Optimism also improves transaction speeds. On Ethereum, transactions are limited by block confirmation times, which can lead to delays, especially during network congestion. Optimism batches multiple transactions off-chain and then posts them to Ethereum, which speeds up the process. This approach enables near-instant transaction confirmations on its Layer 2 network. During peak times, Ethereum transactions can take several minutes to confirm, whereas Optimism is often within seconds.

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So far, we have found that Optimism provides a scalable solution for the Ethereum network that helps to increase the speed of transactions on Ethereum and does not pose any problem for the security and decentralization of the network.🎭