OPTIMISM CRYPTO SOFTWARE
OPTIMISM CRYPTO DOWNLOAD

“The bug presented here - which I dub ‘Unbridled Optimism’ - can maybe be (crudely) modelled as a bug on the far side of a ‘bridge,’” Freeman wrote.

OPTIMISM CRYPTO SOFTWARE

The software engineer’s blog post describes how the attacker could mint an arbitrary quantity of tokens before the bug was patched. Freeman was also awarded a $2,000,042 bounty for discovering the bug and disclosing it to the team. The developer further explained that he plans to talk about the Optimism vulnerability on February 18th at Ethdenver 2022. The attack would have allowed “an attacker to replicate money on any chain using their “OVM 2.0” fork of go-ethereum (which they call l2geth),” Freeman said. Freeman reported the Optimism vulnerability on Februand the bug has since been patched. To swap coins onchain using L1 it will cost a user $16.47 in ether but using Optimism to swap coins will cost $0.83. Currently, moving ether using Optimism can cost $0.56 per transfer as opposed to the L1 gas fees today which are $3.29 per transaction. Optimism’s L2 solution allows users to move ethereum for a fraction of the cost. Freeman recently published a blog post called “Attacking an Ethereum L2 with Unbridled Optimism,” which explains how he reported a critical security issue to the developers of the L2 scaling solution Optimism.

OPTIMISM CRYPTO DOWNLOAD

Freeman’s Cydia graphical user interface (GUI) was released in February 2008, and it gives users with jailbroken iPhones the ability to download unauthorized software for the Apple smartphone operating system iOS. Jay Freeman is a prominent software developer who is well known for his iOS Jailbreak and Cydia tools. Cydia Creator ‘Saurik’ Discovers Optimism L2 Vulnerability According to Freeman, the vulnerability, which has been patched, could have allowed an attacker to create an infinite amount of tokens. The Elliott Wave theory states that the long-term price trend of an asset moves in a five-wave pattern while corrections move in a three-wave pattern.On February 10, the well-known developer of Cydia and iOS Jailbreak, Jay Freeman, otherwise known as Saurik, published a Twitter thread about a bug he found in the Layer-2 (L2) scaling protocol known as Optimism. “Expect a correction to around the bottom of wave four soon, but not more, as five waves tend to continue after that.” Source: Santiment

The analytics firm says that Optimism could undergo a correction of over 30% to a price of just above $1.297 over the short term based on the Elliot Wave theory. Optimism is trading at $1.93 at time of writing. According to the analytics firm, Optimism has undergone a “classic dump and pump” move as it soared by slightly over 300% from a July low of $0.45 to a high of $2 in August. Santiment next looks at Ethereum ( ETH) scaling solution Optimism ( OP). An increase in the MVRV value indicates a rise in the potential profits. MVRV is the ratio of the present price and the average acquisition price of the particular asset. This means that there may be an upcoming downturn in the next week or two for UNI, but its future for the long-term still looks to be undervalued.” Source: Santiment But even with mid-term trading returns beginning to overflow, the good news is that long-term traders (in the 365-day MVRV) are still well under water. “We can see that the 30-day Market Value to Realized Value (MVRV) is currently up to +22.5%, which is well above the backtested ‘Danger Zone’ of +15% or more. The crypto analytics firm says that even though those who bought Uniswap 30 days ago are in double-digit profits, those who purchased the crypto asset a year ago are still in losses.Ĭonsequently, Santiment says that Uniswap may fall in price over the short term but it is still undervalued over the long run. Uniswap is trading at $8.96 at time of writing. We can clearly see the major clump of big whale transactions that began forming one week ago, just prior to the major price rise up to $9.69.” Source: Santiment And continued price rises soon followed.Īnd speaking of whales, the amount of large transactions (which we deem to be transactions valued at $100,000 or more) are rising back to May levels as well. The 100k to 1m UNI addresses, in particular, saw a massive accumulation spike just two weeks ago. “It’s also great to see that shark and whale addresses have been accumulating heavier and heavier percentages of Uniswap’s overall supply since May.

“Uniswap has been on quite the tear in the past seven weeks, decoupling from the rest of the altcoin pack in several instances, and jumping +153% since June 18th.”Īccording to Santiment, the daily address activity of Uniswap has risen and large holders of the crypto asset also continue to accumulate.

Optimism crypto