Offchain Labs launches ArbOS 20 Atlas, significantly reducing transaction costs for Arbitrum – cryptonews.com

By Crypto Gloom On Mar 15, 2024

ArbOS Atlas is prepared to support Arbitrum chains. Ethereum Dencun updates in real time Ethereum Mainnet is poised to improve workflows for both developers and users.

New York, March 14, 2024 /PRNewswire/ — Offchain Labs, original contributor to Arbitrum, a market-leading layer 2 (L2) scaling solution. EthereumToday we announced the release of ArbOS 20. The operating system update, called “Atlas,” marks a significant leap forward for the Arbitrum ecosystem. Ethereum Dencun supports all Arbitrum chains, drastically improving costs and paving the way for new use cases. Combined with Stylus and EVM+, applications and use cases previously considered unreleaseable on Arbitrum are now available. Especially games, SocialFi or DeFi exchange.

The most notable impacts of ArbOS Atlas will be the following significant changes: Ethereum L2 transaction costs. Atlas provides the ability to publish user transactions to a new type of transaction in the form of a blob on the Arbitrum chain, reducing the cost of those transactions, introduces new storage opcodes for cheaper temporary data, and adds cheaper memory copies. We also add support for EIP-6780, aligning Arbitrum with the security posture of EVMs and laying the foundation for future EVM improvements.

“We are very pleased to see that Arbitrum DAO has decided to upgrade to ArbOS Atlas, which will bring significant benefits to the community in terms of improved transaction pricing,” he said. Stephen GoldfeatherCEO and Co-Founder of Offchain Labs. “This particular upgrade aligns closely with our mission of continued expansion. Ethereum To make it easier for the public and indigenous people to use cryptocurrency Community.”

In addition to the reduction in L1 posting fees through EIP-4844, the L2 base fee and L1 surplus fee have also been reduced through ArbOS Atlas. The L1 surplus fee per byte is reduced from 2gwei to 0, and the L2 minimum base fee is reduced from 0.1gwei to .01gwei. Users and developers do not need to take any action to take advantage of the aforementioned changes. EIP-4844 Reduction of related data publishing costs is enabled. March 14thAdditional fee reductions remain in effect until the following dates: March 18.

Arbitrum RaaS providers Altlayer, Caldera, Conduit and Gelato will upgrade their existing Orbit chains to ArbOS Atlas at launch. Ethereum Dencoon support. The Group is pleased to support the transition to Atlas and ensure that all parties benefit from the implementation if they choose to do so.

Arbitrum’s applications do not need to be modified or take any explicit action to benefit from using EIP-4844. Ethereum A Dencun upgrade that introduces blob-forwarded transactions to make L2 transactions cheaper on the network. In addition to applying to the DAO management chain, ArbOS Atlas can be deployed across the Orbit chain independently of the Arbitrum DAO management process. Orbit L2 rollup chains enjoy the cost benefits of EIP-4844, while all Orbit chains can be upgraded to take advantage of other features of ArbOS Atlas. The ability of a self-managed Orbit L2 chain to deploy ArbOS Atlas whenever it is technically ready is Decision Extension.

partner quotes

“ArbOS 20 – ‘Atlas’ promises numerous functional improvements to transactions running on Arbitrum, especially with regard to pricing and cost economics. We believe this is important to drive widespread adoption of rollups. AltLayer is proud to support Atlas and extend its benefits to RaaS/Rollup users who will save significant gas costs when deploying L2 or L3 chains on Orbit.” – Jia YaoqiAltair CEO

“With the Dencun upgrade and the implementation of EIP-4844 Blob transactions in ArbOS 20, Atlas stands out as one of the most anticipated upgrades to the Arbitrum Orbit chain. The Atlas upgrade promises further savings in transaction fees along with improved scalability, throughput, and staking experience for Orbit rollups. Gelato Roll-up-as-a-Service We are excited to introduce this upgrade to Arbitrum Orbit customers, enhancing the user experience with the latest cutting-edge features. Ethereum technology.” – Louis SchliskeGelato founder

“We are excited to upgrade Caldera’s Orbit chain to Atlas, giving users access to: Ethereum blobspace as a data availability layer. EIP-4844 Blobs improve the user experience for our customers and communities by making rollups much cheaper to operate. We want to see new, affordable innovations. Ethereum-Basic data availability becomes possible.” – Matt KatzCaldera CEO

Introduction to Offchain Lab

Offchain Labs is a venture-backed company. Princeton– This is a company that has been dedicated to blockchain research and development for more than 5 years. As an original contributor to Arbitrum, Offchain Labs has played a key role in revolutionizing the industry with this leading network scaling solution. The team continues to build on this foundation by innovating and enhancing products such as Prysm, Arbitrum Orbit, Stylus, and Arbitrum Nitro. in October 2022Offchain Labs has acquired Prysmatic Labs, a leading consensus client. EthereumFurther strengthening the linkage of Offchain Labs. Ethereum.

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