Ethereum L2 “Arbitrum” decentralizes operations to implement its own token distribution

Airdrop

Crypto asset (virtual currency) Ethereum (ETH) L2 “Arbitrum” announced on the 16th that it will issue its own token “ARB” and start operation by DAO (Decentralized Autonomous Organization).

Regarding the ARB token, we also announced plans for airdrops (distribution to users). Users of both the “Arbitrum One” and “Arbitrum Nova” networks are eligible for the airdrop, but we have introduced a point system and set detailed conditions. Arbitrum will issue its own token and promote the decentralization of operations.

Today The Arbitrum Foundation is extremely excited to announce the launch of DAO governance for the Arbitrum One and Arbitrum Nova networks, alongside the launch of $ARBhttps://t.co/TB3wG0QK0v

— Arbitrum (, ) (@arbitrum) March 16, 2023

connection: What is “Rollup”, a solution to the scaling problem | Detailed explanation of the mechanism and points to note

The name of the DAO is “Arbitrum DAO”, and decentralized governance is introduced in Arbitrum One and Arbitrum Nova. It will utilize ARB tokens to promote decentralization of the network, and the voting power of operation can also be delegated.

The Arbitrum DAO will be empowered to make key decisions such as “how network upgrades are done” and “how blockchain revenue is used”.

Airdrop claim procedure and airdrop start date is next week 23rd. It explained that the snapshot to confirm the target audience was taken on February 6th of this year. You can check whether you are eligible for the airdrop on the Arbitrum Foundation website.

The Arbitrum team said the airdrop claim will start next week on the 23rd, emphasizing that it hasn’t started yet. We urge you not to fall victim to fraud.

New solution announced

Also announced today is the launch of a new solution, Arbitrum Orbit. Arbitrum Orbit is a solution for developers, leveraging Arbitrum technology to create their own L3 blockchain.

Arbitrum Orbit is compatible with the upcoming “Arbitrum Stylus”. Arbitrum Stylus is a programming environment that makes it possible to use development languages ​​such as “C”, “C++”, and “Rust” in addition to the Ethereum development language to build chains.

By supporting the Arbitrum Stylus, more languages ​​will be available, and Arbitrum Orbit will be able to attract new developers.

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