In Brief:
- It will make it easy for a developer to deploy contracts, through just one click
- One-click deployment will be released in October
- Ultimate goal is to make alternative node implementations possible under 1000 lines of code.
Ethereum scaling solutions provider Optimism has detailed its latest upgrade which will make deploying the smart contracts to Layer 2 much easier for developers. Optimistic Ethereum revealed that it was in the process of developing a way to deploy smart contracts onto its platform with just a click.
Presently, building and testing Ethereum Virtual Machine compatible software and protocols takes a lot of time. But the development of this new rollup is more challenging, as there are more potential security issues with every new line of code added.
Optimism wants to reduce the size of code by removing unnecessary lines. The main aim of optimism is to scale down the amount needed to get the job done and keep potential security threats at a minimum level.
The firm claims to have built a rollup which “extends beyond EVM compatibility, to EVM equivalence.” The firm has worked from Ethereum’s yellow paper to provide a solution for one of its most popular clients, Geth.
In the Blog, they have mentioned, “Building an EMV-compliant rollup poses an even greater challenge: supporting the entire Ethereum stack within the new science”.
“The upgrade removes our custom compiler, and over 25,000 lines of other code, in favor of simply using what already exists”. They are aiming to provide open node implementations such as OpenEthereum and Erigon with “under 1,000 lines of code”.
One-click smart contract deployment will be released in October. Ethereum-based projects will be able to deploy smart contracts on Optimism without any modification in code. Any tooling that can run on Ethereum will run identically on Optimistic Ethereum.
As per the Dune Analytics Data, the Optimism Ethereum bridge has a total value locked of $37 million, though this figure is lower compared to Arbitrum L2 platforms. Arbitrum holds a massive $2.7 billion in collateral locked, with the launch of its Native Token Rumor. However, arbitrum confirmed that the news about its native token launch is fake.
