crypto-economy.com
TL;DR
- Arbitrum Orbit Layer 3s Integration on Coinbase Base: Efficiently build and operate decentralized applications on Coinbase Base with Orbit Layer 3s.
- Orbit Advantages: Instant block times, blockchain customization, and compatibility with Ethereum and Arbitrum Stylus for application migration.
- Reduced fees with AnyTrust: AnyTrust reduces transaction fees, making transactions more affordable and simplifying the implementation process on Base.
Coinbase has taken a significant step into the world of cryptocurrencies by integrating Arbitrum Orbit Layer 3s into its Layer-2 Base platform.
This update allows users to build and operate decentralized applications more efficiently and cost-effectively.
Introducing Arbitrum Orbit L3s on Base
Use the lightning-fast @Arbitrum tech stack and build in the vibrant @Base ecosystem
Deploy a testnet or mainnet L3 today! pic.twitter.com/J1nb40bVKJ
— Conduit (@conduitxyz) March 7, 2024
Arbitrum Orbit is a layer 2 scaling solution designed to improve scalability and reduce transaction fees on the Ethereum blockchain.
The announcement was made by Jesse Pollak, head of protocols at Coinbase, through a tweet highlighting the possibility of building Orbit L3s on Base.
This integration is significant because it demonstrates progress in the adoption of scaling solutions on Ethereum, which can improve user experience by reducing fees and transaction processing times.
Arbitrum Orbit offers a number of key advantages
On the one hand, it provides instantaneous block times of 250 milliseconds, ensuring fast and efficient transactions.
Additionally, users have the freedom to customize their blockchain to their specific needs, providing flexibility to adapt to a variety of use cases and application requirements.
Support for the Ethereum Virtual Machine (EVM) and Arbitrum Stylus makes it easy to migrate existing applications to Arbitrum Layer 2.
Another highlight is the implementation of AnyTrust for data availability on the network, which helps reduce transaction fees and makes transactions more affordable for users and developers.
The process of implementing a layer 3 in Base is described as simple, which makes the adoption of this technology even more accessible to everyone.
The integration of Orbit L3s into Base represents a significant advance in the world of cryptocurrencies.
This update provides an efficient and cost-effective scaling solution for Ethereum, which can drive adoption and innovation in the blockchain space.
With instant block times, customization flexibility, and low transaction fees, Arbitrum Orbit on Base is poised to transform the way decentralized applications are built and operated on the Ethereum blockchain.