Arbitrum has begun testing the Nitro upgrade on testnet and if the test goes well, It will start working on mainnet in a few weeks. The upgrade is designed to increase the number of transactions the network can process. along with cost reduction
The Rinkeby Nitro migration was successful, the chain is back online!
Teams may now feel free to resume testing out their protocols as they please!
Please note that partner infrastructure will come back up over the next few days.
— Arbitrum (@arbitrum) July 28, 2022
Arbitrum is the most widely adopted scalability solution on Ethereum, currently ranking first in Total Value Locked (TVL), a measure of value in the protocol’s smart contracts.
The release of Nitro will be a pivotal moment for Ethereum as it will make this one of the key scalable solutions even more powerful. By supporting faster and cheaper transactions, Abritrum enables the network to be more scalable.
“Nitro will allow us to increase demand by many times the capacity of Ethereum, which will greatly increase our scalability,” said Arbitrum CEO Steven Goldfeder.
“Our mission is to provide users with the best size and scale Ethereum using the best technology available today. This means scaling the security of Ethereum and expanding the decentralization of Ethereum,” he added.
“Getting started for developers is very easy, as Arbitrum is always fully EVM compatible and for Nitro even inside is the same. It touches and drives like an Ethereum car, but if you pick up the hood you’ll notice the difference. In the hood of the Arbitrum is an AVM (Arbitrum Virtual Machine) for the Nitro, even the interior is the same.”
After the Nitro upgrade, the Arbitrum will be released. Anytrust Chains It is intended to help applications with specific needs (such as games) maintain the same level of security as the core Ethereum blockchain while reducing costs and throughput for their applications. he
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