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CATEGORY: arbitrum layer2


What is Arbitrum? Is it the Best L2 Solution in 2022?

Author: Owotunse Adebayo
Germany
May 01, 2022 07:05

What is Arbitrum? Is it the Best L2 Solution in 2022?

With blockchains like Ethereum already getting clogged, we have some Layer 2 solutions helping out. Enter Arbitrum and how it helps traders.

Nov 06, 2021 02:25

Reddit Plans To Onboard 500 Million Users To Web3 Via Ethereum’s Arbitrum

Reddit - the world’s renowned social media, news posting, and discussion site has been involved with Web3 and blockchain tech for a while now. In May 2020, Reddit announced a limited rollout of community points initiative to tokenize the platform activity and incentivize user participation.

Then, realizing that they need an L2 solution to entertain their heavy traffic in an economical manner, Reddit launched "The Great Reddit Scaling Bake-Off" after inviting multiple Ethereum teams to develop an L2 solution, specifically for their needs.

https://twitter.com/iamRahul20x/status/1455950515339137024

Offchain Lab's Arbitrum was declared the ultimate winner on July 22, utilizing the roll-ups technology. This paved the way for Reddit's ambitious plan - onboard 500 million Reddit users to Web3 via Ethereum's Arbitrum L2! Let's see some more details shared by their crypto engineer Rahul Kothari.

https://twitter.com/iamRahul20x/status/1455950505209995264

Reddit has something called karma - which is basically an interactive reputation-based points system. Every time somebody thinks that your post is helpful, he can give you a thumbs up, rewarding you with karma. It's the same case otherwise. According to Rahul, the karma points will soon become Ethereum based tokens, in an attempt to decentralize social media.

The users will be able to take community-based decisions and fork subreddits in disagreements (think two parallel threads existing with new/modified histories). This new development can have interesting implications as users would finally be able to "moderate" the content to a significant extent.

Reddit will now focus on allowing users to take ownership - a share of the platform they constantly contribute to. This is also a clever monetization strategy as the platform is likely to consolidate its dominance further by climbing on the blockchain trend and getting a head start on its competitors when it comes to Web3.

reddit 500 million users web3 ethereum arbitrum© Cryptoticker

The post Reddit Plans To Onboard 500 Million Users To Web3 Via Ethereum’s Arbitrum appeared first on CryptoTicker.

Mar 21, 2023 02:25

How to Trade ARB on Binance – Quick Guide

How to trade ARB on Binance? In this article, we'll take a closer look at what is ARB and what Binance's plans are for its listing.

Mar 16, 2023 07:05

Arbitrum Airdrop: How to claim your free $ARB token?

The Arbitrum Foundation revealed that the tokens would be distributed to community members via Arbitrum airdrop.

Apr 06, 2023 10:45

The Big Arbitrum Price Prediction– Are We Seeing $4 to $5 Soon?

What potential scenarios could lead to an ARB price prediction of $4 to $5. Let's take a look at Arbitrum Price Prediction.

Arbitrum (ARB) Price Prediction for 2023, 2024, and 2025

Author: Prasanna Peshkar
Germany
Jul 05, 2023 07:05

Arbitrum (ARB) Price Prediction for 2023, 2024, and 2025

We aim to provide potential trajectories for Arbitrum prices for 2023, 2024, and 2025. Let's delve into this Arbitrum price prediction.

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