Offchain Labs, the company that created the Arbitrum ecosystem, has launched Arbitrum BOLD on testnet following its initial launch in August 2023. BOLD will enable permissionless validation on Arbitrum chains.
BOLD
Bounded Liquidity Delay or BOLD It is a dispute protocol that provides interactive fraud proofing for optimistic rollups that can be used across Arbitrum chains. BOLD supports validator nodes and facilitates network consensus processes. It also provides protection against delay attacks. A cybersecurity threat in which bad actors intentionally delay the normal operation of a system by disrupting the flow of information.
“BOLD guarantees a fixed upper-bound on Arbitrum confirmation on Ethereum and allows a single party with enough resources to defend claims against many opponents without needing to play a 1v1 game against them,” Offchain Labs said. write indeclarationMonday
Arbitrum is one of the most popular Ethereum Layer 2 networks based on the number of wallets in use. Offchain Labs previously raised $120 million led by Lightspeed Venture Partners in August 2021.
“The authenticity of Arbitrum One and Nova is verified through fraud proofs, as their dispute protocols are vulnerable to cryptocurrency attacks. denial-of-service” Offchain Labs writeThere was when it was launched. BOLD In August 2023
Our protocol, called BOLD, can enable secure validation of Arbitrum chains. It is a step up on the decentralization ladder,” the company added.
refer : theblock.co
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