{"id":603726,"date":"2024-04-18T01:00:58","date_gmt":"2024-04-18T01:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=603726"},"modified":"2024-04-17T18:25:23","modified_gmt":"2024-04-17T18:25:23","slug":"arbitrum-launches-fraud-proofs-in-testnet-why-is-arb-down","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/arbitrum-launches-fraud-proofs-in-testnet-why-is-arb-down\/","title":{"rendered":"Arbitrum Launches Fraud Proofs In Testnet: Why Is ARB Down?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Arbitrum, the largest Ethereum layer-2 scaling solution by total value locked (TVL), is taking steps towards decentralization. In an update on April 16, Offchain Labs&#8211;Arbitrum developers&#8211;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/medium.com\/offchainlabs\/arbitrum-bold-testnet-live-the-next-step-in-decentralization-2a6cd39e9bba\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\"> they have deployed the permissionless version of their fraud proofs, dubbed Bounded Liquidity Delay (BOLD), to testnet.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Ethereum Layer-2s Are Popular, But There Is A Big Problem<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Ethereum layer-2 solutions have been gaining prominence over the years. According to L2Beat <a href=\"https:\/\/l2beat.com\/scaling\/summary\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> on April 17, these platforms control over $37 billion of assets. Protocol developers and users can send transactions cheaply through Arbitrum, Optimism, Base, and other alternatives.\u00a0<\/span><\/p>\n<figure id=\"attachment_603729\" aria-describedby=\"caption-attachment-603729\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-603729\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Screenshot142.png?resize=1024%2C672\" alt=\"Top layer-2 platforms by TVL | Source: L2Beat\" width=\"1024\" height=\"672\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Screenshot142.png?w=1087 1087w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Screenshot142.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Screenshot142.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Screenshot142.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Screenshot142.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-603729\" class=\"wp-caption-text\">Top layer-2 platforms by TVL | Source: L2Beat<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">However, while they are popular and command billions in TVL, most of these platforms&#8217; fraud proofs are being developed. Typically, when users transact all chains, all transactions must be confirmed by a web of miners or validators, depending on the consensus mechanism.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/altcoin\/whale-alert-matic-poised-for-epic-surge-time-to-dive-in\/\" target=\"_blank\" rel=\"noopener \">Whale Alert: MATIC Poised For Epic Surge \u2013 Time To Dive In?<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">This differs in layer-2 options, which must reroute transactions and process them off-chain. There is no way of proving whether queued transactions are valid before being batched and confirmed on-chain.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The fraud proofs, such as those presented by Arbitrum and other optimistic rollup solutions, are designed to address a critical issue in layer-2 solutions. Specifically, once live and integrated into Arbitrum, BOLD will serve as a safety net, ensuring the validity of transactions processed off-chain. This mechanism is crucial in maintaining the integrity of transactions while enabling efficient off-chain processing.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In compliance with blockchain principles, BOLD will be decentralized. As such, the community will run nodes, which differs from the current setup. As it is, transaction validation in Arbitrum is centralized, and only a few validators are tasked with this.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Arbitrum Deploys BOLD In Testnet, ARB Prices Falling<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">With BOLD in the testnet, Arbitrum is opening up its rails so that anyone can participate in network security and validate withdrawals back to Ethereum. This move will be critical in building a more decentralized ecosystem and making the platform more robust.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Arbitrum becomes the first Ethereum layer-2 to launch its fraud proofs in testnet. In a post on X, Ryan Watts of Optimism also\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/Fwiz\/status\/38829943\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">notified<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0the community that plans are underway to create a decentralized fraud-proof system for the second-most largest layer-2 by TVL.<\/span><\/p>\n<figure style=\"width: 1787px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/22t0RMr4\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/22t0RMr4\/\" alt=\"ARB prices trending downward on the daily chart | Source: ARBUSDT on Binance, TradingView\" width=\"1787\" height=\"904\"><\/a><figcaption class=\"wp-caption-text\">ARB prices trending downward on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/22t0RMr4\/\" target=\"_blank\" rel=\"noopener nofollow\">ARBUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Even with this major milestone, ARB prices are stable and under pressure. <\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/wncen.com\/crypto\/crypto-dont-buy-altcoins-yet\/\" target=\"_blank\" rel=\"noopener \">Crypto Analyst Says Don\u2019t Buy Altcoins Just Yet \u2013 Here\u2019s Why<\/a><\/p>\n<p><span data-preserver-spaces=\"true\">The token is down 50% from March 2024 highs at spot rates and remains under immense selling pressure. If buyers reverse the April 12 and 13 sell-off, the token might recover strongly, racing towards $1.5.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arbitrum, the largest Ethereum layer-2 scaling solution by total value locked (TVL), is taking steps towards decentralization. In an update on April 16, Offchain Labs&#8211;Arbitrum developers&#8211;said they have deployed the permissionless version of their fraud proofs, dubbed Bounded Liquidity Delay (BOLD), to testnet. Ethereum Layer-2s Are Popular, But There Is A Big Problem Ethereum layer-2 solutions have been gaining prominence over the years. According to L2Beat data on April 17, these platforms control over $37 billion of assets. Protocol developers and users can send transactions cheaply through Arbitrum, Optimism, Base, and other alternatives.\u00a0 However, while they are popular and command billions in TVL, most of these platforms&#8217; fraud proofs are being developed. Typically, when users transact all chains, all transactions must be confirmed by a web of miners or validators, depending on the consensus mechanism.\u00a0 Related Reading: Whale Alert: MATIC Poised For Epic Surge \u2013 Time To Dive In? This differs in layer-2 options, which must reroute transactions and process them off-chain. There is no way of proving whether queued transactions are valid before being batched and confirmed on-chain. The fraud proofs, such as those presented by Arbitrum and other optimistic rollup solutions, are designed to address a critical issue in layer-2 solutions. Specifically, once live and integrated into Arbitrum, BOLD will serve as a safety net, ensuring the validity of transactions processed off-chain. This mechanism is crucial in maintaining the integrity of transactions while enabling efficient off-chain processing. In compliance with blockchain principles, BOLD will be decentralized. As such, the community will run nodes, which differs from the current setup. As it is, transaction validation in Arbitrum is centralized, and only a few validators are tasked with this. Arbitrum Deploys BOLD In Testnet, ARB Prices Falling With BOLD in the testnet, Arbitrum is opening up its rails so that anyone can participate in network security and validate withdrawals back to Ethereum. This move will be critical in building a more decentralized ecosystem and making the platform more robust. Arbitrum becomes the first Ethereum layer-2 to launch its fraud proofs in testnet. In a post on X, Ryan Watts of Optimism also\u00a0notified\u00a0the community that plans are underway to create a decentralized fraud-proof system for the second-most largest layer-2 by TVL. Even with this major milestone, ARB prices are stable and under pressure. Related Reading: Crypto Analyst Says Don\u2019t Buy Altcoins Just Yet \u2013 Here\u2019s Why The token is down 50% from March 2024 highs at spot rates and remains under immense selling pressure. If buyers reverse the April 12 and 13 sell-off, the token might recover strongly, racing towards $1.5. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":543541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84309,87903,1946,92108,89829,11738],"class_list":["post-603726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-arbitrum","tag-base","tag-ethereum","tag-fraud-proofs","tag-layer-2s","tag-optimism"],"acf":[],"yoast_head":"\n<title>Arbitrum Launches Fraud Proofs In Testnet: Why Is ARB Down?<\/title>\n<meta name=\"description\" content=\"Arbitrum is taking steps towards decentralization. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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