Blockchain

Offchain Labs Now Launches Arbitrum Stylus To Support Smart Contract Development

Key Points:

Arbitrum Stylus is a new technology that enables smart contract development in multiple languages.
It uses the EVM+ model, which improves efficiency and lowers gas costs.
Offchain Labs will host a hackathon with $20,000 in bounty money to encourage developers to try it out.

Arbitrum, a leading layer 2 scaling solution for Ethereum, has announced the launch of Arbitrum Stylus, a new technology that allows developers to write smart contracts in multiple programming languages, including Rust, C, and C++, as well as the existing Solidity language.

Offchain Labs Now Launches Arbitrum Stylus To Support Smart Contract Development 2

Arbitrum Stylus leverages the EVM+ model, which combines the benefits of both EVM and WASM virtual machines, such as interoperability, composability, efficiency, and access to existing libraries. The code and testnet for Arbitrum Stylus are now public, and the Arbitrum community will vote on whether to adopt them.

The product aims to expand the scope of Ethereum-compatible smart contract development by enabling new use cases that were previously impractical or too expensive on the blockchain, such as alternative signature schemes, larger generative art libraries, C++-based gaming, and compute-heavy AI models.

By improving computational, storage, and memory efficiency, Stylus also dramatically lowers gas costs for developers and users.

Arbitrum Stylus is designed for both experienced Web 3 developers who want to use additional WASM-compatible languages with Arbitrum chains and for other developers who may be new to blockchain development.

The open-source SDK is available now on Github, and Offchain Labs, the team behind Arbitrum, will be holding a Stylus Hackathon with $20,000 in bounty money at ETHGlobal NY.

Arbitrum is one of the most popular and secure layer 2 scaling solutions for Ethereum, with over $5.4 billion in total value locked up. With the launch of Arbitrum Stylus, Arbitrum hopes to attract more developers and users to its platform and to foster innovation and growth in the Ethereum ecosystem.

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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.