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Blockchain

Arbitrum Nova Mainnet Has Been Launched

July 12, 2022 - Around 2 mins mins to read
Today, Arbitrum announced the launch of the mainnet for the Arbitrum Nova version, a solution developed on the basis of AnyTrust technology with many significant improvements.
Arbitrum Nova Mainnet Has Been Launched

On the project Twitter page, it announced the mainnet for Nova, as well as the latest updates regarding the much-awaited previous version, Arbitrum Nitro (an upgraded version of the current Arbitrum One).

Further explaining why there are many chains operating in parallel on the Arbitrum ecosystem, the project side said:

In addition, the basic technical difference between the two chains is that Arbitrum Nova is developing on AnyTrust technology, while Arbitrum One is currently developing based on Optimistic Rollup technology.

Nitro is an upgraded version for Arbitrum One and is still in the finishing stage before being put into use with high capacity.

Previously, Arbitrum had to suspend the current Odyssey incentive program on Arbitrum One, due to a large number of transactions pouring into the network, causing the system to overload and increase gas fees suddenly.

Arbitrum Nova Mainnet Has Been Launched

Accordingly, whether Arbitrum will re-implement the above incentive program soon or not, depends on Nitro’s progress. In the article, the team explained the update progress for the Nitro version:

“For our community of builders focused on Arbitrum One, we have even more exciting news coming in short order (alpha leak ahead). We are very close to the Arbitrum Nitro migration and the last testing milestone before that happens on mainnet will be migrating the Arbitrum Rinkeby testnet to Nitro. We are days away from that and once that happens we’ll be full steam ahead.

Additionally we are planning on standing up a new Nitro-based Arbitrum Goerli testnet to serve as the long-term Arbitrum testnet. We’ll be sharing more details around timing and what our developer community can expect with these changes in a follow-up post in the coming days.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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Harold

CoinCu News

AnyTrust

Arbitrum

Arbitrum Nitro

Arbitrum Nova

Odyssey

Optimistic Rollup

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Arbitrum Nova Mainnet Has Been Launched

Today, Arbitrum announced the launch of the mainnet for the Arbitrum Nova version, a solution developed on the basis of AnyTrust technology with many significant improvements.
Arbitrum Nova Mainnet Has Been Launched

On the project Twitter page, it announced the mainnet for Nova, as well as the latest updates regarding the much-awaited previous version, Arbitrum Nitro (an upgraded version of the current Arbitrum One).

Further explaining why there are many chains operating in parallel on the Arbitrum ecosystem, the project side said:

In addition, the basic technical difference between the two chains is that Arbitrum Nova is developing on AnyTrust technology, while Arbitrum One is currently developing based on Optimistic Rollup technology.

Nitro is an upgraded version for Arbitrum One and is still in the finishing stage before being put into use with high capacity.

Previously, Arbitrum had to suspend the current Odyssey incentive program on Arbitrum One, due to a large number of transactions pouring into the network, causing the system to overload and increase gas fees suddenly.

Arbitrum Nova Mainnet Has Been Launched

Accordingly, whether Arbitrum will re-implement the above incentive program soon or not, depends on Nitro’s progress. In the article, the team explained the update progress for the Nitro version:

“For our community of builders focused on Arbitrum One, we have even more exciting news coming in short order (alpha leak ahead). We are very close to the Arbitrum Nitro migration and the last testing milestone before that happens on mainnet will be migrating the Arbitrum Rinkeby testnet to Nitro. We are days away from that and once that happens we’ll be full steam ahead.

Additionally we are planning on standing up a new Nitro-based Arbitrum Goerli testnet to serve as the long-term Arbitrum testnet. We’ll be sharing more details around timing and what our developer community can expect with these changes in a follow-up post in the coming days.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News