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Optimism announces upgrade to multi-chain L2 platform with Coinbase partnership

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It is reported that Optimism issued an announcement saying that due to the current dispersed users and ecology of L2, Optimism will be upgraded and OP will be …

Optimism announces upgrade to multi-chain L2 platform with Coinbase partnership

It is reported that Optimism issued an announcement saying that due to the current dispersed users and ecology of L2, Optimism will be upgraded and OP will be upgraded to a multi-chain L2 platform based on OP Stack. In the cooperation with Coinbase for Base, Coinbase is not only the core developer of the OP Stack code base, but also a new L2 blockchain based on the OP Stack.

Optimism: Base will become a member of the OP multi-chain L2 platform, and part of the revenue will be included in the OP national treasury

Interpretation of the news:


Optimism, a leading L2 scaling solution for Ethereum, recently issued an announcement regarding their intention to upgrade their platform to a multi-chain L2 platform. According to reports, the reason for this upgrade is to accommodate the current dispersed users and ecology of L2.

Optimism’s upgrade will be based on the OP Stack, which is a framework they developed for building L2 applications. As part of the upgrade, Optimism will be partnering with Coinbase for Base, which is a new L2 blockchain based on the OP Stack. Coinbase will not only be a core developer of the OP Stack code base, but will also be contributing to the development of the new L2 blockchain.

This announcement is significant for a few reasons. Firstly, the move towards a multi-chain L2 platform reflects the growing demand for scalability solutions that can cater to a diverse range of users and use cases. As the Ethereum ecosystem continues to expand, it’s likely that we will see more L2 solutions adopting a multi-chain approach.

Secondly, Optimism’s partnership with Coinbase indicates a high level of collaboration and investment in the L2 space. Coinbase has been actively working on L2 solutions, having recently launched their own L2 scaling solution called Coinbase Rollup. By partnering with Optimism, Coinbase can leverage their expertise and resources to help build a more robust L2 infrastructure.

Overall, Optimism’s announcement represents a positive development for the Ethereum ecosystem and the wider blockchain industry. With more L2 solutions adopting a multi-chain approach and major players like Coinbase investing in L2 development, we can expect to see significant improvements in scalability and user experience in the near future.

In conclusion, Optimism’s upgrade to a multi-chain L2 platform with Coinbase partnership is a significant step forward for the L2 ecosystem. By leveraging their expertise and resources, Optimism and Coinbase have the potential to make significant contributions to the development of L2 infrastructure for Ethereum and beyond.

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