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

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  • Guides
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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

  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    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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    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

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    Volume Plunges While Transactions Soar

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    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

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    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

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    Boxed Memecoins as Collectible Toys

    Hype fades as NFT platforms lose users

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    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

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    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

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    Taking Back Identity: How MocaChain Decentralizes Digital Power

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

    R-Games and LoveBit Unite to Power ESG-Driven Web3 Gaming

    R-Games and LoveBit Unite to Power ESG-Driven Web3 Gaming

    Elon Musk’s xAI Launches Waifu Companions for Grok

    Elon Musk’s xAI Launches Waifu Companions for Grok

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    Web3 Meets the Stadium: The Rise of Competitive Ownership

    Can Snoop Dogg’s Telegram Drop Revive a Slumping NFT Market?

    Can Snoop Dogg’s Telegram Drop Revive a Slumping NFT Market?

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

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    Why Are So Many Crypto Games Shutting Down? Experts Weigh In

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    What Is Copy Trading in Crypto? A Beginner’s Guide

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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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  Cronos and Revolut Partner to Launch In-App Crypto Education Course

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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November 2, 2023
‘Stake Solana with native teams,’ exec suggests – Here’s why

‘Stake Solana with native teams,’ exec suggests – Here’s why

April 16, 2024
Buyers show up, but spending is down

Buyers show up, but spending is down

April 6, 2025
Revolutionizing Liquidity with Innovative Tech

Revolutionizing Liquidity with Innovative Tech

December 27, 2023

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