3 minutes to read why Arbitrum is so hot

The vote to deploy Uniswap V3 to Arbitrum, the Ethernet Layer 2 network, has received overwhelming support, and Arbitrum will open its mainnet to developers tomorrow, May 28, so while the iron is hot, I’m learning a little bit about Arbitrum.

minutes

The three popular scaling solutions in the ethereum community are Optimistic Arbitrum and Matic, and Arbitrum is a relatively balanced solution in terms of orthodoxy/community ecology/compatibility.

In terms of orthodoxy, Optimistic is Uniswap’s chosen expansion solution, after all, it has the support of Paradigm and A16Z, the two golden fathers. The fat water does not flow outside the field, of course, their own project to use their own program. Matic, on the other hand, is the route of rural encirclement, from a technical point of view, Matic is not really Layer2, but only a side chain, but with its brutal growth power, through the incentive of tokens and excellent performance in the secondary market, Matic has made a powerful version of the ecology. It was originally an academic project at Princeton University, but decided to abandon the patent after considering that the project had entered the maturity stage of the community.

In terms of community ecology, Matic’s strong community attributes are well-deserved, as Matic basically partners with all projects, whether first-tier or second- or third-tier, to migrate them to Matic’s second-tier network. If you make a map of Matic’s ecological cooperation projects, at first glance it looks quite bluff, because the number of cooperation projects is too huge, as if an ecological empire. But after a closer look, the only one that can play is AAVE, which contributes most of the second tier lock-in volume to Matic. In contrast, Optimistic has high requirements for collaborative projects, with headline projects and orthodoxy being two characteristics, specifically Uniswap and Synthetic.

Arbitrum, on the other hand, is a combination of both. Arbitrum is not as demanding as Optimistic in terms of orthodoxy, and is therefore able to accommodate a wider range of projects. /Connext (Layer 2 Fast Withdrawal), and the latest Uniswap.

Two projects worth mentioning are Chainlink and MCDEX.

MCDEX, as the first officially recognized project to officially migrate to Arbitrum, has been supporting Arbitrum since last year Q3. choosing them as partners, presenting their business needs to them, helping them connect to resources, and actively introducing Arbitrum to project parties. both MCDEX and DODO, as the two head DeFi projects in China, will be the first to support Arbitrum.

Chainlink and Arbitrum also have a good relationship, and foreign LINK vloggers such as Chainlinkgod are pushing Arbitrum, firstly, Chainlink and Arbitrum have reached a cooperation, and Arbitrum will use Chainlink’s language machine, and secondly, Arbitrum’s Logo and LINK is very similar, which has become a meme point.

On compatibility, Arbitrum is fully compatible with EVM, and on the technical side, it follows directly from Mr. Mindao’s point of view.

“Optimistic is not 100% compatible with EVM is a major strategic miscalculation, not to mention the market launch time delay, these people do not understand, 99.9% compatible and 100% incompatible is actually the same thing, from this point of view, BSC, Polygon and Arbitrum think very clear. If you are in the public chain, you have to go deep into the front line, one strategic mistake will be a total loss”

And the view of a friend in the MCDEX community.

“Arbitrum’s architecture is more reliable than Optimistic, especially in the case of EVM itself, Optimistic does not have much advantage in Container architecture, it is better to separate a layer in the middle of Arbitrum and make a virtual machine to simulate EVM.

From the above point of view, we can see that EVM compatibility plays a very critical role in whether the two-tier solution can be widely adopted and thus form an ecology.

Nowadays, we often mention the word Legitemacy, and Vitalik wrote a special article not long ago, saying that the scarcest resource in the blockchain industry is Legitemacy, which is called orthodoxy and legitimacy. But one of my myths is that having orthodoxy and legitimacy is really invincible and can be done once and for all. Does a project with strong orthodoxy necessarily win. Obviously in this emerging early stage industry of blockchain, having orthodoxy doesn’t mean having everything. Projects that are not so orthodox can still be a dark horse by virtue of their strong community power.

But we can’t deny that as the blockchain industry matures, projects are indeed competing with each other for pedigree. Players who have accumulated original capital will slowly shift from an aggressive and risky style to slowly seek investment opportunities in orthodox projects. The orthodoxy will give people a sense of security and safety, with the backing of large institutions, strong technical teams, and strong financial support, which means a higher probability of getting a good return on investment.

This article is not to praise Arbitrum and depreciate Optimistic, as it is the most promising solution for the expansion of the ethereum ecosystem, it is natural that a hundred flowers will bloom. Maybe there is no best solution at all, the key is to see if the ecology can be done up. Let Uniswap run on the second layer first.

Anyway, I am very optimistic and look forward to Optimistic and Arbitrum.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/3-minutes-to-read-why-arbitrum-is-so-hot/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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