Arbitrum Launches Its Layer 2 Chain Arbitrum Nova

Arbitrum Launches Its Layer 2 Chain Arbitrum Nova

Back to the list

Arbitrum Launches Its Layer 2 Chain Arbitrum Nova

cryptoknowmics.com

5 h

Reading time: ~2 m

Nova, Arbitrum’s second Ethereum Layer 2 chain, has just been released. Arbitrum Nova is a new chain primarily designed for gaming and social applications. The chain is designed for high-volume projects searching for secure, affordable solutions. According to Arbitrum, access has been granted to more than 100 development teams. It also uses a Data Availability Committee, and initial members include ConsenSys, FTX, Google Cloud, Off-chain Labs, P2P, Quicknode, and Reddit. https://twitter.com/arbitrum/status/1557167197331546115

Reddit’s Community Points System

The chain can count on implementing Reddit’s Community Points system on Nova as one of its accomplishments. There are now two communities involved in this deployment, though there is a good chance that number will rise. The current emphasis is on promoting development, expanding the ecosystem, and expanding the user base. In contrast to Arbitrum One, Nova gives the transaction data to the Data Availability Committee first, with the data only flowing on-chain if the committee succeeds. It presumes that at least two of the committee members are truthful.

Arbitrum August

The following weeks will bring more news from Arbitrum, which has called this month “Arbitrum August.” It has already converted Rinkeby to Nitro and aims to migrate One on August 31. The initiative, which has had a lot of success over the last few months, has a busy week ahead of it. For several reasons, Ethereum layer two solutions have been in the news. Nova might be the catalyst for a fresh round of chain development.

Source

Back to the list

Leave a Reply

Main Menu