Arbitrum Orbit taps into Celestia to revolutionize blockchain data
The post Arbitrum Orbit taps into Celestia to revolutionize blockchain data appeared on BitcoinEthereumNews.com.
The blockchain landscape is witnessing a transformative change as Arbitrum Orbit incorporates Celestia, aiming to redefine the realm of blockchain data management. Arbitrum, celebrated as a vital Ethereum scaling solution, has burgeoned into one of the titanic chains gauged by total value locked (TVL), boasting a hefty $1.82 billion TVL and supporting approximately 470 dapps on its robust network. Arbitrum Orbit stands as a pivotal tool, empowering users to concoct layer-3 blockchains that find their resolution on either of Arbitrum’s layer-2 chains: Arbitrum One or Arbitrum Nova. With the integration of Celestia, a modular data availability layer, into Arbitrum’s Nitro stack, an expansive avenue opens up for projects built using Arbitrum Orbit, offering them the added flexibility to disseminate data onto Celestia. This partnership eliminates the necessity for developers to establish their own data availability committee (DAC) or to place their trust in a small consortium of validators for temporary data storage. With Celestia’s design focusing on modularity, integration into the Nitro stack and fraud proofs becomes seamless from the get-go. The platform stands out, offering cryptoeconomic security and scaling efficiently with data availability sampling (DAS), a novel approach that ensures secure scaling proportional to user growth. Unraveling Ethereum Rollups: A Deep Dive A recurring inquiry within the Ethereum scaling community is the nature and function of Ethereum rollups. At their core, Ethereum rollups are ingenious scaling strategies aiming to enhance Ethereum’s speed and cost-efficiency. These solutions execute transactions externally from the layer-1 blockchain, subsequently posting the data back onto the mainnet. This prompts a critical query: Can a rollup solution still be deemed a scaling solution for the network if it doesn’t post its data back onto the layer-1 blockchain? The entrance of Celestia into this equation isn’t just a mere coincidence. It shares its roots with the Ethereum…
Filed under: News - @ October 26, 2023 3:18 am