Similarly, current Optimism PBC product manager Bobby Dresser noted that the goal of presenting OP is to make it easier to help crypto scale. Optimistic Ethereum is a scaling solution that enables anyone to execute any vision on an open. For example if someone votes for something twice, it would not have the value of two tokens, but say, five.Ībout, Buterin wrote on his official Twitter account, that the Collective is “ presumably the largest attempt to date to achieve non-token-holder centric DAO governance“. A strong foundation determines the long-term success of any endeavor. That’s what a blockchain needs to survive.
Developer docs Bridge to Optimism Open source, secure, permissionless, and decentralized. This change in governance entailed the dissolution of Optimism PBC and the. It should be noted that unlike other DAO projects, in which token voting is allowed, quadratic voting has some subtle differences, such as the fact that each additional vote has a higher value than the previous one. Optimism is a low-cost and lightning-fast Ethereum L2 blockchain. Optimism is a layer 2 blockchain that uses optimistic rollups to scale. For its part, the “Citizens’ House” It is in charge of ensuring that public goods funds are distributed correctly.īoth sections will use quadratic voting, concept defended by Vitalik Buterin, creator of Ethereum and developed with the firm objective of lessening the impact of large-scale token holders.
The first of them, “TokenHouse”, will be in charge of topics such as treasury allocation, software updates and incentive structure. Organization of Optimism Collective.įor its correct operation, Optimism Collective is divided into two sections or “houses”.
“ Optimism Collective is the perfect tool to dispel the myth that public goods cannot be profitable”noted the Optimism Foundation in a post on its official blogand added “ The Collective will consistently and relentlessly provide massive retroactive incentives for public goods that benefit Optimism, Ethereum and the Collective as a whole“. Read: Optimism is overwhelmed by a historical demand: "Scaling is difficult"įrom Optimism’s point of view, its protocol is a public good, just like the Ethereum network.