> > Optimism is an EVM-equivalent Optimistic Rollup chain.
> I’ll be right back, I need to explain this one to grandma.
Term by term:
- EVM-equivalent: The Ethereum Virtual Machine (EVM) is the part that allows smart contract code can be run on the network. EVM-equivalency means that you can just drop in your smart contract code, and it has to run as it would on Ethereum itself.
- Optimistic Rollup: A Rollup is the current consensus for scaling up the network, by outsourcing compute to other networks, and pushing the important end state back into Ethereum. Optimistic rollups do this by assuming that there'll be at least 1 person to challenge a proposed block whenever that block's invalid. This setup however has the shortcoming of needing there to be a challenge window for other participants in the network to have time to respond.
> I’ll be right back, I need to explain this one to grandma.
Term by term:
- EVM-equivalent: The Ethereum Virtual Machine (EVM) is the part that allows smart contract code can be run on the network. EVM-equivalency means that you can just drop in your smart contract code, and it has to run as it would on Ethereum itself.
- Optimistic Rollup: A Rollup is the current consensus for scaling up the network, by outsourcing compute to other networks, and pushing the important end state back into Ethereum. Optimistic rollups do this by assuming that there'll be at least 1 person to challenge a proposed block whenever that block's invalid. This setup however has the shortcoming of needing there to be a challenge window for other participants in the network to have time to respond.