1. BITBILIHome
  2. Article

Offchain Labs launches Arbitrum Stylus to expand smart contract development on Ethereum’s Layer 2 network

• 32 views

TL;DR Breakdown

  • Offchain Labs has introduced Arbitrum Stylus, a tool that expands the range of programming languages available for smart contract development on Ethereum’s Layer 2, including languages like Rust, C, and C++.
  • The tool promises interoperability between different coding languages and significant cost reductions in computational tasks, enabled through a dual virtual machine setup.
  • The code and testnet for Arbitrum Stylus are publicly available, and Offchain Labs is actively seeking community feedback for future developments, including the possibility of adding more programming languages to further reduce fees.

Description

Offchain Labs has launched Arbitrum Stylus, a novel tool designed to expand the programming languages available for smart contract development on Ethereum‘s Layer 2 network. This initiative aims to democratize access to Ethereum-compatible smart contract development by supporting languages that can be converted to WebAssembly (WASM), such as Rust, C, and C++. Before the advent … Read more

Offchain Labs has launched Arbitrum Stylus, a novel tool designed to expand the programming languages available for smart contract development on Ethereum‘s Layer 2 network. This initiative aims to democratize access to Ethereum-compatible smart contract development by supporting languages that can be converted to WebAssembly (WASM), such as Rust, C, and C++.

Before the advent of Arbitrum Stylus, the primary language for Ethereum smart contracts was Solidity. The tool’s introduction marks a significant shift, allowing developers to write smart contracts in languages they are already familiar with. According to Offchain Labs, this could potentially bring over 3 million Rust and C developers into the Ethereum smart contract ecosystem, which has largely been dominated by approximately 20,000 Solidity developers.

Steven Goldfeder, CEO and co-founder of Offchain Labs, emphasized the importance of building an inclusive developer community. “Growing and building the most inclusive developer community is incredibly important to us,” Goldfeder stated. He further noted that the wider language support and improved efficiency of Stylus could benefit projects in areas like social media or gaming that require high computational power.

Rachel Bousfield, tech lead at Offchain Labs, elaborated on the utility of Arbitrum Stylus. She indicated that the tool would significantly reduce friction for companies looking to bring their applications to the blockchain. For instance, a video game company that has already invested in C++ talent would find it easier to transition to blockchain technology.

Interoperability and cost efficiency

One of the most compelling features of Arbitrum Stylus is its interoperability. Different coding languages can work in tandem, allowing for a seamless development experience. For example, a developer programming in Rust can import a Solidity interface and vice versa. This feature is enabled through Arbitrum Nitro, a significant tech stack upgrade to Arbitrum One that occurred in 2022.

Moreover, Stylus promises to cut costs dramatically. According to Bousfield, Stylus could reduce computational costs by 10 to 100 times, depending on the task. This is achieved through the use of two virtual machines: one unmodified Ethereum Virtual Machine for Solidity contracts and a separate WASM virtual machine for other languages.

Community feedback and future developments

Offchain Labs has made the code and testnet for Arbitrum Stylus publicly available and is actively seeking community feedback. The team is also considering adding more programming languages to Stylus to further reduce fees. A date for a vote on whether the Arbitrum DAO will adopt Stylus has not been set, but indications suggest that the plan is to gather testnet feedback before submitting a proposal.

In summary, the introduction of Arbitrum Stylus by Offchain Labs marks a pivotal moment in the Ethereum Layer 2 ecosystem. By broadening language support and offering cost-efficient solutions, Stylus has the potential to attract a diverse range of developers and projects, thereby enriching the blockchain landscape. With the tool’s testnet already launched and community feedback being actively sought, the next steps for Arbitrum Stylus could set new standards in smart contract development.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Offchain Labs launches Arbitrum Stylus to expand smart contract development on Ethereum’s Layer 2 network

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月1日 01:24
Next 2023年9月1日 03:34

Related articles

  • Unraveling America’s economic policy: Why it truly matters

    TL;DR Breakdown The U.S. economic policy often shifts, reflecting its complex financial landscape. Current economic policies mirror the nation’s divided society and polarized politics. Recent shifts towards protectionism raise concerns about a possible recession. In the realm of global finance, the economy of the United States of America is analogous to a chameleon—constantly shifting, adapting, and leading the world on an economic dance that’s sometimes hard to follow. At one moment, the narrative centers on the Federal Reserve and the banking industry, at another, the dialogue shifts towards industrial policy and international relations, most notably with China. This constant metamorphosis of economic focus is the result of the intricate and often conflicting components that shape the financial landscape of America. The fragmented triad: Monetary, industrial, and fiscal policy in America One could consider the economic policy of the United States a triptych, composed of monetary, industrial, and fiscal policies. However, these aren’t harmonious pieces of a grand design. They often diverge in their objectives and mechanisms, functioning within different paradigms and frequently contradicting one another. The Federal Reserve hones in…

    Article 2023年6月8日

  • Expert cautions against US dollar disruption – Why?

