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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Optimism is a Collective of companies, communities, and citizens working together to reward public goods and build a sustainable future for Ethereum. 🎭