Search Results for "arbitrum"
Arbitrum Orbit Expands Blockchain Customization and Interoperability
Arbitrum Orbit is revolutionizing blockchain technology with customizable chains, enhanced decentralization, and interoperability, fostering innovation across the Ethereum ecosystem.
Timeboost: Offchain Labs' Innovative Transaction Ordering for Arbitrum
Offchain Labs introduces Timeboost, a protocol enhancing transaction ordering on Arbitrum chains, balancing speed and MEV protection. Discover how it aims to improve blockchain efficiency.
Offchain Labs Explores High-Throughput Scaling for Arbitrum with Alt-Clients
Offchain Labs is advancing Arbitrum's scalability with a focus on alt-client solutions like Reth, Erigon, and Nethermind to enhance throughput and efficiency.
Tandem by OCL Makes Strategic Investment in Camelot DEX on Arbitrum
Tandem, Offchain Labs' venture arm, invests in Camelot DEX, highlighting its role in Arbitrum's ecosystem with over $46 billion in traded volume and sustainable growth focus.
Airdrop Hunters Consolidate Millions Worth of ARB Tokens
A blockchain analysis platform revealed that two "super airdrop hunters" consolidated tokens worth $3.3 million from 1,496 wallets into two wallets. One wallet received 1.4 million ARB from 866 addresses, adding all the tokens to Uniswap, while the other received 933,375 ARB from 630 addresses. Community members speculated about the identities behind the wallets, with some praising their efforts and others expressing negative sentiments.
Arbitrum DAO Approves Additional Funding for STIP Proposals
Arbitrum Decentralized Autonomous Organization approves $23.4 million budget increase for STIP, supporting emerging builders and creating welcoming environment for new projects, raising total budget to 71.4 million ARB tokens.
Arbitrum Alert: Whale Moves Nearly 3 Million ARB Tokens into Binance
A cryptocurrency analyst observed a significant ARB token transaction, with a whale transferring 2,689,046 tokens into Binance and withdrawing 6,750,000 tokens from Binance, OKX, and Coinbase Prime between March 29 and May 17, 2023.
Reddit to Discontinue Blockchain-Based Community Points Program
Reddit is discontinuing its blockchain-based Community Points program due to scalability issues, moving towards more scalable rewards programs. Despite initial promise, high transaction fees and bandwidth limitations on Ethereum led to a transition to Arbitrum Nova in 2022. However, scaling challenges persisted, prompting the phase-out by early November 2021. The termination caused a significant drop in associated token values. Reddit now focuses on other community incentive programs like the Moderator Rewards Program and the Contributor Program.
Ethereum Layer 2s See Surge in Popularity in Q1 2023
Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.
Arcade fighting game Battle of Olympus to launch presale for GODLY token on Arbitrum on March 27
Battle of Olympus, an arcade street fighting game, is set to launch the first phase of its presale for its in-game currency $GODLY on Arbitrum on Monday, March 27.
Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket
Arbitrum-based algorithmic stablecoin startup Hope Finance loses $2 million to a smart contract attack.
Ethereum Layer 2: A Simplified Overview
Ethereum Layer 2 projects, such as Optimism, Arbitrum, and zkSync, aim to increase transaction throughput and reduce costs while maintaining security and decentralization properties. L2 solutions operate atop the existing blockchain, allowing for off-chain processing and a more scalable approach. They offer lower transaction costs, improved transaction capacity, and maintained security. Types of L2 solutions include rollups, state channels, and plasma. Projects like Arbitrum, Optimism, and zkSync are pioneering the L2 space, aiming to improve Ethereum's efficiency and scalability.