open block space through the Law of Chains. A dedication to the Law of Chains entails protecting the interests of chain users, creators, and other stakeholders. If a chain is a member of the Superchain, it can reliably show its block space’s neutrality, openness, and homogeneity, supported by Optimism governance. Optimism intends to formally include it in its governance and the initial governance procedure for the new chain joining the Superchain ecosystem in the upcoming quarter.

Superchains will also benefit from constant development whereby they will have access to the latest technology without having to bother maintaining it themselves, thanks to shared updates. In addition, they will make it possible for Superchains to access better and more accessible infrastructure. Since every chain in the Superchain has demonstrated a sincere commitment to a certain standard, they can cooperate to guarantee the accessibility and cost of essential services like indexing and sequencing.

Optimism has been attracting more growth

Worldcoin, a decentralized ID and wallet protocol, has moved its activities to Optimism. By making this change, Worldcoin hopes to prepare for its upcoming launch by using the scalability capabilities that come with its deployment on Optimism, such as user account migration and adding Uniswap functionality to the World App.

The protocol highlighted its dedication to building a scalable, inclusive future that unleashes the full potential of crypto and furthers the evolution of identification on the blockchain. This migration includes building bridges from Ethereum to Polygon and Optimism for the World ID system. 

Worldcoin’s move complies with Optimism’s newly developed Superchain concept, which encourages the interoperability of several chains on top of the L2 platform, transforming it into a platform for chains. The move also enables its core features, such as ID validation services, while bringing this decentralized protocol’s benefits to the L2 layer. For instance, Worldcoin claims that its ID features could improve the Citizens House’s operation. This governance element aims to assist in retrospectively allocating cash to important public goods of the protocol.

Meanwhile, more than 2 million people have already signed up for Worldcoin, mostly from nations with numerous Orbs—the biometric devices required to include users by reading their irises and recording their data in the protocol—such as Barcelona, Berlin, Buenos Aires, New York, Seoul, and Tokyo.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

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