Optimism & Quicknode: Ushering In a New Era of On-Chain Ethereum Scalability
Optimism & Quicknode: Ushering In a New Era of On-Chain Ethereum Scalability
Helping bring Ethereum and blockchain adoption to the masses. Optimism MainNet and Optimism Kovan testnet are now live on Quicknode!
July 7, 2021 — 4 min read
Today we are officially announcing our support for Optimistic Ethereum in partnership with Optimism PBC. Optimism aims to bring mass scalability to Ethereum, on-chain, increasing Ethereum's transactions per second and decreasing transaction fees and latency.
Optimism uses the OVM (Optimistic Virtual Machine), an open-source engine that powers a fully EVM (Ethereum Virtual Machine) compatible Optimistic Rollup.
Optimistic Rollups (ORs) do not run on Ethereum's base layer, but rather on top of it, and enable running & executing smart-contracts at scale while still being secured by Ethereum.
Optimism has chosen to partner with Quicknode to provide reliable web3 infrastructure to developers building with Optimistic Ethereum, so they can focus on creating applications which take advantage of low gas fees, low latency, and greater scalability.
“We’ve been working closely with Quicknode for several months. We’ve been very impressed with their track record of quick responsiveness and ability to deliver. Super excited to partner with Quicknode on Optimistic Ethereum !!” – Jing Wang, CEO, Optimism.io
“Both Optimism and Quicknode missions are aligned: to help blockchain ecosystems scale and achieve mass-adoption, and so this partnership is a perfect match. Our teams have been working closely for several months and have already deployed support on Quicknode API. We are excited to help bring next-level scalability and performance to Ethereum -- and beyond!” – Dmitry Shklovsky, Co-Founder, Quicknode.com
Why is this monumental and important?
Demand for Ethereum block space is at an all-time high.
In the last 12 months the world saw Ethereum MainNet transaction #s go through the roof. dApps using Ethereum have seen active users skyrocket. DeFi, for example, has seen TVL (total value locked [in smart-contracts]) grow to around $66 Billion USD, up from around $2.5 Billion just 1 year ago (according to DappRadar.com).
High demand = competition for block space = high gas prices… which make certain actions unfavorable. Transferring an NFT to someone or executing a DeFi trade, for instance, may have cost as much as $100 in ETH (for a single transaction!). This has led many applications to go off-chain (ie. off ETH MainNet), onto Layer-2 EVM solutions.
Optimistic Ethereum aims to solve this by introducing a native way to use Rollups in smart contract(s), where all data is available on-chain; there is no other blockchain involved, and so no need to trust off-chain data providers, validators -- just the main Ethereum network.
On October 2nd 2020, Vitalik Buterin, creator of Ethereum, shared a roadmap which highlights that Ethereum can scale to 100,000 tps (transactions per second) with Optimistic Rollups and ETH2.
For more reading on Optimism and Optimistic Rollups, check out these links:
https://medium.com/ethereum-optimism
https://docs.ethhub.io/ethereum-roadmap/layer-2-scaling/optimistic_rollups/
https://twitter.com/optimismPBC
What’s next?
Quicknode will enable anyone, from developers to businesses to curious end-users, access data on Optimistic Ethereum using native, well-documented methods (json-rpc api via Geth), as well as Optimism-specific calls (like rollup_gasPrices).
Providing developers choice and access to simple, reliable, high-performance infrastructure is a mission Quicknode has been on since 2017 -- currently supporting access to Ethereum, Bitcoin, Binance Smart Chain, Matic / Polygon, and xDai networks, and processing 45+ Billion API requests per month (that’s over 17,000 per second!) -- used by companies & projects like PayPal, Chainlink, PancakeSwap (#1 DeFi app), DappRadar and Nansen.
Optimism will provide public endpoints for developers to use, recommended for initial stages of development; however, they will have rate restrictions to allow for fair usage.
If you are interested in a personal, scalable, no limits endpoint for your project leveraging Optimism, check out Quicknode --> sign up for a free account and get started in seconds: https://www.quicknode.com/chains/optimism
How to Get Started with Optimism on Quicknode:
Quicknode पर एक खाता बनाएं
Click "Create a free account" or select an API plan that suits your needs:
3. After creating and verifying your account, select "Create an endpoint."
4. Select "Optimistic Ethereum" on the next page and any add-ons you require:
4. Complete checkout on the next page, and …
5. Congratulations, you're ready to interact with Optimism!
If you want to learn more about Optimism (GitHub, Documentation, Tutorials, FAQ), check out their website: https://optimism.io and chat with them on Twitter and Discord.
क्यों Quicknode
Quicknode इससे ब्लॉकचेन नोड्स को चलाना आसान हो जाता है, जिससे डेवलपर्स डेवऑप्स/नोडऑप्स, अपटाइम, स्केलिंग, सुरक्षा आदि की चिंता करने के बजाय अपने द्वारा बनाए जा रहे डीऐप्स पर ध्यान केंद्रित कर सकते हैं।
Quicknode यह उत्पाद बाजार में उत्पाद लॉन्च करने में लगने वाले बहुमूल्य समय की बचत करता है और नोड के रखरखाव और सिंक्रोनाइज़ेशन की झंझटों से मुक्ति दिलाता है। यह हर dApp डेवलपर के लिए एक उपयोगी उपकरण है, जिसे डेवलपर्स द्वारा डेवलपर्स के लिए बनाया गया है। अधिक जानकारी के लिए Quicknode के गाइड सेक्शन पर जाएं।
Today, the Quicknode network processes over 45 Billion requests per month, from over 10 regions worldwide!
क्या आपको अपने प्रोजेक्ट में मदद चाहिए या कोई सवाल है? इस फॉर्म के ज़रिए, ट्विटर पर Quicknode पर या Discord पर हमसे संपर्क करें!
के बारे में Quicknode
2017 में स्थापित, Quicknode यह डेवलपर्स और उद्यमों के लिए संस्थागत स्तर का ब्लॉकचेन इंफ्रास्ट्रक्चर तैनात करता है। 99.99% अपटाइम और 80 से अधिक चेन के समर्थन के साथ, टीमें बिना किसी समझौते के ऑनचेन एप्लिकेशन बनाती और स्केल करती हैं।
अपडेट रहें
नवीनतम इंजीनियरिंग संबंधी जानकारियां, उत्पाद अपडेट और वेब3 समाचार सीधे आपके इनबॉक्स में पहुंचाए जाएंगे।