What is Optimism?

The purpose of Optimism is to provide a cheaper and faster alternative to the Ethereum network. Its primary use case is decentralized governance through its native token, OP. Optimism enables various use cases, including near-instantaneous programmatic payments, trading, borrowing, and lending through blockchain applications, making it accessible to exchanges, fintechs, institutional traders, and developers.

Optimism's technology is based on a two-house system, enabling a democracy that sets a new industry standard for digital governance. Members of the Collective decide how Optimism's economy, technology, and governance develop. Voting is onchain, enabling trust through visibility into the decision-making process.

Optimism differentiates itself from competitors by its unique approach to scaling the Ethereum ecosystem using optimistic rollups. Its competitive advantage lies in its ability to provide a cheaper and faster alternative to the Ethereum network, while benefiting from Ethereum's security. Optimism's technology and approach set it apart from other competitors in the market.