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Ethereum's Arbitrum Turns One, Activates Crucial Upgrade Nitro

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Thu, 1/09/2022 - 11:46
Ethereum's Arbitrum Turns One, Activates Crucial Upgrade Nitro
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The latest upgrade to Arbitrum's design is set to dramatically increase networth throughput, advance L1/L2 data logistics and reduce the cost of Arbitrum transactions.

Arbitrum celebrates first anniversary, migrates towards Nitro

According to the official announcement of its team, Arbitrum network, a second-layer solution on the top of Ethereum, finally migrates to a new technical design, dubbed Nitro.

Arbitrum One mainnet - a main product of Arbitrum's stack — is now fully running on Nitro. Mainly, the upgrade has boosted the speed, throughput, cost efficiency and interoperability of Arbitrum.

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At the same time, with Nitro, Arbitrum network receives Geth (Go Ethereum) tracing instruments for better debugging and a safer "retryable" mechanism.

As per some estimations, Arbitrum Nitro can reduce transaction costs by 27%. Meanwhile, even before the upgrade, Arbitrum transactions had been 95% cheaper than Ethereum's.

Arbitrum Odyssey might be restarted with Nitro

It should be noted that Nova, Arbitrum's GameFi- and SocialFi-centric sidechain, was running on Nitro even before the Arbitrum One migration.

Steven Goldfeder, co-founder of Arbitrum maintainer Offchain Labs, highlights that many more impressive upgrades for Arbitrum are in the making:

It took a year and another 5,507 commits to reach today's launch, but the seeds were planted long ago. And now some alpha: Nitro is amazing, but we've already planted several seeds to make Arbitrum even better.

With Nitro activated, Offchain Labs can restart the Arbitrum Odyssey, the largest community-driven event in the L2 segment. It was paused on July 1, 2022, due to an unexpected fee spike.

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