{"id":20662,"date":"2023-04-19T19:33:35","date_gmt":"2023-04-19T19:33:35","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/04\/19\/a16z-unveils-optimism-based-rollup-called-magi\/"},"modified":"2023-04-19T19:33:35","modified_gmt":"2023-04-19T19:33:35","slug":"a16z-unveils-optimism-based-rollup-called-magi","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/04\/19\/a16z-unveils-optimism-based-rollup-called-magi\/","title":{"rendered":"A16z Unveils Optimism-Based Rollup Called Magi"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><strong>Crypto News:<\/strong> A day after tweeting out an orange dot with a view to fire up a media frenzy, the crypto division of enterprise capital agency Andreessen Horowitz (a16z) disclosed its ambitions for <a href=\"https:\/\/coingape.com\/glossary\/blockchain\/\">blockchain<\/a> infrastructure within the type of Magi, a rollup consumer for Optimism. However, Magi just isn&#8217;t but prepared for manufacturing and would require a number of extra months of analysis and improvement.<\/p>\n<h2>A16z Releases New Rollup Client<\/h2>\n<p>According to A16z\u2019s official weblog <a rel=\"nofollow\" href=\"https:\/\/a16zcrypto.com\/content\/article\/building-magi-a-new-rollup-client-for-optimism\/\">post<\/a>, the consumer software program for the famous enterprise capital agency is being developed on the OP Stack, which is an utility stack designed to ascertain a blockchain <a href=\"https:\/\/coingape.com\/glossary\/decentralized-applications-dapps\/\">dApp<\/a> ecosystem centered across the Optimism Layer 2 community. This consumer is presently being developed on the programming language Rust and is meant to be a faster different to op-node, which is presently the one rollup consumer being provided.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><em><strong>Read More:<\/strong><strong>\u00a0<a title=\"EU Debates MiCA Crypto Law Before Vote; Here\u2019s Implementation Timeline\" href=\"https:\/\/coingape.com\/eu-debates-mica-crypto-law-before-vote-heres-timeline-for-implementation\/\" target=\"_blank\" rel=\"bookmark noopener\">EU Debates MiCA Crypto Law Before Vote; Here\u2019s Implementation Timeline<\/a><\/strong><\/em><\/p>\n<p>A \u201cclient\u201d is a program that validates transactions and retains an area copy of the blockchain community. Clients enable customers to interact with a blockchain community and retain an area copy of the community\u2019s knowledge. A blockchain community can\u2019t afford to have a single level of failure, which is why having a various set of purchasers is essential.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<h2>A16z Eyes Larger Adoption<\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"quads-location quads-ad124348 \" id=\"quads-ad124348\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n<div class=\"ad-container-layout\">\n<div class=\"ad-container justify-content-center\">\n      <a href=\"http:\/\/bit.ly\/40OEz7O\" target=\"_blank\" rel=\"nofollow noopener\" style=\"width:15%\"><br \/>\n        <img decoding=\"async\" alt=\"Bitcoin Campaign\" style=\"width:85px\" class=\"ad-image\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/14132333\/Group-47675.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/14132333\/Group-47675.png\" alt=\"Bitcoin Campaign\" style=\"width:85px\" class=\"ad-image\"\/><\/noscript><br \/>\n      <\/a><\/p><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"textAds mt-3 position-relative mb-3 border rounded p-2\">\n<a href=\"http:\/\/bit.ly\/3kCtW8T\" target=\"_blank\" class=\"d-flex text-decoration-none\" rel=\"nofollow noopener\">\n\n\n<div class=\"imgAds\"><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" \/><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" \/><\/noscript><\/div>\n\n\n\n\n<div class=\"TextadTxt pl-3 pr-5\">Bitget is a Leading Derivatives Trading Platform - 24\/7 online support. One-Click Copy Trading. Industry-leading Security. Sign up & Trade Digital Asset!<\/div>\n\n\n<i class=\"iconsads position-absolute left-50 top-2\"><\/i>\n<\/a>\n<\/div>\n\n -->\n<\/div>\n<p>The major proposition of A16z\u2019s launch\u00a0is that the adoption of a Rust-based consumer will encourage a better variety of builders to work on the <a href=\"https:\/\/coingape.com\/tag\/optimism\/\">Optimism<\/a> blockchain, which is able to result in improved decentralization. Enhancements to latency, sync pace, and testing frameworks are on the agenda for future Magi improvement.<\/p>\n<p>Andreessen Horowitz is without doubt one of the most well-known buyers within the <a href=\"https:\/\/coingape.com\/markets\/\">cryptocurrency market<\/a> and has greater than $7 billion in funds dedicated to investments within the discipline. The firm has made investments in all kinds of cryptocurrency startups, a few of which embrace Solana, Aptos, <a href=\"https:\/\/coingape.com\/glossary\/coinbase\/\">Coinbase<\/a>, LayerZero, Yuga Labs, Dfinity, and Dapper Labs, amongst others.<\/p>\n<p>In the wake of this crypto information, the value of Optimism (OP) surged by 0.02% up to now 1 hour and is presently exchanging arms at $2.68.<\/p>\n<p><em><strong>Also Read: <a title=\"Just-In: U.S. Congress Erupts In Heated Debate Over Stablecoin Regulation\" href=\"https:\/\/coingape.com\/congress-weighs-legislation-stablecoin-hearing\/\" rel=\"bookmark\">U.S. Congress Erupts In Heated Debate Over Stablecoin Regulation<\/a><\/strong><\/em><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA145737\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Pratik has been a crypto evangelist since 2016 &amp; been by means of virtually all that crypto has to supply. Be it the ICO growth, bear markets of 2018, Bitcoin halving to until now &#8211; he has seen all of it.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD145737\">\n<p>  The introduced content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability to your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/crypto-news-a16z-unveils-optimism-based-rollup-called-magi\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Crypto News: A day after tweeting out an orange dot with a view to fire up a media frenzy, the crypto division of enterprise capital agency Andreessen Horowitz (a16z) disclosed its ambitions for blockchain infrastructure within the type of Magi, a rollup consumer for Optimism. However, Magi just isn&#8217;t but prepared for manufacturing and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[450,3789,6601,6599,6600,765],"class_list":["post-20662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-a16z","tag-called","tag-magi","tag-optimismbased","tag-rollup","tag-unveils","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/20662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=20662"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/20662\/revisions"}],"predecessor-version":[{"id":20663,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/20662\/revisions\/20663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/20664"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=20662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=20662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=20662"}],"cu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