P2E Crypto Media
  • P2E Games
  • Games Guides
  • Exchanges
  • Blockchain Education
  • Crypto Glossaries
  • Others
    • Marketplaces
    • NewsComing Soon
Follow Us
  • P2E Games
  • Games Guides
  • Exchanges
  • Blockchain Education
  • Crypto Glossaries
  • Others
    • Marketplaces
    • NewsComing Soon
No Result
View All Result
P2E Crypto Media
Follow Us

How To Add Optimism To MetaMask

by Mary Ikwuegbu
January 2, 2023
in Blockchain Education
0
Optimism
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Table of Contents

  • What Is Optimism?
  • About Optimism
  • How Optimism Works
  • How To Bridge To Optimism
  • How To Add Optimism To MetaMask Network
  • Wallets that Promote Optimism
  • Crypto Contracts That Work On Optimism
  • Frequently Asked Questions
  • What Is The Optimism Network?
  • Is Optimism part of Ethereum?
  • How To Get ETH On Optimism
  • Is Optimism EVM Compatible?
  • Does Optimism Have A Coin?
  • Does MetaMask Support Optimism?
  • How To Add Optimism To MetaMask Mobile Wallet
  • How Long Does Optimism Bridge Take?
  • Conclusion

MetaMask is a universal wallet that works with several blockchains and protocols. It was designed to favor Ethereum and support every project affiliated with the network. Optimism is an Ethereum-affiliated blockchain and functions flawlessly with MetaMask. By the end of this article, you will know how to connect Optimism with MetaMask.

What Is Optimism?

Optimism is an Ethereum-based off-chain program developed as a second-layer solution in the Ethereum network. It is built on a series of codes known as Optimistic rollups, and these rollups simplify complex data into bits. Optimism is increasingly convenient and more popular because of its numerous utilities.

About Optimism

Optimism is primarily designed to work with and for Ethereum in handling transactions and blockchain-related activities. It is driven by the OP coin and sends every transaction record to Ethereum’s blockchain. It works like a vehicle moving through a less-crowded road and enjoying the security features of an expressway.

Optimism ranks next to Polygon as the most extensive Ethereum layer two software. It has over $312 million worth of crypto contracts.

ADVERTISEMENT

As earlier stated, the base codes for Optimism are Optimistic rollups. They are regarded as Optimistic rollups because every activity on the blockchain is regarded as true until proven wrong. The validation process takes a while to complete because the system challenges all transactions by checking for proofs of fraud and running other processes concerning the available data.

How Optimism Works

As stated earlier, Optimism is designed to offer second-layer solutions to Ethereum. In previous times, layer 1 scaling programs on Ethereum directly influenced the network. However, compared to layer one solutions, it upscales the Ethereum ecosystem by handling some transactions off Ethereum’s chain and returns the results after work. This solution operates similarly to other side chains, such that it functions with an Ethereum Virtual Machine and aids blockchain programmers in setting up projects on Ethereum. These projects can be decentralized applications and crypto contracts.

Hence, this project adaptation feature allows high-traffic DApps to upscale to any level. End-users can also benefit from Optimism’s features because it supports low gas prices and maximizes security.

Optimism can achieve low blockchain tariffs because it combines several transactions into one and charges all of them as one body. Hence, this decentralized network software aids software engineers in repeatedly using every Ethereum tool without altering its codes.

How To Bridge To Optimism

It is important to note that you are likely to lose your funds if you are to send Ethereum or EVM-based tokens directly to Optimism. While it may not be a 2-second process, it is not complex either. It is why you need a bridge. A bridge can be considered a crypto contract– it works like a two-way system, funneling funds from one end to the other.

What you should do is add Optimism to a compatible wallet (e.g. MetaMask) and connect the wallet to the Optimism bridge. Once done, you can comfortably and safely transfer your tokens to and from EVM chains. You should be aware that some transactions may take as long to complete (as many as six days). The essence is for transaction validators to confirm their validity before adding them to the mainnet.

How To Add Optimism To MetaMask Network

For you to perform this operation, you must own a MetaMask wallet. Once owned, click it open and go to the arrow pointing towards the “Ethereum Mainnet” icon. Once clicked, you will see a list of several EVM networks for you to choose from. The next step is to select the Custom RPC option so you can add a different network (in our case, Optimism).

For you to add the Optimism network, you must input the following data:

  • Network Name: Optimism
  • New RPC URL: http://mainnet.optimism.io/
  • Chain ID: 10
  • Symbol: ETH
  • Block Explorer URL: https://optimistic.ethereum.io/

Once done, ensure to save it. You can easily alternate between different EVM networks by clicking the “Network” icon. Note that the adding process for other Ethereum-compatible networks is the same. The only difference is their network data.

