Arbitrum Launches Its Layer 2 Chain Arbitrum Nova

Nova, Arbitrum’s second Ethereum Layer 2 chain, has just been released. Arbitrum Nova is a new chain primarily designed for gaming and social applications. The chain is designed for high-volume projects searching for secure, affordable solutions. According to Arbitrum, access has been granted to more than 100 development teams. It also uses a Data Availability Committee, and initial members include ConsenSys, FTX, Google Cloud, Off-chain Labs, P2P, Quicknode, and Reddit. What a day! The launch of Arbitrum Nova was a huge milestone for Arbitrum and the Ethereum community. But this wasn't the work of one team. We're thrilled to be joined by several web2 and web3 giants that help make Nova an out-of-this-world reality. Time for some shoutouts 📢 — Arbitrum (@arbitrum) August 10, 2022 Reddit’s Community Points System The chain can count on implementing Reddit’s Community Points system on Nova as one of its accomplishments. There are now two communities involved in this deployment, though there is a good chance that number will rise. The current emphasis is on promoting development, expanding the ecosystem, and expanding the user base. In contrast to Arbitrum One, Nova gives the transaction data to the Data Availability Committee first, with the data only flowing on-chain if the committee succeeds. It presumes that at least two of the committee members are truthful. Arbitrum August The following weeks will bring more news from Arbi...