Cancun's upgrade is good for OP coins. How much can OP coins rise to?

php Editor Yu Zai Cancun’s upgrade is good for OP coins. The rise of OP coins has attracted much attention. Investors are speculating how much OP coins can rise in the future. This news caused an uproar in the digital currency market, and investors started discussions, hoping to capture this investment opportunity. Faced with such market conditions, how should investors respond? In this article, we will provide you with a detailed analysis of the positive impact of the Cancun upgrade on OP Coin, as well as the future growth forecast of OP Coin.

How much can I get by upgrading OP in Cancun?

According to the predictions of analysts in the circle, Cancun upgraded OP coins will increase by 90% to $5.54. However, this is only an analyst’s prediction. It does not mean that it will necessarily be this price. Faced with the unpredictability of the cryptocurrency field However, investors should still refer to the current market conditions.

OP coin is an encrypted digital currency issued using blockchain technology. Its uniqueness lies in decentralization and security. Blockchain technology ensures the transparency and security of transactions, making OP coin transactions free from the control and interference of any intermediary agency. This decentralized feature gives OP Coin unique advantages outside the traditional financial system. The value and liquidity of OP coins are constantly increasing, attracting more and more users and investors to participate.

The Cancun upgrade with EIP-4844 as the core will be expanded through the optimization of Ethereum L1, which will have the benefit of reducing fees for the entire L2 track. OP completed the Bedrock upgrade in June last year, further reducing costs. It is currently the lowest-cost chain in the entire L2 track. At the same time, we learned from Optimism’s official documents that OP was deeply involved in the advancement of EIP-4844. In the module of OPStack It is also reflected in the architecture. As the closest project to ETH core developers, OP should be the first to efficiently adapt after the Cancun upgrade, and the cost will be further reduced.

OP platform is an open, decentralized blockchain platform that allows developers and users to build and run various decentralized applications (DApps). The platform provides a full range of development tools and resources, including smart contracts, payment gateways, identity verification, etc. This open platform ecosystem has aroused the interest of investors and developers, causing the demand for OP coins to increase significantly.

The development potential of the OP platform is considered huge. Blockchain technology is gradually being applied to various fields, including finance, supply chain management, Internet of Things, etc. The OP platform provides an innovative environment for developers, allowing them to develop applications based on blockchain technology and conduct payments and transactions through OP coins. As the OP platform continues to develop and grow, the demand for OP coins also increases.

How to buy OP coins?

1. Open the official website of OKX Exchange (click to register), click the [Register] button at the top right of the page to enter the registration page, and enter your email address on the home page.

2. Then enter your mobile phone number and click "Verify Now"

3. Select your country/region of residence, Check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

4. Create a password that must be 8-32 characters in length and 1 lowercase letter , 1 uppercase letter, 1 number, 1 symbol, such as:! @ # $ % and other conditions

5. After registering an account, identity authentication is required before trading. Just find "Asset Management" - "Identity Authentication" on the homepage. Follow the prompts

#6. After the authentication is completed, you can proceed with the transaction. Click "Buy Coins" - "C2C Buy Coins" on the homepage. After selecting the appropriate merchant, proceed according to the Just follow the instructions

#7. Once you have USDT, you can use USDT to purchase currencies. Click "Transaction" - "Coin" to enter the transaction page

8. Search for the English abbreviation OP of Optimism in the search box, select the OP/USDT trading pair, and you will see the real-time market price of OP

9. Fill in the OP’s purchase quantity and click Buy. If it is a sale, fill in the OP’s selling quantity and click Sell. (You can see from the transaction page that the minimum transaction amount of OP coins is 1 OP)

Comprehensive introduction to the OP coin project

1. Project introduction

Optimism is the first Ethereum L2, leading the development of Ethereum Virtual Machine (EVM) compatible Optimistic Rollup solutions.

2. Project Vision

A scaling solution to reduce the load on the Ethereum network. The actual execution of transactions is not done on the Ethereum blockchain, but is moved to Layer 2 ("L2 ")superior.

3. Market demand

Increase TPS to solve congestion problems and low gas fees for transfers.

4. Project Solution

Optimism is a layer 2 scaling solution used on Ethereum, its main feature is to make transactions on Ethereum applications very cheap. By moving transactions from one blockchain to another, miner fees are significantly reduced and throughput is increased. Optimism provides Ethereum developers the opportunity to use all the tools available on Ethereum without making changes.

5. Token usage scenarios

Distribution of community governance, voting rights, and project incentives.

6. Competitors Similarities and Differences

Optimism and Arbitrum are both OptimisticRollup, so they are similar in many aspects. The main difference lies in their fraud proof system. Optimism opted for a non-interactive fraud proof, which re-executes the entire transaction instruction and performs the required calculations on L1 to obtain the result. ZKRollup is another mainstream 2-layer expansion solution on Ethereum, using validity proofs. ZKRollup has zksync and starkware

7. Technical features

Optimistic Rollups are used differently Type of proof: fraud proofs. As the name suggests, OptimisticRollups are "positive and optimistic" because when they publish updated state to the Ethereum blockchain, they do not publish any "proof" at all. Anyone can publish a Rollup block that contains a statement about the correct result of executing a certain transaction, and other nodes executing the same transaction can challenge it as long as they disagree with the first node's assertion. An effective dispute agreement can resolve any disagreements, ensuring that the right party will win the challenge. Parties have strong incentives to publish only correct claims rather than challenge incorrect claims, so in the common case all nodes will "simply" execute all transactions and the proof code will never need to be called - the entire process is handled by The Layer1 contract is responsible for management.

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