Arbitrum Nova was released on August 10, 2022, with the primary goal of reducing transaction fees and supporting DApps that demand high transaction volumes with minimal expenses. Although existing Layer 2 solutions like Arbitrum One appear to have reasonable fees, some blockchain sectors, such as gaming, necessitate even lower transaction costs to remain practical for users. This is because these sectors usually generate large amounts of transactions, resulting in substantial fees over time.
Arbitrum Nova vs Arbitrum One
Although Arbitrum developed the Nova chain, it is distinct from Arbitrum One as it utilizes a new L2 network solution called AnyTrust Technology. Nova's unique design, which leverages an off-chain...