Arbitrum Foundation’s proposal to deploy Orbit chains beyond Ethereum opens for initial vote | Headlines | News | CoinMarketCap

07/26/2024 14:37
Arbitrum Foundation’s proposal to deploy Orbit chains beyond Ethereum opens for initial vote | Headlines | News | CoinMarketCap

Arbitrum DAO, the governance body overseeing the Arbitrum Layer 2 network, is currently holding a vote on whether to extend its Orbit chains to …

Arbitrum DAO, the governance body overseeing the Arbitrum Layer 2 network, is currently holding a vote on whether to extend its Orbit chains to networks beyond Ethereum.

The proposal made by the Arbitrum Foundation is undergoing an initial "temperature check" vote on Snapshot and will conclude on August 1, 2024.

The foundation proposed growing its Arbitrum expansion program, previously limited to blockchains deriving security from Ethereum — typically Layer 2 blockchains.

The existing program permits entities to fork the Arbitrum codebase and launch EVM-compatible Orbit Chains. These are customizable blockchains developed using Arbitrum’s software stack. Developers can tailor the chain to specific needs, choosing elements like transaction throughput, gas token, governance, and more. …

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