When it comes to layer-two scaling solutions, the competition is heating up, and Optimism has announced roll-up deployments that can be completed in a single click.
It is anticipated that Ethereum-native protocols would be able to launch on its network with a single click by the end of October, as stated in a blog post published by Optimism on September 18.
Specifically, the post stated that “any tooling that can run on Ethereum will run identically on Optimistic Ethereum.” It went on to say that
Development of a layer-two roll-up network by Optimism, which is funded by the Ethereum Foundation, has resulted in protocol changes that would allow developers to deploy on the network in as little as “one-click.”
“Anyone who has written code targeting Geth can now deploy without change — even for advanced features like traces and gas.”
According to the post, Optimism rewrote its code in an attempt to go beyond Ethereum Virtual Machine (EVM) compatibility and reach “EVM equivalence” by compressing the protocol down to its most lightweight and efficient form feasible while maintaining its security.
As part of the changes, Optimism’s proprietary compiler was decommissioned, along with more than “25,000 lines” of other code, in order to achieve their minimalist ideology of minimalism.
It is claimed that “building an EVM-compliant rollup poses an even greater challenge: supporting the entire Ethereum stack within the new science,” according to the blog post. “It is expensive to re-implement security-critical EVM features, and every additional line of code increases the risk of introducing vulnerabilities.”
In addition to achieving complete EVM equivalency with the Geth Ethereum client, the team claims to have achieved compatibility with alternative node implementations like as OpenEthereum and Erigon with “under 1,000 lines of code.”
In addition, optimism stated that no modifications have been made to the company’s current security model as a result of the recent release.
The progress of optimism is being driven by capital migration away from the Ethereum mainnet and onto EVM compliant chains and layer-two scaling solutions in an attempt to offset the high fees associated with transactions processed on Ethereum’s base layer.
The competitor rollup network Arbitrum presently has the largest Ethereum bridge by total value locked (TVL), according to Dune Analytics, despite the fact that it only began three weeks ago. Arbitrum’s total value locked (TVL) is $2.62 billion.
Arbitrum is followed by the Polygon ERC-20 Bridge, which has a nearly $2.35 billion price tag, the Avalanche Bridge, which has a $1.86 billion price tag, and the Fantom Anyswap Bridge, which has a $476 million price tag.
According to Dune Analytics, in the TVL ranking of the Ethereum Bridge, Arbitrum has surpassed Polygon to rank first. Arbitrum accounts for 34.6% of the TVL of the Ethereum Bridge, and Polygon accounts for 30.4%. pic.twitter.com/dYOoSghyY2
— Wu Blockchain (@WuBlockchain) September 20, 2021
