Arbitrum's new proposal: allow any blockchain other than Ethereum to deploy the Orbit chain

This site (120bTC.coM): The Ethereum Layer 2 Network Arbitrum Foundation issued an official announcement late yesterday (18th) stating that they plan to propose a new proposal to the community. The purpose is to discuss whether the restrictions of Arbitrum's expansion plan should be modified to allow the Orbit chain to be deployed on any blockchain outside the Ethereum ecosystem, including Bitcoin, BNB Chain, Cosmos... and other networks.

Arbitrum Proposal Content

The Arbitrum Foundation’s previous expansion plan had a restriction that all deployed Arbitrum Orbit chains must be blockchains that obtain security from Ethereum, such as optimistic rollups, zk-rollups, etc.

However, due to recent requests from projects based on the Bitcoin network, BNB Chain, Cosmos Ecosystem, etc., these projects hope to deploy the Orbit chain on networks other than Ethereum, so the Arbitrum Foundation has requested Arbitrum DAO Issue a proposal and vote on whether it will be allowed to pass.

In addition, the Arbitrum Foundation added that if the proposal is passed by the community, it will charge 10% of the profits for all newly deployed Orbit chains on other networks, and will use this fund as 8% and 2 % proportion, allocated to Arbitrum DAO and Arbitrum Developers Association.

Finally, the Arbitrum Foundation stated that it plans to conduct three conference calls to discuss the proposal, with the specific time being:

• April 22, 2024 → 10:00 World Standard Time

• April 26, 2024→16:00 UTC

• April 30, 2024→20:00 UTC Standard Time

#What is Orbit?

Arbitrum Orbit is a product developed by Offchain Labs, the core team of Arbitrum. It is a Layer 3 development framework for developers that allows developers to simply create private chains and set their own privacy, permissions, Gas fees, Native tokens, governance and other network rules, while enjoying the network security of Ethereum.

Arbitrum Orbit is suitable for existing ecological networks such as Arbitrum One, Arbitrum Nova, and Arbitrum test network. Developers are also free to choose other suitable networks and benefit from The network's original security and infrastructure such as Stylus SDK also allow developers to set their own network rules. In a nutshell: Arbitrum Orbit’s goal is to allow developers to build “Arbitrum’s Layer 2”, which is also Layer 3.

There are currently many projects using Arbitrum Orbit to build networks, including XAI, Mwliora...etc.

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