The largest Layer 2 Network On Ethereum in terms of TVL Is Set To Bring Forth The AnyTrust Technology By Launching Arbitrum Nova Chain
Recall the update in Early 2022, Arbitrum talked about the launch of Arbitrum AnyTrust technology optimized for the ultra-low-cost transaction and very good security.
As stated by Arbitrum’s official page, the largest Layer 2 network on Ethereum in terms of TVL is set to bring forth the AnyTrust technology by launching Arbitrum Nova Chain, its Mainnet is now open for developers to start building ahead of opening up to end-users.
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As stated in the tweets, Arbitrum has two distinct chains on the mainnet that together can support just about every blockchain use case.
Nova will be fairly launched giving all developers equal access to have their apps live and ready when the network is now successfully built by the developers as the mainnet is already opened for them.
The Arbitrum Nova is a milestone in the Ethereum and Arbitrum communities. At the moment only developer is allowed on the mainnet and probably in the next two weeks at minimum, the developers will be onboarding while the Nova is permission-only.
When the chain is opened to the users, they will be able to deposit their tokens using the general bridge interface. However, this could be somehow confused for some projects who would otherwise invoke operability when their tokens are directly increasing supply on Nova.
Hopefully, the public rollout of the Nova would be next week as the community will be kept updated on the Data Availability committee and initial members before the Nova chain opens to users.
Updates in the bank
The Arbitrum Nitro migration and the last testing before that happens on the mainnet will be migrating the Arbitrum Rinkeby testnet to Nitro. More also, planning of erecting a new Nitro-based Arbitrum Georli testnet to serve as the long-term Arbitrum testnet.
Differences between Nova and Arbitrum
- Nova is a new chain built on the AnyTrust technology while Arbitrum is an existing chain on our optimistic rollup technology.
- Nova makes use of a Data Availability committee while Arbitrum One puts all transaction data on Ethereum all the time
- Nova is fully EVM compatible and once the Arbitrum migrates to Nitro, the development on both chains will feel the same
A network built with AnyTrust technology can be operated to deploy applications that are highly cost-sensitive and have high transaction volume expectations.
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