Optimism blockchain network is a project created to solve a major issue of the biggest smart contract platform Ethereum (ETH) - scalability - which causes transactions to be more expensive as its user activity increases.
With the popularity of crypto on the rise in 2022, the problem of scalability that plagued the crypto industry for years took the center stage once again. The crypto heavyweights, such as Ethereum or Solana were struggling with the ever-increasing demand, resulting in networks being overloaded, transactions taking ages, and network fees going through the roof.
Entering the world of crypto might seem complicated and twisted at first, but as soon as you understand the basics, there is nothing to be afraid of. In this article, we will present you with the most important things you need to know about protecting your wallet through the safe storage of the most private information every crypto enthusiast has: the seed phrase and private keys.