The Ethereum layer-2 scaling solution Arbitrum will undergo a massive upgrade, known as the “Nitro” upgrade on August 31.
This upgrade will increase transaction throughput, slash transaction fees and simplify cross-chain communication between Arbitrum and Ethereum.
Arbitrum reconfirmed the news of this upgrade by tweeting that “there will be 2-4 hours of planned network downtime” on August 31, starting at 10:30 AM ET, which is when Arbitrum One will upgrade to Nitro.
Arbitrum One is a scaling solution utilizing Optimistic Rollup technology and was developed by the blockchain-based company, Offchain Labs.
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The GitHub account of Offchain Labs notes that Nitro will represent a “fully integrated, complete layer 2 optimistic rollup system”. Arbitrum One will feature improved fraud proofs, along with updated sequencers, token bridges, and calldata compression mechanisms after the upgrade.
Offchain Labs has previously said that “Nitro will massively increase network capacity and reduce transaction costs.”
The firm has also said that the migration of the current stack to the Nitro stack will be seamless, thus providing users ‘an uninterrupted experience’.
