Optimism OP

On 2024-04-24 the current Optimism price/exchange rate is 2.447 EUR.

Optimism (OP) is a Layer-2 blockchain network created on top of the Ethereum network.

The goal of Optimism (OP) is to scale the Ethereum network, by reducing transaction fees and saving time when executing transactions.

Optimism is one of the most efficient Layer-2 protocols built on the Ethereum network. 

About 97 protocols use the Optimism infrastructure.

The largest of those protocols are Synthetix (SNX) and Uniswap (UNI). 

The value of around 500 million US dollars is locked in Optimism smart contract protocols.

Optimism uses the technology known as Optimistic Rollups. 

The short explanation for Optimism Rollups is that it’s a protocol that collects hundreds of transactions (NFT minting, swaps, etc.) and bundles them into a single transaction.

This reduces the cost of gas fees and network congestion. 

The transactions are securely stored on the Ethereum Mainnet.

The Optimism network also has its own OP token, which gives holders certain rights in managing the network.

There are around 911 million OP tokens in circulation. 

The total supply of the OP token is 4,294,967,296.

The Optimism (OP) network is offering a scaling solution for the Ethereum network without sacrificing decentralization and security.

The biggest advantages of Optimism (OP) are:

Optimism can improve scalability by 10-100 times (depending on the type of transaction).

Thanks to its Optimistic Rollups technology, the Optimism protocol includes multiple transactions in one set and displays them as one transaction, due to which fees are significantly reduced.

Since Optimism (OP) is a Layer 2 network using the Ethereum infrastructure, all transactions are settled on the Ethereum Mainnet, giving users the secure and decentralized environment of the Ethereum blockchain network.

The Optimism (OP) token can’t be mined the way Bitcoin or other Proof-of-Work (POW) networks are mined.

Optimism has customized elements of Proof-of-Stake (POS) consensus in order to develop an ecosystem in which value is generated for users who actively participate in the operation of the network.

The Optimism Foundation is a non-profit organization that founded the Optimism blockchain network and is working on its improvements.

Optimism aims to become a network that will be oriented toward the development of decentralized solutions.

On the Bitcoin Store platform, you can easily buy Optimism and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Optimism in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store OP on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: