Fantom will consider switching to Optimistic Rollups


The Fantom Foundation developers are considering the possibility of switching the blockchain of the same name to the Optimistic Rollups technology, which is used in the Arbitrum One and OP Mainnet L2 platforms. It is reported by The Block.

Last month, the Celo community proposed and then approved a plan to migrate the blockchain to a second layer solution based on Ethereum.

Fantom Foundation co-founder Andre Cronje said that his project is also actively exploring the prospects for implementing such an approach. Developers focus on security issues.

The head of the organization, Michael Kong, added that the introduction of L2 technology will give Fantom access to the liquidity of the Ethereum ecosystem.

Cronje sees second-tier networks as sidechains, and Optimistic Rollups technology as a relatively secure bridge between layers.

The Fantom Ecosystem is ranked #23 by DeFi Llama in terms of value locked in (TVL).

Data: DeFi Llama.

According to L2Beat, Arbitrum One and OP Mainnet are the top tier 2 solutions with TVLs of $6.01 billion and $2.87 billion, respectively.

Data: L2Beat.

Previously, the Fantom platform launched a program to incentivize projects on the network through transaction fees. Eligible apps will be rewarded with 15% of gas fees as additional income.

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