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What is OP Mainnet?
OP Mainnet is an L2 smart contract platform for decentralized applications on Ethereum. OP Mainnet was founded by Jinglan Wang, Karl Floersch & Kevin Ho and launched in 2021.How does OP Mainnet work?
OP Mainnet batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (expense).Who governs OP Mainnet?
Optimism team & investors own and govern the protocol. Optimism’s investors include Paradigm, a16z, IDEO CoLab Ventures, etc.Related posts
Weekly fundamentals – From building blockchains™ to building businesses
A weekly data digest for the leading crypto investors and operators.Optimism – a Layer 2 scaling solution for Ethereum
Smit Vachhani, Head of DeFi at OP Labs, walks us through the basics of what Optimism is, how it works, how it's positioned within the Ethereum ecosystem, current growth drivers, challenges, and plans for the future.The values in this graphic are examples and do not reflect actual values. Treat them as approximations.