{"id":574663,"date":"2022-08-30T09:28:56","date_gmt":"2022-08-30T08:28:56","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=574663"},"modified":"2022-08-30T09:29:09","modified_gmt":"2022-08-30T08:29:09","slug":"ethereum-scaling-solution-arbitrum-set-to-undergo-major-upgrade-on-august-31","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-scaling-solution-arbitrum-set-to-undergo-major-upgrade-on-august-31\/","title":{"rendered":"Ethereum Scaling Solution Arbitrum Set To Undergo Major Upgrade On August 31"},"content":{"rendered":"\n
On August 30, Ethereum Layer 2 solution Arbitrum tweeted that the network is all set to undergo a major upgrade on Wednesday, August 31. <\/p>\n\n\n\n
Dubbed Nitro, the said upgrade will enhance Ethereum’s transaction output alongside introducing changes in cross-chain communication between the network and its layer 2 solutions.\u00a0<\/p>\n\n\n\n
Nitro Upgrade Is Set To Reduce<\/strong> Ethereum’s Transaction Fees<\/strong><\/p>\n\n\n\n The Arbitrum team took to Twitter to announce another important upgrade dubbed Nitro which is set to enhance Ethereum’s existing significance.\u00a0<\/p>\n\n\n\n The Nitro update will streamline the cross-communication channel between Ethereum and Arbitrum alongside facilitating fast transaction processing for the users on the network. <\/p>\n\n\n\n The network has confirmed that Nitro will be deployed on August 31, and during that time, the network will be facing a set downtime of approximately 2-3 hours. <\/p>\n\n\n\n In addition to this, Nitro is also set to reduce Ethereum’s transaction fees, which has been one of the leading concerns that the network has been encountering for years. <\/p>\n\n\n\n