Reddit implemented a Layer 2 solution to expand the ETH Community Points

Reddit has implemented a Layer 2 solution to scale eTH Community Points and if the solution strikes to the mainnet you will notice sooner transactions as we are able to see in our newest Ethereum information right this moment.

Reddit said:

“You’ll find that transactions are much faster and once you’ve created the vault, you won’t have to claim moons every month.”

The social media platform Reddit has introduced that it is going to be increasing its ETH-based neighborhood factors system with the Arbitrum scaling solution. In the current announcement, Reddit admin Jarins mentioned the platform has began its personal Layer 2 rollout utilizing Arbitrum know-how for bonus factors. The platform says it already deployed Layer 2 options in the Rinkeby beta earlier than planning a migration to the Ethereum mainnet. The platform cited Arbitrum’s options as being decentralized and developer-friendly, with broad ecosystem assist of their choice. It additionally aggregates transactions on the non-gas sidechain with a separate set of safety and consensus protocols after which reviews the transactions to Etheruem in batches. The off-chain lab’s growth crew promoted the venture to expand the options.

Users on Reddit earn Community Points by posting sure content material to earn rewards, and on the r / cryptocurrency subreddit they’re in the type of Moon tokens and in the type of r / FortNiteBR with factors known as Bricks. Reddit says the Arbitrum integration will probably end in cheaper and sooner transactions for the platform’s tokens:

“You’ll discover that transactions are a lot sooner, and as soon as you’ve got created the vault, you will not have to declare moons each month. They simply seem in your vault as magic! “

Reddit has implemented Layer 2 solutions, and while community point tokens are popular on the platform, there is no clear consensus among analytics sites on how much is currently in circulation. Data from Etherscan shows MOON was distributed to 67 billionaires, or 24 zeros ended up being distributed to more than 78,000 owners. Redditors using the Moon token discovered real financial applications by voicing their opinions on the platform. A user named satoshinakamoto7 claims to have used the MOON token to pay the rent and as Jarins put it:

“Today’s start is a big step forward, but our work is far from over. Our goal is to break the mainstream of mainstream adoption by bringing millions of users to the blockchain. “

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