#Web3 Technology Infrastructure: Understanding Layer 2 Network with Orbitrum

On April 13th, in the main venue of the “2023 Hong Kong Web3 Carnival” titled “Web3 Technology Infrastructure: Layer 2 Layer 2 Network”, Steven Goldfelder, co-founder and CEO of Orbitrum, introduced its network data, ecology, Orbitrum Nova, and Orbitrum. Steven Goldfelder stated that in the past year, the development of Arbitrum has been very rapid. Currently, the Arbitrum ecosystem has about $6 billion in TVL, accounting for 65% of the market share in the second tier. Currently, 1 million ETHs are locked in the bridge, and the ecological DApp is also thriving. Arbitrum Nova is more suitable for games, social projects, and some DApps with high throughput and performance requirements. The Arbitrum Orbit allows for the construction of its own blockchain using the security of the technology stack and Ethereum, with advantages such as privacy, security, and high performance. I hope to work with developers, users, and community members to promote the development of Arbitrum.

Arbitrum Co founder and CEO: Currently, Arbitrum holds approximately 65% of the L2 market share

The world of blockchain technology has been abuzz with the latest developments in the industry. On April 13th, Steven Goldfelder, co-founder and CEO of Orbitrum, spoke at the “2023 Hong Kong Web3 Carnival” on the topic “Web3 Technology Infrastructure: Layer 2 Layer 2 Network.” In his speech, he presented the network data, ecology, Orbitrum Nova, and Orbitrum, highlighting the importance of understanding these concepts in the context of the blockchain industry.
##Understanding Orbitrum and the Blockchain Ecosystem
Steven Goldfelder shared that the development of Arbitrum has been robust over the past year. The Arbitrum ecosystem currently has about $6 billion in total value locked (TVL), which is a significant achievement since they hold 65% of the market share in the second tier. This follows a surge in the usage of blockchain technology, where 1 million ETHs are locked in the bridge, which demonstrates the ecosystem’s vitality. At the same time, through its ecological DApp, the Arbitrum network continues to grow, with positive opportunities for new projects on this network.

Introduction to Orbitrum Nova

Steven Goldfelder then introduced Orbitrum Nova, a new offering from the ecosystem that is more suitable for games, social projects, and some DApps with high throughput and performance requirements. The key advantage of Orbitrum Nova is that it is fast, secure, and affordable, using the latest state-of-the-art technology infrastructure to offer enhanced efficiency.

Introduction to the Orbitrum Orbit

In addition to this, Orbitrum Orbit is a unique feature of the ecosystem that allows developers to create their blockchains using the security of the Ethereum technology stack, which comes with privacy, security, and high performance benefits. The Orbitrum Orbit has opened new doors of innovation by providing greater scalability and speed in the blockchain ecosystem, enabling more efficient sharing of data at a lower cost.

Collaborating with Developers, Users, and the Community to Promote the Development of Arbitrum

Steven Goldfelder concluded his speech by extending an invitation to developers, users, and community members to collaborate with Orbitrum to promote the development of the ecosystem. The development of blockchain technology relies on collective efforts, and Orbitrum is committed to promoting the cause of decentralization by providing cutting-edge blockchain infrastructure.

Conclusion

In conclusion, Orbitrum is one of the leading players in the blockchain industry and a significant contributor to the growth of the ecosystem. Through Orbitrum Nova and Orbitrum Orbit, the ecosystem offers unique technology solutions that increase scalability, security, and speed. We look forward to further developments in this ecosystem that can contribute to the growth of blockchain technology.

FAQs

1. What is Orbitrum?
Orbitrum is a blockchain ecosystem that provides cutting-edge infrastructure for developers, users, and the community to promote the development of decentralized technology.
2. What is Orbitrum Nova?
Orbitrum Nova is a new offering from the ecosystem that is more suitable for games, social projects, and DApps with high performance requirements.
3. What is Orbitrum Orbit?
Orbitrum Orbit is a unique feature of the ecosystem that allows developers to create their blockchains using the security of Ethereum technology stack with additional benefits like privacy, security, and high performance.