Plasma, a non-profit group has set its sail to increase the transactions of Ethereum with a propelling plan. This is because the network limit of throughput can maximum take 15 transactions for every second passed. As a result, the difficulties with Ethereum transactions were related to aspects such as loans or supply chain management.
To avoid this, the only option that stands is scaling. The mechanism of Optimism is similar to Bitcoin’s. The introduction to another layer can allow more people to get into the network. Previously, this was only researched-oriented.
However, currently, the same is to be introduced with the reconstruction of the aspect into a profit-making scheme on a platform known as Optimism. To support the back-end, it has been provided with funds worth $3.5 million by the IDE CoLab ventures as well as Paradigm.
More On Optimism…
Certain groups consider it a failed idea, but as of now, Optimism is doing well and may soon introduce the OVM (Optimistic Virtual Machine) this Tuesday. The basis of OVM is similar to EVM (Ethereum Virtual Machine). OVM is made in such a way that it creates another layer of the network to increase.
The OVM will also be working on top of the base layer to increase the scalability. With that in mind, what is expected is the developer team to introduce more into it, such as rollups. As a result, that would increase the rate of the transaction more and at a much faster speed than it was before.