Spoon Supports Arbitrum to Build dApps on It

Launch via Spoon
#1

Spoon provides the gateway for developers to import ABIs of smart contracts and quickly build a dApp UI. It is also the way to demo any dApp on any chain with less gas fee. Arbitrum, one of the chains that Spoon supports now, is a suite of fast, low cost, and secure, Ethereum scaling solutions by @OffchainLabs

Arbitrum Explained

Arbitrum is a next-generation layer-2 for Ethereum.

Arbitrum is built by Offchain Labs, a world-class team of researchers, engineers, and Ethereum enthusiasts. It is a suite of Ethereum scaling solutions that enables high-throughput, low cost smart contracts while remaining trustlessly secure.

Arbitrum has 3 modes:

  • AnyTrust Channels

  • AnyTrust Sidechains

  • Arbitrum Rollup

Arbitrum is an Optimistic Rollup solution, which means that state changes are published with minimal inspection by letting a validator post a rollup block which is claimed as correct, and then giving everyone else a chance to challenge that claim, which allows for faster transaction speeds. Blocks are then rolled up to the main Ethereum chain.

If there are fraudulent transactions posted, then the bad actors are punished and the state is rolled back.

Arbitrum One is the name of the public mainnet for Arbitrum.

Arbitrum One is live since 1 Sept 2021 where the team (Offchain Labs) maintains the ability to do performance and feature upgrades or pause the system if necessary.

With over 300+ dApps deployed & over $3 billion in TVL, Arbitrum is by far the largest rollup ecosystem.

#2

Why Should You Use Arbitrum?

Compatibility with Ethereum

Arbitrum is compatible with Ethereum, and runs on top of Ethereum. Like on Ethereum, you write your dapp in Solidity, and you use the open source Arbitrum compiler to compile your Solidity code to run on Arbitrum. You can also transfer Ether or any other Ethereum-based token back and forth between Ethereum and Arbitrum.

Scalability

In normal operation, decentralized apps (dapps) only have to touch the main chain on startup or when they send or receive currency outside of Arbitrum. Other interactions can happen entirely offchain, with quick turnaround and guarantees of finality. Even in abnormal cases, the burden on the main chain is small compared to other solutions.

Privacy

Only the participants who validate a dapp’s execution need to know what is in the dapp’s code or storage. All that is published on-chain are cryptographic hashes of the dapp’s state, and information about the dapp’s public actions such as sending and receiving calls, messages, and currency. The dapp developer gets to choose their own validators.

Users of a dapp can be given information about its internals if desired, and they can verify the information if they receive it, but this disclosure is strictly optional, depending on the needs of each dapp.

AnyTrust Guarantee

Unlike many other sidechain or private chain solutions, Arbitrum guarantees correct execution as long as any one validator of a dapp is acting honestly — even if all of the other validators are colluding to (try to) cheat. Many other approaches require majority-honest or two-thirds-honest assumptions, or require moving the entire state of a contract to the main chain in case of a dispute.

The AnyTrust Guarantee is especially nice if you are a validator of a dapp. You can stand up for your own rights and force the dapp to give you the behavior and currency that you deserve, no matter what anybody else does. If all of the parties interested in a dapp are allowed to be validators, then everybody has a guarantee of correct behavior.

Spoon welcomes more developers to directly connect with Arbitrum at app.spoon.limo to explore more dApps and feel free to talk with the community at community.spoon.limo.

#3

1.GMX

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.

Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading.

Dynamic pricing is supported by Chainlink Oracles and an aggregate of prices from leading volume exchanges.

2.Galxe

Galxe is the leading Web3 credential data network in the world. A collaborative credential infrastructure enabling brands and developers to engage communities and build robust products in Web3.

At Galxe, we are building the infrastructure to power an open and collaborative credential data network. We help Web3 developers leverage credential data to build better products and communities. At the same time, data curators contribute to our credential data network while earning income once the data is utilized.

  1. Stargate Finance

Stargate is a fully composable liquidity transport protocol that lives at the heart of omnichain DeFi.

4.Quix

Quix is the largest NFT marketplace on Optimism, a layer 2 scaling solution for Ethereum. With an average transaction fee of just 0.0001 ETH ($0.15), Quixotic has already saved users an estimated $4 million in gas fees to date. Ultra-secure and lightning-fast, Quix inherits all of the safety of mainnet Ethereum while executing transactions for a fraction of the cost.

5.tofuNFT

tofuNFT.com is the largest multichain NFT marketplace lives on 30+ EVM-compatible public chains, focused on GameFi. Enjoy exploring & trading with your buddies!

Build A dApp on Arbitrum via Spoon Now!

Spoon encourages all to connect any trending dApp on Arbitrum with other chains, which will empower the dApp ecosystem. For reference, we recommend you to check the tutorial of Spoon-Uniswap on ETHW.

You can directly call for any smart contract on Arbitrum via Spoon platform. Check here to learn more.