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Blockchain

New Arbitrum Expansion Plan Launched To Support The Creation Of Custom Chains

January 19, 2024 - Around 2 mins mins to read

Key Points:

  • Arbitrum Foundation and Offchain Labs roll out a user-friendly Arbitrum expansion plan.
  • Arbitrum Orbit empowers projects with full governance control, eliminating external outsourcing.
Arbitrum Foundation, in collaboration with Offchain Labs, has unveiled a groundbreaking initiative encompassing the launch of the Arbitrum expansion plan and the establishment of the Arbitrum Developer Association.
New Arbitrum Expansion Plan Launched To Support The Creation Of Custom Chains

Read more: Arbitrum’s Emerging DeFi Projects Worthy Of Attention

Arbitrum Extension Plan Empowers Autonomous Blockchain Projects

This strategic program introduces a streamlined, self-service avenue for teams aspiring to initiate projects on the Arbitrum technology chain.

Under the Arbitrum expansion plan, participating teams gain the opportunity to leverage custom Arbitrum Orbit chains, empowering them to deploy personalized versions of the Arbitrum technology stack.

A key highlight of Arbitrum Orbit is the unprecedented autonomy granted to these chains over governance, eliminating the need for external governance outsourcing or shared governance with other chains and ecosystems. This pioneering approach fosters an environment of flexibility and innovation for project teams.

To partake in the Arbitrum expansion plan, participants must meet specific criteria. Notably, a portion of their profits is required to be reinvested back into the Arbitrum ecosystem. Furthermore, the deployed Rollup must exclusively rely on the Ethereum chain or a chain secured by Ethereum.

In tandem with the Arbitrum expansion plan, the Arbitrum Developer Association emerges as a proactive initiative. This association aims to support core Arbitrum development financially and attract top-tier development teams to contribute to the ongoing enhancement of the Arbitrum technology stack.

The broader objective is to fortify the Ethereum ecosystem, enabling any team with aspirations to launch Layer 2 or Layer 3 solutions within the Ethereum framework to harness the advanced capabilities of Arbitrum’s technology.

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.

ARB

Arbitrum

Arbitrum Expansion Plan

Arbitrum Orbit

Ethereum

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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

New Arbitrum Expansion Plan Launched To Support The Creation Of Custom Chains

Key Points:

  • Arbitrum Foundation and Offchain Labs roll out a user-friendly Arbitrum expansion plan.
  • Arbitrum Orbit empowers projects with full governance control, eliminating external outsourcing.
Arbitrum Foundation, in collaboration with Offchain Labs, has unveiled a groundbreaking initiative encompassing the launch of the Arbitrum expansion plan and the establishment of the Arbitrum Developer Association.
New Arbitrum Expansion Plan Launched To Support The Creation Of Custom Chains

Read more: Arbitrum’s Emerging DeFi Projects Worthy Of Attention

Arbitrum Extension Plan Empowers Autonomous Blockchain Projects

This strategic program introduces a streamlined, self-service avenue for teams aspiring to initiate projects on the Arbitrum technology chain.

Under the Arbitrum expansion plan, participating teams gain the opportunity to leverage custom Arbitrum Orbit chains, empowering them to deploy personalized versions of the Arbitrum technology stack.

A key highlight of Arbitrum Orbit is the unprecedented autonomy granted to these chains over governance, eliminating the need for external governance outsourcing or shared governance with other chains and ecosystems. This pioneering approach fosters an environment of flexibility and innovation for project teams.

To partake in the Arbitrum expansion plan, participants must meet specific criteria. Notably, a portion of their profits is required to be reinvested back into the Arbitrum ecosystem. Furthermore, the deployed Rollup must exclusively rely on the Ethereum chain or a chain secured by Ethereum.

In tandem with the Arbitrum expansion plan, the Arbitrum Developer Association emerges as a proactive initiative. This association aims to support core Arbitrum development financially and attract top-tier development teams to contribute to the ongoing enhancement of the Arbitrum technology stack.

The broader objective is to fortify the Ethereum ecosystem, enabling any team with aspirations to launch Layer 2 or Layer 3 solutions within the Ethereum framework to harness the advanced capabilities of Arbitrum’s technology.

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.
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