{"id":22626,"date":"2022-07-12T10:30:04","date_gmt":"2022-07-12T10:30:04","guid":{"rendered":"http:\/\/egrowonline.com\/?p=22626"},"modified":"2022-07-12T10:30:04","modified_gmt":"2022-07-12T10:30:04","slug":"biggest-ethereum-layer-2-introduces-new-chain-with-ultra-low-cost-transactions","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=22626","title":{"rendered":"Biggest Ethereum Layer 2 Introduces New Chain with Ultra Low-Cost Transactions"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div><a target=\"_blank\" class=\"article__lead-img--wrapper\" href=\"https:\/\/u.today\/arman-shirinyan\" rel=\"noopener\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"224\" height=\"140\" alt=\"article image\" src=\"https:\/\/u.today\/sites\/default\/files\/2021-08\/8993.jpg\" class=\"author__item-user-avata\" \/><br \/>\n<\/a><\/p>\n<div class=\"article__lead-info\"><a target=\"_blank\" class=\"article__lead-name\" href=\"https:\/\/u.today\/arman-shirinyan\" rel=\"noopener\">Arman Shirinyan<\/a><\/p>\n<p>New technology will allow GameFi, NFT and social projects to cut their transaction expenses<\/p>\n<\/div>\n<\/div>\n<div>\n<p>The largest Layer 2 network on Ethereum in terms of TVL is ready to <a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/arbitrum\/status\/1546560661282586626\">present<\/a> its new Arbitrum AnyTrust technology by launching Arbitrum Nova chain, which is live on mainnet and open for developers who\u00a0are willing to deploy applications and solutions ahead of the public launch for <a target=\"_blank\" href=\"https:\/\/u.today\/binances-alert-on-uniswap-was-false-alarm-heres-why\" rel=\"noopener\">users<\/a>.<\/p>\n<p>Earlier in 2022, Arbitrum announced the launch on Arbitrum AnyTrust technology optimized for ultra low-cost transactions and high security. To test out the newly released chain, the project releases the first network built with the new technology, Arbitrum Nova.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&#x1f386; Introducing Arbitrum Nova &#x1f386;<\/p>\n<p>A new chain built on our AnyTrust technology that optimizes for ultra low-cost transactions, with strong security guarantees!<\/p>\n<p>Mainnet is now open for developers to start building ahead of opening up to end users. &#x1f6e0;<a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/t.co\/xlZlyQ6kzQ\">https:\/\/t.co\/xlZlyQ6kzQ<\/a><\/p>\n<p>\u2014 Arbitrum (@arbitrum) <a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/arbitrum\/status\/1546560661282586626?ref_src=twsrc%5Etfw\">July 11, 2022<\/a><\/p><\/blockquote>\n<p>After releasing Nova, Arbitrum has two separate chains on mainnet. The new network is mostly designed for gaming and social applications, while the first network will act as a home for DeFi and NFT projects.<\/p>\n<p>Prior to the public launch for end-users, Nova will give\u00a0<a target=\"_blank\" href=\"https:\/\/u.today\/btc-sol-and-avax-price-analysis-for-july-11\" rel=\"noopener\">network<\/a>\u00a0access to all developers who\u00a0are willing to deploy their apps on the new network. If you are willing to build something on Nova, you can request access today.<\/p>\n<div class=\"something middle_banner\">\n<div class=\"something__content something__content-square\" style=\"width:336px;height:280px\">\n<p><a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=183269;size=336x280;setID=558953\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=183269;size=336x280;setID=558953;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"336\" height=\"280\" \/><\/a><\/p>\n<p>Ads<\/p>\n<\/div><\/div>\n<p>The network&#8217;s next step is opening up the new chain to everyone and testing the stability of Nova before onboarding new projects and developing a robust ecosystem. End-users will be able to use the new network in the upcoming weeks.<\/p>\n<h2>AnyTrust technology<\/h2>\n<p>The main difference between Rollups and AnyTrust is the degree of\u00a0<a target=\"_blank\" href=\"https:\/\/u.today\/cardano-veteran-trader-peter-brandt-points-out-familiar-trend-pattern-on-ada-charts\" rel=\"noopener\">decentralization<\/a> and the transaction costs. AnyTrust chains will introduce their own method of security assumption, which allows cheaper transactions, in contrast to Rollups, which\u00a0inherit security directly from Layer 1.<\/p>\n<p>Networks built with AnyTrust technology can be used to\u00a0deploy\u00a0applications that are highly cost-sensitive and have high transaction volume expectations. One of the most notable examples is GameFi projects, or blockchain-based social applications with a high level of interaction\u00a0between users.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/u.today\/biggest-ethereum-layer-2-introduces-new-chain-with-ultra-low-cost-transactions\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arman Shirinyan New technology will allow GameFi, NFT and social projects to cut their transaction expenses The largest Layer 2 network on Ethereum in terms of TVL is ready to present its new Arbitrum AnyTrust technology by launching Arbitrum Nova chain, which is live on mainnet and open for developers who\u00a0are willing to deploy applications [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[1887,365,158,1313,1593,9696,1766,1803],"class_list":["post-22626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-biggest","tag-chain","tag-ethereum","tag-introduces","tag-layer","tag-lowcost","tag-transactions","tag-ultra"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/21610.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22626"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22626\/revisions"}],"predecessor-version":[{"id":22628,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22626\/revisions\/22628"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/22627"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22626"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}