Offchain Labs’ ArbOS 20 Atlas lowers Arbitrum transaction costs

Offchain Labs’ ArbOS 20 Atlas lowers Arbitrum transaction costs

Offchain Labs has introduced ArbOS 20, which has been given the codename ‘Atlas.’ ArbOS Atlas will significantly decrease the transaction fees associated with Ethereum Layer 2, which is one of the most significant outcomes.

The revolutionary ArbOS 20 Atlas is all set to bring innovative changes to the blockchain ecosystem by reducing transaction costs on Arbitrum and aiming to develop the user experience.

With the release of ArbOS 20, a new Arbitrum ecosystem will provide a supporting source for Ethereum following the Dencun upgrade. As a result, the Layer 2 blockchain has become more cost-effective since it stores data in “blobs (Binary Large Objects)” rather than expensive call data. 

ArbOS incorporates EVM+ and Stylus, which authorize developers for application and use case execution, which was previously discovered to be problematic on Arbitrum since it frequently generates more transactions on DeFi, Gaming, and SocialFi.

Using Blobs in Arbitrum chains opens up a new field of transaction economics by making data storage more economically transitory. Large amounts of data can be stored in regular transactions. Blobs typically store data off-chain and make it unreachable after three weeks, as opposed to standard call data, which is stored forever in the database.

Also, with the addition of EIP-6780 support in Atlas, the Ethereum Virtual Machine (EVM) and Arbitrum are now on the same page in terms of security, and improvements to EVM in the future will be easier to implement. When it came to the L1 side, Prysm was the pioneer in releasing an EIP-4844 draft.  

This allowed tests with actual network data and provided crucial answers regarding blob data on preexisting gossip networks. They worked on all devnet and testnet forks, resulting in a more secure overall design. 

ArbOS Atlas was created through collaboration between the Prysm client and Arbitrum Nitro teams. Consensus layer implementations play an important role in the specification process, evaluating the feasibility of solutions made by Ethereum researchers and client teams alike.

Offchain Labs’ CEO and Co-Founder, Steven Goldfeder, expressed his view while describing the benefits of ArbOS Atlas, stating that this specific upgrade is in complete harmony with their objective of further enhancing the usability of Ethereum for the general public and the native cryptocurrency community.

ArbOS Atlas cuts the L2 base fees and L1 surplus fees per byte from 0.1 gwei to 0.01 gwei and 2 gwei to 0, respectively. This charge structure reduction is considered cost-effective for developers and users. ArbOS 20 – Atlas promises functional improvements for Arbitrum transactions and can be upgraded with additional rollups. Ethereum native data availability improves customer and community user experiences, enabling cheaper roll-up orders.

Offchain Labs is an innovative Ethereum scaling solution provider. The organization’s goal is to create products that enable developers, businesses, and individuals to leverage the inherent capabilities of Ethereum technology and further revolutionize the current industry. 

By offering a diverse range of products, including Stylus, Arbitrum, and Prysm, this organization consistently introduces novel concepts and improves the functionality of the blockchain ecosystem.

Published at Fri, 15 Mar 2024 18:45:37 +0100

Previous ArticleNext Article

Leave a Reply

Your email address will not be published.