Reddit is presently utilizing the Arbitrum scaling solution to improve community factors on Ethereum – with Moons and Bricks tokens.
“We are scaling Reddit Community Points via Arbitrum! Today the team is rolling out a new Layer 2 update with Arbitrum technology and testing this expansion network on Rinkeby before moving to the Ethereum mainnet, ”Reddit admin Disclosure yesterday.
Topic to focus on increasing community factors with Arbitrum | Source: Reddit
Arbitrum is one in all a number of rollups being developed for Ethereum. Essentially, rollups are aimed toward eradicating a number of the load from the Ethereum mainnet by doing out-of-chain transactions. Initially, Reddit deployed Arbitrum on the Rinkeby testnet, with plans to migrate it to the Ethereum mainnet sooner or later if all goes properly. Ultimately, the combination will assist improve the transaction pace of moons and bricks and even scale back fuel costs.
“You’ll find that transactions are much faster and once you’ve created a vault, you don’t have to claim moons / bricks every month. They appear automatically like a magic trick in your vault, ”defined the Reddit builders.
While different Layer 2 scaling options akin to Optimistic Rollups and ZK Rollups are in improvement, the Reddit workforce sees Arbitrum as essentially the most promising scaling expertise for Community Points. Among the primary benefits of Arbitrum, Reddit highlights its decentralization, developer-friendliness, and robust ecosystem help.
“Today’s launch is an enormous step ahead, however the work is taking extra time. Our objective is to make issues mainstream by bringing hundreds of thousands of customers to the blockchain. “
watch TV
After decrypting
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Explore the latest crypto trends, Ethereum's status, Bitcoin ETFs, and crypto market dynamics. Learn about…
Bitcoin transactions represent the movement of bitcoins from senders to receivers, digitally signed using cryptography…
Visa's new metric finds that over 90% of stablecoin transaction volumes lack genuine user engagement.
Data from Coinglass has unveiled staggering figures of liquidated contracts, shaking both seasoned investors and…
Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…
The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…
This website uses cookies.