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Web3 Technology Infrastructure: Layer 2 Layer 2 Network – An Overview of Orbitrum by CEO Steven Goldfelder

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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 Or

Web3 Technology Infrastructure: Layer 2 Layer 2 Network - An Overview of Orbitrum by CEO Steven Goldfelder

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 Web3 Carnival of Hong Kong 2023 witnessed the introduction of a network that is emerging as a leading player in the second-tier market. In his presentation, Steven Goldfelder, the co-founder and CEO of Orbitrum, introduced the network data, ecology, Orbitrum Nova, and the Arbitrum Orbit. Let’s take a closer look at the development of Orbitrum, its current position in the market, and what the future holds for this network.

I. Introduction

On April 13th, Hong Kong held the “2023 Hong Kong Web3 Carnival,” where Steven Goldfelder introduced Orbitrum, a leading network in the second-tier market. He stated that Orbitrum had seen rapid growth in the past year, with its ecosystem currently holding about $6 billion in Total Value Locked (TVL), capturing 65% of the market share in the second tier.

II. Orbitrum’s Ecosystem

Orbitrum’s ecosystem consists of two main products: Orbitrum Nova and the Arbitrum Orbit. Orbitrum Nova is well-suited for social projects, DApps with high throughput and performance requirements, and games. Steven Goldfelder stated that Orbitrum Nova had seen thriving ecological DApps, with one million ETH locked in the bridge.
The Arbitrum Orbit enables the construction of a blockchain using the security of the technology stack and Ethereum. It has several advantages, such as privacy, security, and high performance. This feature is unique as it empowers the community members to promote the development of Arbitrum.

III. The Future of Orbitrum

Steven Goldfelder’s proposed development of Orbitrum is collaborative. He hopes to work with developers, users, and community members to promote the growth of Arbitrum. The network is currently holding a significant share of the second-tier market and is well-positioned to capitalize on further growth opportunities.

IV. Conclusion

Orbitrum’s introduction at the 2023 Hong Kong Web3 Carnival highlights its potential in the second-tier market. With its ecosystem consisting of Orbitrum Nova and the Arbitrum Orbit, this network is uniquely poised to capture user interest in the social, gaming, and high-performance DApp space. Steven Goldfelder’s collaborative approach for development positions Orbitrum well to leverage growth opportunities.

FAQs

1. What is Orbitrum?
Orbitrum is a network that offers two main products – Orbitrum Nova and Arbitrum Orbit – and positions itself as a leading player in the second-tier market.
2. What is Orbitrum Nova?
Orbitrum Nova is a product that is ideal for social projects, DApps with high throughput and performance requirements, and games.
3. What are the advantages of the Arbtritum Orbit?
The Arbitrum Orbit offers several advantages, including privacy, security, and high performance. It enables the construction of a blockchain with the security of the technology stack and Ethereum, opening up a lot of opportunities for developers, users, and community members.

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