Reddit Is Building on Ethereum Scaling Solution Arbitrum

2021-7-23 17:06

Reddit has announced that it is scaling Community Points with Ethereum scaling solution Arbitrum. The social media network said it deployed a new Layer-2 rollup on Thursday using Arbitrum technology.

Before migrating to the Ethereum mainnet, Reddit is testing the scaling network on top of Rinkeby.

Last year, Reddit launched Community Points, tokens on the second-largest network to give ownership and control to users. Then through a Scaling Bake-Off, they worked with the crypto community to figure out how to bring these tokens to the Ethereum mainnet. Arbitrum noted,

“The Bake-off was a significant step for the ecosystem as a whole in bringing the traditional web to the Ethereum ecosystem.”

And after research and review of multiple projects, Reddit has chosen Arbitrum’s optimistic rollups as the most promising scaling technology for them due to it being decentralized, developer-friendly, and having broad ecosystem support.

Reddit has since then been “working closely” with Offchain Labs, the team behind Arbitrum.

While a significant milestone, a lot remains to be done as they are looking for engineers to build a “more decentralized Internet” at a Reddit-level scale.

Reddit’s goal is to “cross the chasm to mainstream adoption by bringing millions of users to blockchain,” it said. As for Arbitrum, it aims to bring the next wave of users to Ethereum and scale communities.

The post Reddit Is Building on Ethereum Scaling Solution Arbitrum first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3242.74 (-3.28%)
Объем 24H $46.82b
Изменеия 24h: 4.33 %, 7d: 5.31 %
Cегодня L: $3039.69 - H: $3364.01
Капитализация $390.515b Rank 2
Цена в час новости $ 2006.45 (61.62%)

arbitrum scaling reddit solution ethereum new deployed

arbitrum scaling → Результатов: 17


Reddit перенесет токены в основную сеть Ethereum с помощью Arbitrum

Социальная контент-платформа Reddit протестирует Ethereum-решение второго уровня Arbitrum для собственной программы Community Points. We are ecstatic to announce that @Reddit is scaling Community Points on @ethereum using Arbitrum! 🎆 https://t.

2021-7-23 10:01


Celer cBridge goes live on mainnet

Celer, the speedy, affordable value transfer network and undisputed leader in Layer-2 scaling solutions announced that cBridge, its multi-chain network, has gone live on the mainnet. This development makes it possible to transfer tokens across Binance Smart Chain (BNB/USD), Ethereum (ETH/USD), Polygon (MATIC/USD), and Arbitrum at low latency and cost using cBridge, Invezz learned from […] The post Celer cBridge goes live on mainnet appeared first on Invezz.

2021-7-23 14:09


Фото:

Uniswap Aiming to Overcome Ethereum Scalability Issues with Arbitrum

The Uniswap community is signaling their support for the deployment of Uniswap V3 to Arbitrum. The highly talked about Ethereum Layer-2 scaling solution is expected to go live on May 28, 2021, and successful deployment of Uniswap V3 to the network will offer liquidity providers a vast array of benefits including low transaction fees.  UniswapRead More

2021-5-27 17:05


Фото:

Crypto Exchange OKEx to Integrate Ethereum Layer-2 Scaling Solution Arbitrum

Leading crypto exchange OKEx is ready to integrate Layer-2 Ethereum scaling solution Arbitrum. OKEx to Support Arbitrum Deposits and Withdrawals In an announcement made on May 2, one of the largest cryptocurrency exchanges by reported trading volume, OKEx stated it is collaborating with Arbitrum – a market-leading Optimistic Rollup scaling solution geared toward making theRead More

2021-5-4 09:00


Offchain Labs launches Alpha of scaling solution; Coinbase invests

Offchain Labs launches Alpha of scaling solution; Coinbase invests - CryptoNinjas Offchain Labs, led by a former White House Deputy Chief of Technology and a team of U. S. -based academics, has announced the successful release of the Alpha version of its open-source Arbitrum code capable of supporting thousands of simultaneous Ethereum contracts each of which can process over 500 transactions per second.

2019-9-6 21:33