{"id":437830,"date":"2022-04-26T22:45:00","date_gmt":"2022-04-26T19:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-scaling-solution-optimism-upgrades-governance-structure\/"},"modified":"2022-04-26T22:45:00","modified_gmt":"2022-04-26T19:45:00","slug":"ethereum-scaling-solution-optimism-upgrades-governance-structure","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-scaling-solution-optimism-upgrades-governance-structure\/","title":{"rendered":"# Ethereum scaling solution Optimism upgrades governance structure"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2920acd7d1a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2920acd7d1a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-scaling-solution-optimism-upgrades-governance-structure\/#%E2%80%9D_Ethereum_scaling_solution_Optimism_upgrades_governance_structure_%E2%80%9C\" >&#8221; Ethereum scaling solution Optimism upgrades governance structure  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Ethereum_scaling_solution_Optimism_upgrades_governance_structure_%E2%80%9C\"><\/span>&#8221; Ethereum scaling solution Optimism upgrades governance structure  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum (ETH), the world\u2019s largest smart contract platform.\u00a0<\/p>\n<p>The \u201cOptimism Collective\u201d was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/optimism.mirror.xyz\/gQWKlrDqHzdKPsB1iUnI-cVN3v0NvsWnazK7ajlt1fI\">introduced<\/a> Tuesday afternoon in a lengthy post that outlined its mission and governance mandate. Described as a \u201clarge-scale experiment in digital democratic governance,\u201d the Optimism Collective essentially comprises a band of communities and stakeholders committed to improving Ethereum\u2019s technical capabilities. <\/p>\n<p>According to the details, the Optimism Collective will be governed by two components: the Citizens\u2019 House and the Token House. The Citizens\u2019 House will \u201cfacilitate and govern a process to distribute retroactive public goods funding\u201d via revenues collected by the network. The Token House, which will be established through forthcoming airdrops, is tasked with voting on protocol upgrades and project incentives. <\/p>\n<p>The Token House, to be powered by Optimism\u2019s new governance token OP, will be responsible for overseeing protocol and network parameters as well as creating incentives for users to enter the ecosystem. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ethereum is ready for its next chapter.<\/p>\n<p>We are ready to scale not only Ethereum (the network), but also the values that thrust it onto the global stage in the first place.<\/p>\n<p>The Optimism Collective is here to reconstruct the incentives of the internet <\/p>\n<p>\u2014 Optimism (\u2728_\u2728) (@optimismPBC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/optimismPBC\/status\/1519001565503369223?ref_src=twsrc%5Etfw\">April 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe Optimism Foundation said in its post that the blockchain community\u2019s \u201ccalls for scalability are deafening,\u201d referring to the growing demand for fast and efficient smart contract functionalities. This demand is being answered by several layer-1 competitors, all of which succumb to centralization flaws while abandoning \u201cEthereum\u2019s security and values,\u201d the foundation said, adding:<\/p>\n<blockquote><p>\u201cScaling the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> alone is not enough. We have a duty to scale our values along with our networks.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>\u2018People should invest in all of the major layer-1s,\u2019 says a veteran trader<\/em><\/strong><\/p>\n<p>While Ethereum continues to dominate the developer scene, its competitors are growing at a faster clip, according to a January report by crypto research firm Electric Capital. The report found that developer activity is growing for projects such as Polkadot (DOT), Solana (SOL) and BNB Smart Chain (BNB), which could potentially eat away at Ethereum&#8217;s dominance. Meanwhile, Ethereum\u2019s share of the decentralized finance (DeFi) market, as measured by total value locked, has also declined considerably over the past 12 months, according to DeFi Llama. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/c9258364-13cd-40c3-be4c-8764640423b2.png\"><figcaption style=\"text-align: center;\"><em>Ethereum still accounts for more than half of DeFi TVL, but its dominance has weakened. Source: DeFi Llama<\/em><\/figcaption><\/figure>\n<p>As Cointelegraph reported, progress toward Ethereum\u2019s proof-of-stake upgrade is underway, though delays have pushed out the implementation timeline by several months. On April 11, Ethereum developers implemented the network\u2019s first-ever \u201cshadow fork\u201d to stress test their assumptions surrounding the upcoming merge. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-scaling-solution-optimism-upgrades-governance-structure\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Ethereum scaling solution Optimism upgrades governance structure &#8220; The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum (ETH), the world\u2019s largest smart contract platform.\u00a0 The \u201cOptimism Collective\u201d was introduced Tuesday afternoon in a lengthy post that outlined its&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNGY0MjBjNmEtYmJkYi00N2I3LWIxYjAtM2NhYWQ0NDFhYjllLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[84148,74891,76341,103657],"class_list":["post-437830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-airdrop","tag-ethereum","tag-scalability","tag-upgrade"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437830"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437831"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}