September 29, 2020, 5:55PM EDT
• 8 min read

Moving into the age of 'Optimistic Ethereum'

Quick Take

  • Optimistic Rollups are a Layer 2 scaling solution that derive their security from an underlying blockchain (Ethereum)
  • ORs are most notably being developed by Optimism, formerly known as Plasma Group. In January, the team raised $3.5 million from Paradigm and IDEO CoLab Ventures
  • Synthetix is the first project to trial on the Optimistic Ethereum testnet, which launched on September 25th

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