/biz/ - Business & Finance

> Arbitrum in testnet for ages
> can't launch because Princeton still owned patent that Offchain labs licensed
> usage of network would incur fees payable to princeton
> convince princeton to drop patent in name of progress
> no longer liable to pay license fees as underlying tech is used
> makes sense to now launch mainnet
stap in boys, its happening TONIGHT

I work at offchain labs. Next week is gonna be the launch. Congratulations to all the linkers who have been holding on for so long. We are done with the tests and audits. Trips and I'll reveal the exact day Arbitrum will finally launch.

It has taken forever. It is late. But when Uniswap can say, hey, we also have transactions that are about as cheap as BSC and the projects are the real thing like you're used to..

I see this and Arbitrum mentioned more and more. But will it actually have an impact or not?

If arbitrum doesn’t get released real soon, like in Q1, it’s all over for chainlink.

Wasn’t it..

Discuss.
You know what this means right?

>>21991900
if only there was a solution that's working with Chainlink

oh I wonder....

honestly everything we talked about in 2018 has becoming real, kinda surreal to see.

>>21290975
Arbitrum

I don't get it, this solves scaling issues of all chains, why hasn't any major crypto news outlet picked up on this yet?

No one is talking about this?

From what I understand, this is both equivalent to town crier and treshold signatures. Allowing massive scalability with complex off chain computation while simultaneously solving the expensive gas problem, by only signing with the aggregated result once on chain. It's such an elegant yet brilliant way to solve two of the biggest issues. I can see why eth devs would feel shadowed by this, however. It makes eth a small part of Chainlink, rather than the opposite.

I have a few questions.

How is the off chain computation probably secure, without the use of something like SGX enclave? What's really under the hood, in the most brainlet of terms, to guarantee results can't be tampered with?

Is it live right now already? Will the team start implementing it asap to reduce gas costs for the heartbeats? Or will this remain vaporware tech like town crier? Is it only in theoretical stage or practical already?

From what I understand the way they designed their protocol, since it wasn't a token funding model, is node agnostic core tech and other projects could plug as nodes as well. It's wonderful and revealing that they chose link as their first de facto node network but this could change with time. This also isn't tech owned by chainlink, unless they aquire it like TC. It's more like deco, which I know witnet is also working to adapt in their protocol. I know, they're nowhere near the momentum of link but long term it's still something to take into account.

Does it make threshold signatures redundant or is it more of a temporary band-aid until chainlink has finished developing its own solution? How do these two features compare to each other?

Most impressively, they seemingly solved the scalibility issue in no hype discretion, while all the scaling layer token projects are like 2 years behind. If this truly solved both affordability and scalibility issues, main obstacles for enterprise use, how long until serious adoption kicks in?

https://medium.com/@EdFelten/scalable-low-cost-computation-of-ethereum-smart-contracts-using-arbitrum-on-the-chainlink-8985c6542d4e

https://twitter.com/chainlink/status/1228462083328618496

>Offchain Labs
>Ed Felten is the Robert E. Kahn Professor of Computer Science at Princeton University. He formerly served in the White House as Deputy United States Chief Technology Officer. He is a member of the National Academy of Engineering, and co-author of the leading textbook on cryptocurrencies.