Many performance benchmarks in the blockchain industry offer a misleading perspective. @karl_dot_tech explains the discrepancy between synthetic testing and actual performance results. The commentary highlights how easily metrics can be manipulated and notes that a universal framework is ineffective for specialized chains. You are invited to watch the comprehensive breakdown below.
When analyzing the costs, the comparison is quite revealing. Standard credit card processing involves a fee of 2.9% added to $0.30 per transaction. Wire transfers typically cost between $15 and $50 per transaction with a settlement period of 1 to 3 days. Similarly, ACH payments take 1 to 3 days and range from $0.20 to $1.50 per transaction. On the other hand, OP Mainnet boasts 99.99% uptime and near instant block times for a fee of approximately ~$0.0003 per transaction. The justification for this business model is unmistakable.
Because every onchain business is distinct, the policies used for block building need to be equally specialized. The OP Stack delivers the necessary frameworks and tools to make this level of customization possible. 🎤 @sanjsmehta
Identify the potential unleashed by customizing blockchains. How does the OP Stack provide the necessary tools to achieve this? @karl_dot_tech breaks down this upcoming phase in the crypto sector ⬇️
While attending the Scaling Summit, @jinglejamOP discussed the exponential surge of the Optimism ecosystem and its function in supporting the next generation of blockchains. Expectations include 6B+ transactions in 2025. This signifies 29x growth, which is 4x faster than any other ecosystem.
If you were unable to participate in the Scaling Summit, the recordings are now available for your review. We have prepared a complete YouTube playlist that features indexed chapters for every presentation, allowing you to easily navigate through the content. You can access the full series of talks via the link below.
At the Scaling Summit, @cypher_nk representing @StartaleGroup highlighted the process of building entertainment use cases on @soneium that realize true product-market fit.
An insightful breakdown by @marek_ from @Celo highlights how the Superchain ecosystem has empowered the team to ship features faster. The contrast is clear: while operating as an L1, the network managed 2 hardforks/year, but since migrating to an L2 on the OP Stack, they have executed 4 hardforks in 12 months. Furthermore, by working with @SuccinctLabs to incorporate ZK fault proofs, the platform is now able to fully inherit @ethereum security.
The utilization of block space must put humans at the forefront. @world_chain_ is dedicated to making this a reality. Featuring insights from @zeroXforerunner at the Scaling Summit.
Insights from @Nsantoma at the Scaling Summit remind us that engineering a top-tier app or protocol is just one step in the process. Generating liquidity and attracting a user base presents a unique set of challenges. Fortunately, ecosystems like @inkonchain are built to address these exact hurdles. With backing from @krakenfx, they deliver the crucial elements of distribution, established trust, and user access.
The Optimism ecosystem is expanding with the arrival of @ether_fi on OP Mainnet 🔴. As a prominent crypto neobank, they bring a massive influx of 300,000+ accounts and $160M+ in TVL. See the entire announcement from the Scaling Summit here👇
Reflecting on the Scaling Summit, we are pleased to share the experiences that stood out most to us. The event was defined by fantastic attendees and a vibrant atmosphere. We gained profound technical knowledge and participated in meaningful dialogue regarding onchain growth. Furthermore, the sessions offered insightful analysis on how exceptional user experience is fueling retail adoption.
We have a single mission: to bring blockchain to the world. To share this vision, Optimism is presenting two sessions today on the Main Stage at @EthereumDenver ⛰️. Join us at 2:30 PM MST to hear @ben_chain discuss The New Age of Scaling. Later in the afternoon, @karl_dot_tech will cover L2s & Enterprise Adoption at 3:55 PM MST.
At The Scaling Summit, we confronted the most pressing issues head-on. Our discussions focused on strategies for retaining users despite the scarcity of attention and methods for distinguishing your project in a landscape of similar developments. We also addressed the challenge of creating compliance frameworks that support rapid progress, as well as the evolution of stablecoins and RWAs from mere builder narratives to instruments of global adoption. We are incredibly grateful to every partner, founder, and builder who made this event a reality.
The Optimism Scaling Summit is currently in full swing. This event has united builders, founders, and enterprises in a single venue, where they are collectively working to expand the boundaries of onchain capabilities.
Get ready as the Optimism Scaling Summit takes place tomorrow 🔴.
We are gathering enterprise leaders, developers, and Superchain partners to explore exactly what is required to construct onchain infrastructure that is scalable and secure.
If you are unable to join us in person, you can watch the live broadcast on 𝕏.
Please reply below with your most important question concerning onchain scaling 👇.
With only a few days remaining until the Optimism Scaling Summit, the countdown has officially begun. We recommend activating your notifications to ensure you receive an alert the moment the broadcast starts. The event will be streaming live on 𝕏 at https://x.com/i/broadcasts/1mrGmBPEwaDJy