Wallets that Promote Optimism

Optimism is been promoted by wallets like Trust wallet, Coinbase wallet, TokenPockets, etc because it comes with an EVM.

ADVERTISEMENT

Crypto Contracts That Work On Optimism

Understanding that Optimism functions similarly to other EVM chains, all ETH-compatible crypto contracts work on Optimism. So, blockchain developers can quickly launch programs on the platform without writing new codes. Even more, they can easily overcome the hurdle of high gas charges by moving to a sidechain or operating on the mainchain and sidechain at once.

Frequently Asked Questions

What Is The Optimism Network?

The Optimism network is a second-layer decentralized network built to upscale Ethereum’s blockchain. The Optimism Network performs its functions by performing Ethereum-owned activities on its network and recording the results on Ethereum’s chain. It works with every Ethereum-compatible decentralized application and supports its scalability.

Is Optimism part of Ethereum?

While the Optimism network can be called a part of Ethereum, it is an affiliated blockchain to Ethereum. It has over $312 million worth of Smart contracts residing on it.

How To Get ETH On Optimism

You can get Ethereum on Optimism just like other ETH-compatible tokens. By following these steps:

  • Launch Optimism.
  • Select the “Connect” icon and choose your wallet.
  • Choose the token you want to transact with (in this case, Ether).
  • Input how much ETH you are withdrawing and click “Deposit.”
  • Go through the disclaimer and proceed.

Is Optimism EVM Compatible?

Yes, Optimism works perfectly with the EVM. It does this through its machine called the Optimistic Virtual Machine, also known as the OVM. Hence, it can function with all Ethereum-affiliated apps.

Does Optimism Have A Coin?

Optimism has a native token called OP. At the time of writing, OP has a market price of about $0.6 with a trading volume of nearly $23.6 billion daily. You can receive OP airdrop by going to the airdrop website and submitting your wallet address.

ADVERTISEMENT

Does MetaMask Support Optimism?

MetaMask supports Optimism because it is built and connected with Ethereum’s mainnet.

How To Add Optimism To MetaMask Mobile Wallet

You can add Optimism to MetaMask mobile in three simple steps:

  • Download the application on your handheld device.
  • Go to the “Settings” section and add a network.
  • Input the Optimism network data and save.

How Long Does Optimism Bridge Take?

Optimism bridge can take about 9 minutes to process a transaction. You only have to be patient for the token-bridging process to be over.

Conclusion

The Optimism network is a time-saving and cost-effective layer-2 network for Ethereum. It reduces the limitations attached to Ethereum and makes it more beneficial to the entire crypto ecosystem. It is compatible with MetaMask because the wallet is designed to support Ethereum. However, cross-chain transactions with Optimism require bridging.

ADVERTISEMENT
Mary Ikwuegbu

Mary Ikwuegbu

Next Post
Cryptoblade

CryptoBlades Review - All You Should Know About CryptoBlades Game

Please login to join discussion
ADVERTISEMENT

Recommended

Gas

What Is Gas In Crypto Trading?

1 month ago
Crypto Slang

Popular Crypto Slang Terms And Their Meaning

4 weeks ago
What is Axie infinity

What is Axie infinity – Axie Infinity the Best Play to Earn NFT Game

4 weeks ago
Bull Market

What Is Bull Market?

1 month ago
TCG World

TCG World Review: First 4K Virtual Reality Low Poly Game

4 weeks ago

Most Read

  • Blankos Block Party

    Blankos Block Party Review: How To Play Blankos Block Party Game

    0 shares
    Share 0 Tweet 0
  • What is Axie infinity – Axie Infinity the Best Play to Earn NFT Game

    0 shares
    Share 0 Tweet 0
  • What is Ethereum – How Does Ethereum Mining Works

    0 shares
    Share 0 Tweet 0
  • Axie Origin Charm And Rune Explained

    0 shares
    Share 0 Tweet 0
  • My Meta Farm – Open World Farming 3D NFT Game

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT

Newsletter

Category

  • Blockchain Education
  • Crypto Glossaries
  • Exchanges
  • Games Guides
  • Marketplaces
  • P2E Games

Important Links

  • About Us – P2E Crypto Media
  • Best Play to Earn Crypto Games
  • Blockchain Education – P2E Crypto Media
  • Cookie Policy
  • Privacy Policy

About Us

P2E Crypto Media is a digital media outlet that seeks to inform the public about the many facets of the blockchain and to raise awareness of the possibilities that exist there.

  • Cookie Policy
  • Privacy Policy
  • About Us – P2E Crypto Media

© 2022 - Most Reliable Blockchain Education Platform

No Result
View All Result
  • P2E Games
  • Games Guides
  • Exchanges
  • Blockchain Education
  • Crypto Glossaries
  • Others
    • Marketplaces
    • News
  • Login

© 2022 - Most Reliable Blockchain Education Platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In