{"id":158652,"date":"2022-06-01T15:05:27","date_gmt":"2022-06-01T15:05:27","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158652"},"modified":"2022-06-01T15:05:27","modified_gmt":"2022-06-01T15:05:27","slug":"ethereum-layer-2-scaling-solution-optimism-airdrops-its-widely-anticipated-op-governance-token","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/blockchain\/ethereum-layer-2-scaling-solution-optimism-airdrops-its-widely-anticipated-op-governance-token\/","title":{"rendered":"Ethereum Layer 2 scaling Solution Optimism Airdrops Its Widely Anticipated OP Governance Token"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/op.jpg\"><img alt='' src='https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/ED060975-59CE-44E3-9796-AC42CC0011E8-50x50.jpeg\"><\/p>\n<ul>\n<li>Ethereum layer 2 solution Optimism has finally launched its OP token<\/li>\n<li>The token was airdropped to 2,49,000 registered Ethereum wallets.&nbsp;<\/li>\n<\/ul>\n<p>Optimism, which is a layer two scaling solution of Ethereum, has finally airdropped its widely anticipated OP governance token to its registered users.&nbsp;<\/p>\n<p>The details concerning the token airdrop event were first unveiled in April 2022, when the firm announced its plan to launch a Decentralized Autonomous DAO along with its governance token OP.<\/p>\n<p><strong>Optimism&#8217;s OP Token Is Now Live<\/strong><\/p>\n<p>Ethereum Layer 2 solution Optimism has finally launched its governance token called OP. The token was launched earlier today and was airdropped to nearly 2,49,000 registered ethereum wallets.&nbsp;<\/p>\n<p>Wow, what a day. <\/p>\n<p>OP Drop #1 had a turbulent launch which we finally stabilized after more than five hours of non-stop work.<\/p>\n<p>We\u2019ll be publishing a full, detailed retrospective on the lessons learned next week. Let\u2019s quickly talk about what happened.<\/p>\n<p>The firm had first floated the idea of launching a governance token back in April 2022, when it had unveiled &#8220;The optimism collective.&#8221; The collective was later described as a &#8220;large-scale experiment in digital democratic governance, built to drive rapid and sustainable growth of a decentralized ecosystem, and stewarded by the newly formed Optimism Foundation,&#8221;&nbsp;<\/p>\n<p>In addition to this, the statement further outlined the significance of launching an exclusive governance token that would equip people with the right to &#8220;vote on Optimism protocol upgrades, project incentives as a part of a Governance Fund, and more.&#8221;<\/p>\n<p>The release of OP marks the end of one chapter and the start of an entirely new one on our journey towards a more open, human-centric internet.<\/p>\n<p>In the meantime, it&#39;s going to be a hot #OPSummer.<\/p>\n<p>Remember to stay cool and, as always, Optimistic! \ud83d\udd34\u2728https:\/\/t.co\/CXQlqNT6Dq<\/p>\n<p>Optimism is a layer 2 scaling solution for Ethereum that supports all Ethereum DApps. According to ZeroCap, instead of running all computation and data on the Ethereum network, Optimism puts all transaction data on-chain and runs computation off-chain, which helps in increasing Ethereum&#8217;s transaction per second and further assists in lowering the transaction fee.&nbsp;<\/p>\n<p><strong>The Overwhelming Response Of Users Towards Optimism OP Airdrop<\/strong><\/p>\n<p>Optimism OP airdrop event was met with overwhelming demand. Several users who were eager to claim their free tokens were unable to do so because of the token&#8217;s exceedingly high demand. Users took to Twitter to voice several issues, adding that they were unable to claim the newly dropped OP tokens.&nbsp;<\/p>\n<p>Anyone getting the error &quot;There was an error generating proof. Unable to delegate tokens&quot; ? Is it just network congestion or am I doing something wrong on my part? $op pic.twitter.com\/S9Bcbn6MsJ<\/p>\n<p>However, the issue was later resolved when the network published a status update via Twitter stating that they are working towards resolving the heavy network congestion that was caused due to its mainnet&#8217;s discrepancy.&nbsp;<\/p>\n<p>Sup sleuths\u2014as you might have guessed, OP Drop #1 launches today. We have NOT officially announced yet, but we\u2019re already experiencing an all-time high demand. We knew everyone would be excited, but holy cow\u2014y\u2019all just couldn\u2019t wait for #OPSummer.<\/p>\n<p>Image: Optimism\/Twitter<\/p>\n<p>Source: <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-layer-2-scaling-solution-optimism-airdrops-its-widely-anticipated-op-governance-token\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":158651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Layer 2 scaling Solution Optimism Airdrops Its Widely Anticipated OP Governance Token - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/blockchain\/ethereum-layer-2-scaling-solution-optimism-airdrops-its-widely-anticipated-op-governance-token\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Layer 2 scaling Solution Optimism Airdrops Its Widely Anticipated OP Governance Token - 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