Venture Capital firm a16z is aiming to diversify Optimism’s rollup clients with a client of its own.
Andreessen Horowitz is launching new infrastructure on Optimism.
The venture capital firm announced today that it was releasing Magi, a OP Stack rollup client written in Rust.
Optimism is a Layer 2 solution that aims to help Ethereum scale up its throughput capabilities. Instead of processing each and every Ethereum transaction on the mainnet itself—which leads to congestion of the blockchain, slow transaction confirmations, and high fees—Optimism provides a way for Ethereum to outsource computational data.
OP Stack is the standardized, open-source development stack that powers Optimism; it’s essentially the toolbox that allows the creation of decentralized applications (dApps) on the Layer 2 solution. According to a16z engineer Noah Citron, Magi aims to provide more diversity to Optimism rollup clients—the software that allows developers to interact with a blockchain network. So far, only one client exists on Optimism: op-node, maintained by OP Labs and written in the Go programming language.
“Magi aims to be an independently developed, drop-in replacement for op-node, adding to the rollup’s client diversity,” wrote Citron. “We hope that building out this new, Rust-based client will encourage greater safety and liveliness throughout the OP Stack, and bring more contributors into the ecosystem.”
Citron indicated that Magi was still in development and would likely take months to become a viable alternative to op-node. He also stated that Magi’s development was made with the help of the OP Labs team.
Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and several other crypto assets.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
As the cost of using Ethereum increases, the need to scale the network has become more apparent than ever. Zero-Knowledge Rollup technology promises to lower gas fees without compromising on...
News Jun. 1, 2022
An Optimism community member has proposed to exclude airdrop token sellers from future protocol airdrops on the basis that they were only interested in profit and not governance. The idea...