    TL;DR Breakdown Nobel laureate Paul Krugman warns of financial disruption not from the rise of another global currency but from a lack of a currency capable of fulfilling the role of the U.S. dollar. Krugman believes the currency’s dominance is not in imminent danger and he dismisses the possibility of the Chinese yuan as a viable rival. Renowned economist and Nobel laureate, Paul Krugman, has sparked a fascinating discourse concerning the role of the U.S. dollar in the global economic landscape. His insights prompt us to examine the possibility of an impending disruption that could reverberate through the international financial markets, not as a result of the rise of an alternative currency, but rather the lack thereof. Krugman, acclaimed for his unparalleled understanding of trade patterns and the spatial organization of economic activities, recently expressed his concerns about the potential fallout from a hypothetical U.S. default. His conjectures are not rooted in the fear of the greenback being usurped by a more dominant global currency. Instead, his apprehensions stem from the possibility of no other currency being equipped to fill…

    Article 2023年5月25日

  • Jim Cramer drops bombshell on impending debt ceiling deal

    TL;DR Breakdown CNBC’s Jim Cramer warns investors to prepare for the coming week as a resolution to the U.S. debt ceiling crisis nears. Cramer urges his investing club members to maintain a healthy cash reserve in the face of potential market fluctuations. Significant earnings reports to watch in the coming week include Zoom, Lowe’s, Dick’s Sporting Goods, Williams-Sonoma, ELF Beauty, Nvidia, Best Buy, and Ulta Beauty. In a stunning prediction, CNBC’s noted financial commentator Jim Cramer has warned investors to steel themselves for the turbulence of the forthcoming week as the U.S. Congress tiptoes towards a resolution on the ongoing debt ceiling impasse. Cramer, who has long been an influential voice in financial circles, believes the successful negotiation of the debt ceiling crisis could unleash a torrent of previously sidelined capital back into the stock market. Decoding the debt ceiling drama According to Cramer, the endgame of the debt ceiling crisis promises a lucrative payout for investors, with the potential to rejuvenate a market that’s been somewhat restrained. “When we cross this debt ceiling hurdle, stocks are going to become…

    Article 2023年5月22日

  • Judge’s Decision on Sam Bankman-Fried’s Motion to Dismiss Charges in FTX Case

    TL;DR Breakdown Judge Lewis Kaplan from the District Court for the Southern District of New York has rejected Sam Bankman-Fried’s motion to dismiss most charges in the FTX case. The judge cited the U.S. Court of Appeals for the Second Circuit and emphasized that dismissal of charges is an extraordinary remedy reserved. Description In a significant development in the ongoing legal battle involving FTX Derivatives Exchange founder Sam Bankman-Fried, United States Judge Lewis Kaplan from the District Court for the Southern District of New York has rejected motions to dismiss most charges levied against him. Bankman-Fried and his legal team had filed a motion last month seeking the … Read more In a significant development in the ongoing legal battle involving FTX Derivatives Exchange founder Sam Bankman-Fried, United States Judge Lewis Kaplan from the District Court for the Southern District of New York has rejected motions to dismiss most charges levied against him. Bankman-Fried and his legal team had filed a motion last month seeking the dismissal of all charges, except three, arguing that the court had acted hastily in…

    Article 2023年6月30日

  • OpenAI discontinues its AI-detection software amid accuracy concerns

    TL;DR Breakdown OpenAI has announced that it will shut down its AI-detection software over claims of inaccuracy. Drop in accuracy raises concerns about reliability. Description OpenAI, a prominent name in the field of artificial intelligence, recently decided to discontinue its AI-detection software, citing a significant lack of accuracy. Introduced on January 31, the software aimed to assist users, including educators and professionals, in distinguishing between human-written and AI-generated text. OpenAI acknowledges the tool’s limitation The company took an unexpected turn … Read more OpenAI, a prominent name in the field of artificial intelligence, recently decided to discontinue its AI-detection software, citing a significant lack of accuracy. Introduced on January 31, the software aimed to assist users, including educators and professionals, in distinguishing between human-written and AI-generated text. OpenAI acknowledges the tool’s limitation The company took an unexpected turn when, in a blog post announcing the launch, they revealed that the AI classifier had been shut down as of July 20, 2023. The reason provided was its notably low rate of accuracy, rendering the tool impractical for use. Despite the project’s…

    Article 2023年7月26日
TOP