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ARB Market Plummets 14%, But New Developments Could Reverse The Trend

NewsBTC LogoNewsBTC16h ago

ARB Market Plummets 14%, But New Developments Could Reverse The Trend - NewsBTC

Quick Summary:

Features like in-depth block data, verified smart contracts, and full API access are some of the things Arbitrum users will have access to because of this.  The platform’s DAppScout feature will also help users filter dApps with low-security scores, improving user experience while giving them the ability to keep their funds safe from malicious actors.  ArbOS 31 ‘Bianca’ To Bring More Devs On-Board ArbOS 31 is a proposal that would expand Arbitrum’s position within the dev space.

This change will make smart contract deployment easier as it makes any smart contract written on the platform be compatible with existing Solidity-based smart contracts.  The proposal also covers the implementation of Passkeys, a password-less system of identification to protect user data and funds, and the Nova Fee Router which will make the collection of fees on the Arbitrum DAO more efficient.  Arbitrum has also announced that voting for the proposal is now live.  A Long Time Recovery For ARB?

This new addition to the Arbitrum circle will further push users to the platform, leveraging Metalend’s already big following.  With Arbitrum’s growing position in the lending space of crypto, the platform might experience growth in that sector of the market.


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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 21:30:08 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21901188

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 18 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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