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Optimism vs Arbitrum: Which Ethereum Layer 2 is Best?


by CoinEdition
Optimism vs Arbitrum
  • Optimism and Arbitrum are prominent layer-two networks on the Ethereum network.
  • Both protocols work by deploying optimistic rollups to combine hundreds of transactions into one.
  • Despite their similarities, both networks imbibe unique attributes that differentiate them.

Optimism and Arbitrum are prominent layer-two networks that enable scalability on the Ethereum network. Both protocols work by deploying optimistic rollups to combine hundreds of transactions into one, relieving Ethereum of significant traffic. Despite their similarities, both networks imbibe unique attributes that differentiate them, and users tend to compare them when considering which protocol is suitable for their projects.

The main technical difference between Optimism and Arbitrum is that Optimism uses single-round fraud proofs, while Arbitrum uses multi-round fraud proofs. It implies Optimism would enable faster transactions, but that comes at a cost. The transactions are relatively more expensive due to higher gas fees. 

Single-round fraud proofs are more expensive because they execute on Layer-one. However, the system is diffe…

The post Optimism vs Arbitrum: Which Ethereum Layer 2 is Best? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Optimism vs Arbitrum: Which Ethereum Layer 2 is Best?


by CoinEdition
Optimism vs Arbitrum
  • Optimism and Arbitrum are prominent layer-two networks on the Ethereum network.
  • Both protocols work by deploying optimistic rollups to combine hundreds of transactions into one.
  • Despite their similarities, both networks imbibe unique attributes that differentiate them.

Optimism and Arbitrum are prominent layer-two networks that enable scalability on the Ethereum network. Both protocols work by deploying optimistic rollups to combine hundreds of transactions into one, relieving Ethereum of significant traffic. Despite their similarities, both networks imbibe unique attributes that differentiate them, and users tend to compare them when considering which protocol is suitable for their projects.

The main technical difference between Optimism and Arbitrum is that Optimism uses single-round fraud proofs, while Arbitrum uses multi-round fraud proofs. It implies Optimism would enable faster transactions, but that comes at a cost. The transactions are relatively more expensive due to higher gas fees. 

Single-round fraud proofs are more expensive because they execute on Layer-one. However, the system is diffe…

The post Optimism vs Arbitrum: Which Ethereum Layer 2 is Best? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethereum ETFs Attract Steady Inflows Amid Dull Price Action—A Setup for a July Surge?

Ethereum ETFs Attract Steady Inflows Amid Dull Price Action—A Setup for a July Surge?

Leading altcoin Ethereum has remained range-bound since Tuesday, delivering a lacklus...
For Altcoin Whales Trading May be Easier on Bitget Than Binance, CoinGecko Research Finds

For Altcoin Whales Trading May be Easier on Bitget Than Binance, CoinGecko Research Finds

Bitget recently emerged as liquidity leader for top altcoins at smaller depth ranges,...