Jing Wang, the co-founder of Optimism, is at the forefront of promoting a technological breakthrough known as the "op stack". It is a combination of tools and infrastructure that is designed to transform the way the internet operates and is used. The op stack is an open-source, public, and permissionless infrastructure that enables individuals to create, manage, and monetize their digital assets.
The op stack includes various tools and technologies, including Ethereum, Solidity, the Optimistic Virtual Machine (OVM), and Uniswap, among others. These technologies can be used together to create decentralized applications (DApps), which are applications that run on a network of computers rather than a single central server.
Ethereum serves as the foundational layer of the op stack, providing a network for executing smart contracts. Solidity is the language used to write these smart contracts, while the Optimistic Virtual Machine (OVM) is a compatibility layer that enables Ethereum smart contracts to run on Optimism's network. Uniswap is a decentralized exchange that runs on Ethereum and allows users to trade digital assets without a middleman.
Optimism is a Layer 2 solution for Ethereum that uses a technology called Optimistic Rollup to increase the scalability and speed of Ethereum transactions. It allows more transactions to be processed in a shorter amount of time, reducing fees and improving user experience. Optimism's technology is particularly beneficial for DeFi applications, which require high-speed and low-cost transactions.
The development and adoption of the op stack is seen as a significant step towards a decentralized internet, also known as Web 3.0. In this new version of the web, users have more control over their data and digital assets, and the need for intermediaries is greatly reduced.
Jing Wang and her team at Optimism have been instrumental in the development and promotion of the op stack. They have been working tirelessly to make this technology widely available and easy to use, in the hope that it will transform the internet and democratize access to digital assets and services.