Buckle up and get ready for a ride on a new blockchain!

The team has recently deployed Horus smart contracts on a new blockchain. Through a successful deployment ceremony, the protocol has newly settled on another Ethereum Layer-2. As of now, Horus Cash is actively spinning on Optimism.

And we are now available on Ethereum, BASE, Arbitrum and Optimism. Guess which is the next stop?

A few highlight

Optimistic Ethereum (a.k.a Optimism) was launched in 2021 as a scaling solution for Ethereum applications. This blockchain acts as a Layer-2 allowing cheaper transaction fees. Its users have saved more than $275M in gas fees since its inception.

As Optimism doesn’t have any native token, everything is paid for in ETH within the network. Therefore, the network also offers a bridge solution on gateway.optimism.io to make the usage of Layer-1 (Ethereum) tokens possible.

As its name strongly suggests, Optimism uses the principle of Optimistic Rollups.

This Layer-2 network is mainly used since November 12th, the day after the release of its EVM equivalence: the Optimistic Virtual Machine (OVM).

⚙️ An Ethereum Virtual Machine (EVM) is a decentralized computer that runs the execution & deployment of smart contracts. By introducing OVM, Optimism has brought a new level of compatibility within the Layer-2 ecosystem. The Optimistic Virtual Machine is equivalent to the EVM rather than just being compatible to it. It allows the implementation of a blockchain using Optimistic Rollups that acts just like the Ethereum main chain & offers a better interaction between the two layers.

Horus Cash 🤝 Optimism

The deployment of Horus Cash smart contracts on Optimism enables users to benefit from all advantages made possible by the use of a Layer-2, among which access to cheaper transactions.

Settling on Optimism means joining an extended & diversified network of applications that also use this Layer-2, going from DeFi protocols to blockchain tools.

Optimism in Few Figures 📊

Optimism currently has a Total Value Locked of ~$780m. Optimism is ranked 6st blockchain in terms of TVL according to DefiLlama.

Optimism Network Daily Transactions Chart

There are over 3,5M unique addresses on Optimism.
With no native token, transactions fees on Optimism are in ETH. As a Layer-2, Optimism allows extremely low gas fees, especially compared to transactions on the Ethereum mainnet.