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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    PENGU token loses 20% in August amid Pudgy Party game launch

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

    PENGU token loses 20% in August amid Pudgy Party game launch

    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

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    What’s Behind the Double-Digit Declines?

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    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

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    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

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    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

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    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

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  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    SoonVerse Partners with Arris to Enhance User Experience

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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  • Guides
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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

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    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

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    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

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    What’s the Difference & Which Is Better to Trade?

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Blockchain

Offchain Labs Unveils ArbOS 20 Atlas, Dramatically Cutting Transaction Costs on Arbitrum

March 17, 2024
in Blockchain
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Offchain Labs Unveils ArbOS 20 Atlas, Dramatically Cutting Transaction Costs on Arbitrum
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This week, Offchain Labs, the pioneering force behind Arbitrum, Ethereum’s leading Layer 2 (L2) scaling solution, has announced the launch of ArbOS 20, codenamed “Atlas.”

—

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This milestone release represents a major stride forward for the Arbitrum ecosystem, ushering in support for the Ethereum Dencun update across all Arbitrum chains. With the integration of Stylus and EVM+, ArbOS Atlas empowers developers to execute applications and use cases previously deemed unfeasible on Arbitrum, particularly those generating a high volume of transactions, such as Gaming, SocialFi, or DeFi exchanges.
One of the most impactful outcomes of ArbOS Atlas is a substantial reduction in Ethereum Layer 2 transaction costs.
By enabling Arbitrum chains to post user transactions in the form of a Blob, Atlas ushers in a new era of transaction economics, slashing costs and unlocking new storage opcodes for more economical transient data storage. Moreover, Atlas introduces support for EIP-6780, aligning Arbitrum’s security posture with that of the Ethereum Virtual Machine (EVM) and laying the groundwork for future EVM enhancements.

Steven Goldfeder, CEO and Co-Founder of Offchain Labs, expressed enthusiasm for the benefits brought by ArbOS Atlas: “The decision by the Arbitrum DAO to adopt ArbOS Atlas reflects a significant milestone for the community, particularly in terms of improved transaction pricing.”
“This upgrade underscores our commitment to scaling Ethereum for broader adoption and enhancing the user experience for the native crypto community.”

Steven Goldfeder, CEO & Co-Founder of Offchain Labs
In addition to the reduction in Layer 1 posting fees facilitated by EIP-4844, ArbOS Atlas also brings about decreases in the L2 base fee and L1 surplus fee. Notably, the L1 surplus fee per byte will be reduced from 2 gwei to 0, while the L2 minimum base fee will drop from 0.1 gwei to 0.01 gwei.

See also  LasMeta Partners with Polygon Labs to Revolutionize Virtual Reality Poker Gaming

These fee reductions, coupled with the introduction of Blob-carrying transactions, promise a more cost-effective and efficient transaction environment for users and developers alike.

Altlayer, Caldera, Conduit, and Gelato, key providers of Arbitrum Rollup-as-a-Service (RaaS), have pledged their commitment to upgrading existing Orbit chains to ArbOS Atlas and supporting Ethereum Dencun integration. The move is expected to democratize access to ArbOS Atlas’s benefits and drive adoption across the Arbitrum ecosystem

“ArbOS 20 – ‘Atlas’ promises numerous functional improvements for transactions running on Arbitrum, especially with regards to pricing and cost economics. We believe these are critical if we are to attract widespread adoption of rollups.”

Yaoqi Jia, CEO of AltLayer
Matt Katz, CEO of Caldera, shared his anticipation, stating, “EIP-4844 blobs will make operating a rollup orders of magnitude less expensive, improving the user experience for our customers and their communities. We can’t wait to see the new innovations that cheap, Ethereum-native data availability will enable.”

—

About Offchain Labs

Offchain Labs is a Princeton-founded, venture-backed company dedicated to blockchain research and development. As the original contributors to Arbitrum, Offchain Labs has played a pivotal role in revolutionizing the industry with its leading network scaling solutions. Through products like Prysm, Arbitrum Orbit, Stylus, and Arbitrum Nitro, Offchain Labs continues to drive innovation and enhance usability in the blockchain space, aligning its efforts with the broader Ethereum community’s goals and vision.

Tags: ArbitrumArbOSAtlascostsCuttingDramaticallyLabsOffChainTransactionUnveils

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