Optimism to Launch Native Cross-Chain Interoperability at Layer 2!

Bittime - Optimism, one of Ethereum's Layer 2 solutions, plans to introduce native cross-chain interoperability on its network. What's that? Read this article to find out the full news!

Layer 2 Can Operate Like a Single Blockchain

Currently, the chains in the Optimism ecosystem, also known as Superchain, relies heavily on the Ethereum Layer 1 mainnet for secure communication and asset transfer. 

To address this issue, Optimism has put together a plan to implement native interoperability within Superchain. It aims to enable assets and users to move seamlessly between existing chains so that they can be accessed anywhere through integrated applications.

The interoperability solution offered by Optimism is designed so that Superchain operates like a single blockchain. This way, users, assets, and developers can move between networks easily, without having to worry about compatibility or security issues.

Stages of Optimism Development

Optimism's revealed development plans include several important features that will support cross-chain interoperability. 

One of its key features is a cross-chain messaging protocol, which will enable secure and efficient communication between different chains in the ecosystem. 

In addition, there will also be introduced a universal token standard known as SuperchainERC20, designed to increase cross-chain portability for digital assets.

To ensure security in asset transfers, developers will also implement a system fault-proof which is interoperable. This system aims to guarantee that every transaction or transfer of assets between chains can be carried out safely and without the risk of losing assets.

Read Also: Kinto Layer 2 Network Gives Mining Reward, 2% of Token Supply!

Testnet and Mainnet Launch

This implementation plan will begin with launch devnet as a development network, which will be used to test the new messaging protocols and token standards. 

After that, it will continue with the launch testnet for further testing before finally being implemented on mainnet to enable real-time cross-chain interactions.

Impact on the Ethereum Ecosystem  

Optimism is not only focused on developing Superchain, but also increasing interoperability across the Ethereum ecosystem. These plans include the adoption of universal cross-chain interfaces such as ERC-7683 for asset transfer, which is expected to become a new standard in the blockchain industry. 

In this way, Optimism wants to create a consistent user experience across various blockchain ecosystems, which will ultimately increase the adoption and use of blockchain technology across various sectors.

Additionally, networks in the Optimism ecosystem, including OP Mainnet and other Layer 2 chains, will use a scalability solution known as optimistic rollups. 

This technology aggregates Ethereum transactions in an off-chain secondary layer, which allows transaction processing at lower costs and helps overcome the scalability issues that have been Ethereum's main challenges.

Read Also: Layer 2 Becomes the Best Performing Sector, SAGA and TIA Tokens Lead the Way!

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