Developers of Arbitrum Release Orbit Framework in Support of Ethereum L3’s

The Arbitrum development team introduced Orbit, a powerful framework simplifies application development. With its focus on layer-3 (L3) networks, Orbit empowers developers to build and launch innovative solutions efficiently. Offchain Labs announced on Twitter:

Today, we’re releasing tooling that will make building your own Arbitrum Orbit chain easier than ever. To start, we’re providing a quickstart guide & tools to help you with building your Orbit DevNet chain!

L3s on Arbitrum: Why Are They Necessary?

Layer-3 networks, or AppChains, are dedicated platforms for individual distributed applications. With layer-2 networks providing security and leveraging the underlying layer-1 Ethereum network, AppChains ensure robust protection and reliability for specialized applications.

Arbitrum Orbit empowers developers to build personalized AppChains that seamlessly integrate with Arbitrum’s layer-2 chains like Arbitrum One, Arbitrum Nova, or Arbitrum Goerli.

This unique feature allows developers to tailor privacy settings, permissions, fee tokens, governance mechanisms, and other crucial aspects to suit their specific Orbit chain requirements. With this flexibility, developers can unlock new possibilities and enhance the user experience within their dedicated chains.

In addition to its versatility with apps, Orbit’s capabilities extend beyond that realm. This powerful framework enables the creation of L3’s, serving as hosts for EVM-compatible smart contracts, while effectively segregating computing and storage resources from Arbitrum’s public L2 chains.

The decentralized blockchain network powered by Nitro brings forth many opportunities, leveraging Nitro’s fraud proofs, advanced compression, EVM+ compatibility via Stylus, and continuous improvements.

Additionally, Orbit Chains ensure their users with reliable gas prices through dedicated throughput and traffic isolation, creating a seamless experience for all participants.

Orbit Chains offer the advantage of controlling permissions, allowing L3’s to dictate data access and smart contract usage on their chains.

This capability allows precise control over who can read the chain’s data and engage with its smart contracts. This level of customization empowers businesses to design chains that perfectly align with their unique use cases and specific operational needs.

Price of ARB – Up or Down?

The recent surge in ARB price, driven by Bitcoin-related news involving BlackRock, mirrors the overall crypto market’s momentum. Yet, altcoins still face significant hurdles in surpassing key resistance levels to approach their yearly peaks.

The 1-day chart reveals ARB’s struggle to surpass the significant hurdle at $1.15, accompanied by a retest of the descending trend line. This juncture presents a critical situation for ARB’s future. A successful breakout above $1.15 could pave the way for a possible price level of approximately $1.28, while a rejection might lead to a renewed decline toward $1.03.