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Mainnet Trial Run Of Optimism, A Scaling Solution For Ethereum, Launches On January 15th

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The developers of the second-tier Optimism scaling solution for Ethereum have announced that a preliminary launch of their mainnet with Synthetix is scheduled for January 15th.

As part of the preliminary launch, the Synthetix decentralized exchange will have access to transaction scaling. Smart contracts will be converted to the Optimistic Virtual Machine (OVM) format and launched on the mainnet. Given that OVM is almost fully compatible with the Ethereum Virtual Machine, developers won’t have to rewrite their smart contracts.

“Two weeks ago, we froze the code to prepare for the pre-launch of the project’s mainnet and testing with Synthetix. This means that we are almost ready to provide our first users with a complete solution, including converting contracts to OVM and deploying them to the main network, ”Said the Optimism blog.

The developers emphasize that as mainnet launch is in the initial stage, so errors, crashes and other problems are possible. The Optimism team plans to keep the keys for updating the system for at least six months – so that in case of serious problems, they can quickly respond and update the solution.

The launch of the public testnet is scheduled for March 15th. The developers hope to have provided the necessary documentation by this time so that Ethereum developers can integrate Optimism support.

As a reminder, the OVM demo was launched in May 2020. The creators of the DeFi Synthetix protocol took part in the launch and testing of OVM.

Read More On Optimism Medium Blog:

https://medium.com/ethereum-optimism/optimism-year-in-review-6624dbba266c

 

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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