Magi to Provide More Robust Decentralization

The crypto division of venture capital firm Andreessen Horowitz (a16z) has announced the release of Magi, a roll-up client for Optimism. The project is a new client for the OP Stack, the open-source development stack that powers Optimism.‍

The OP provides a framework for developing Decentralized Applications (dApps) using the Layer 2 solution. 

Magi will provide more diversity to Optimism rollup clients—the software that allows developers to interact with blockchain networks, according to a16z engineer Noah Citron. At the moment, the only client on Optimism is op-node, which is written in Go programming language and maintained by OP Labs. While Magi uses Rust as the programming language, it is meant to be a faster alternative to Op-Node.

“Magi aims to be an independently developed, drop-in replacement for op-node, adding to the rollup’s client diversity,” a16z said in a statement. 

As the protocol specifies, multiple clients of the protocol can help keep the network safe and live. 

Magi serves as the consensus client (often referred to as a roll-up client when speaking of the OP Stack) in Ethereum's traditional execution-consensus split. In the same way as the reference implementation (Op-node), Magi synchronizes with any OP Stack chain (such as Optimism and Base) through an execution node (such as op-geth).

It is essential to have a diverse set of clients on both the execution and consensus sides. However, most of the development has focused on the execution clients so far.

By making a few minor changes, any existing Ethereum execution client can be compatible with Optimism, and several new projects have already adapted them to achieve client diversity. It's also worth noting Magi will likely take months of development to become a viable alternative to op-node.

As of now, Optimism is the second most popular Ethereum layer-2 scaling solution, with a market share of 21% after Arbitrum. It currently has a total value locked (TVL) at $2.08 billion, according to L2beat.

In addition, TVL on the network has increased by 81% since the beginning of the year. Optimism ($OP) is trading at $2.47, up 7.49% in 24 hours. 

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What is Optimism:

Optimism was established in 2019 by a team of Ethereum developers and operated as an L2 blockchain that leverages optimistic rollups to process transactions in batches. This technology offers users cost-effective and almost instantaneous transactions. Optimism is also a reliable, scalable, and secure platform for developers seeking to create Ethereum applications quickly.

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