Reddit to Use Arbitrum as a Scalling Solution for its Reward Points Distribution

avatar

image.png(Source)

Evening

Social media platform, Reddit announced today that it would be using Arbitrum to handle the platform's Ethereum-based community points system. As per Reddit's administrator announced that the platform has launched its own layer 2 scaling solution based on Arbitrum to handle the distribution of reward points, Before shifting to Ethereum main net the scaling solution will be tested on Rinkeby test net.

red.png

Reddit users can earn community points(ERC-20) by posting quality contents in certain subreddit, e.g. Moon tokens in r/Cryptocurrency and Bricks in r/FortNiteBR subreddit. As per Reddit deployment of Arbitrum will help in faster and cheaper transaction of platform's tokens.
Arbitrum is a Layer 2 solution that makes smart contracts scalable, fast, and private. It offers scalability, privacy and the AnyTrust Guarantee of correct execution. And the best part is interoperability with Ethereum.
Arbitrum was chosen from 21 shortlisted entrants like Solana, Polygon and StarkWare etc. Reddit cited choosing Arbitrum because of decentralized, developers friendly and having a broad ecosystem.
Standing out among the likes of Solana and Polygon and being selected as the scaling solution is yet another achievement for Arbitrum. Ever since its launch for developers in May, Arbitrum has already being adopted/considered by projects like Uniswap, Chainlink and Etherscan.

image.png

158817836372645504 45.png

Posted Using LeoFinance Beta



0
0
0.000
2 comments
avatar

Congratulations @xabi! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 160000 upvotes.
Your next target is to reach 170000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

0
0
0.000