Share this article
Venture-Backed Ethereum Project Optimism Delays Launch
The throughput-boosting Layer 2 project said rushing its mainnet launch could have consequences for unprepared projects.
By Danny Nelson
Updated Sep 14, 2021, 12:32 p.m. Published Mar 26, 2021, 1:27 p.m. 1 min read
Ethereum-scaling system Optimism delayed its mainnet launch to July after the venture-backed startup’s promise of a debut in March proved to be “overeager,” the project announced Thursday.
- In a blog post, Optimism, which last month raised $25 million from Andreessen Horowitz and others, admitted the original timeline was unworkable and took many projects by surprise.
- Rushing its tech salve for raging Ethereum gas fees could have dangerous consequences. “There is a very real risk of” projects getting fraudulently forked by bad actors, the post said.
- Optimism called July a “rough estimate” for its mainnet launch. A hacker-ready testnet will debut in late April.
Read more: Andreessen Horowitz Leads $25M Round in Ethereum Scaling Solution
More For You
A draft XRPL amendment notes that flash loan attacks are "structurally impossible" on the network because of how its transactions are built, an architectural quirk that has spared the chain from the exploit class that has cost Ethereum DeFi billions.
What to know:
- Recent DeFi exploits on protocols like Thorchain, Drift and KelpDAO have relied on flash loans, a mechanism that does not exist on the XRP Ledger.
- Because XRPL transactions are atomic and cannot include composable intra-transaction calls, flash loan attacks are structurally impossible on the network.
- As XRPL pursues AMM upgrades...
Top Stories
