A16z Is Building an Optimism-Essentially based Rollup Consumer ‘Magi’
Generally, an orange dot is all it takes for a blockchain’s native crypto token to rally.
Layer 2 blockchain Optimism’s token OP rose 5% on Wednesday to $2.69, recovering from a selloff earlier in the day. The token’s rally became almost straight followed by an announcement from finishing up capital company a16z of its plans to form a brand contemporary rollup client for Optimism.
Nonetheless, about a of the worth circulate throughout the arrangement had already taken relate on Tuesday, after a16z engineer Noah Citron tweeted an orange dot with the words “coming soon,” which unsurprisingly area Twitter ablaze with hypothesis.
coming soon 🟠 pic.twitter.com/8kADUuervL
— ncitron.eth (@NoahCitron) April 18, 2023
That hypothesis has now been laid to relaxation, with a16z announcing a brand contemporary rollup client in the works for the Layer 2 blockchain. The client, called Magi, will likely be a “blazing immediate” rollup client written in the Rust programming language.
Up to now, Optimism has finest one client, op-node, maintained by OP Labs that is written in the Crawl programming language. Magi would be an independently developed substitute for the op-node client, said Citron, and the truth that it is written in a single other language could presumably well abet more contributors to the ecosystem.
Magi will act because the consensus client which feeds contemporary blocks to execution purchasers as a potential to arrangement the chain. This can the truth is agree with the identical core functionality as op-node, working alongside an execution node to sync to any OP Stack chain, alongside side Optimism and Coinbase’s newly launched Layer 2 Tainted.
Within the most effective design of things, over reliance on any one client could presumably well compromise the decentralization of an underlying blockchain. Ethereum builders have long encouraged client range, asking node operators to adjust to minority purchasers to withhold the network’s safety.
One more Optimism consensus client will no doubt be welcomed by proponents of decentralization.
Citron famed that Magi is peaceable very contemporary and wander months of style faraway from being a feasible alternative to op-node.
“There’s a long solution to transfer, nonetheless we’re committed to getting there,” he said, asking builders seeking to make contributions to ascertain out and portion their recommendations and code.
Source credit : unchainedcrypto.com