![]() The company claims that its AnyTrust technology provides much better security guarantees than other high throughput or low-cost blockchains. “Rather than posting all data to the Ethereum network, the committee certifies and validates batches of transactions and only posts the certifications to Ethereum, resulting in significant cost savings for users.” Offchain Labs explained in the announcement: It is based on the company’s proprietary AnyTrust technology and uses a “data availability committee” to certify and validate transaction batches before transmitting them on the Ethereum mainnet. Offchain Labs stated in a blog post from July that Arbitrum Nova is a completely new chain that differs greatly from Arbitrum One. Arbitrum Nova is intended to be “the premier solution for Web3 gaming and social applications,” according to the press release. While the first chain from Offchain Labs, Arbitrum One, is developed for more common DeFi use cases, Abitrum Nova is specifically designed for cost-sensitive and high-volume transaction scenarios. Following a private launch in July for developers, the new network, known as Arbitrum Nova, is now available to all end users. Coincheck reddit update#Offchain Labs, the company behind the Layer 2 project’s development, announced the update in a press release on Tuesday. Arbitrum Launches Its Layer 2 Chain Arbitrum NovaĪrbitrum has launched a new blockchain optimized for gaming and partnered with Reddit to assist it in migrating its community points system to Ethereum. Ethereum Layer 2 scaling solution Arbitrum has introduced its latest transaction cost-optimized chain, Nova, for all end users and has collaborated with Reddit to migrate its community points system to Ethereum. ![]()
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