Arbitrum Proposes Orbit Chain to be Placed on a Blockchain Other than Ethereum

Bittime - Decision The Foundation submitted a proposal to allow Orbit chain to be placed on non-Ethereum networks such as Bitcoin, Binance Smart Chain, and Cosmos. Read this article to find out the full news! 

Placement of Orbit Chain 

Currently, Orbit chains can only be placed on chains that receive security from Ethereum. This change is expected to increase ArbitrumDAO's revenue, although it may also affect the prominence of the Ethereum ecosystem.

If this proposal is approved, Decision The Foundation will be responsible for collecting 10% of the revenue of the new chain. This is a strategic move to increase ArbitrumDAO's revenue, but it also brings with it some important considerations. 

One of the main concerns is how this step will possibly influence Ethereum's competitive advantage. By allowing the Orbit chain to operate on other networks, there is the potential that users and projects will move from Ethereum to other chains that are more efficient or cheaper, which could ultimately reduce activity and usage on the Ethereum network.

Impact on the Arbitrum Ecosystem

Allowing Orbit chains to be deployed on other networks can open up new opportunities for Decision. Firstly, it can attract more projects and users to the Arbitrum ecosystem, as they will have more flexibility in choosing the blockchain that best suits their needs. 

Second, by getting 10% of the new chain's revenue, Arbitrum could have a significant additional source of income, which can be used to further develop their ecosystem.

However, there are also risks to consider. This change could weaken the relationship between Arbitrum and Ethereum. In addition, it is necessary to ensure that the other chain that will be used has a level of security and reliability equivalent to Ethereum, to avoid potential security problems that could harm users.

Strategic Steps to Increase Revenue

This proposal shows a strategic step from Arbitrum Foundation in exploring new ways to increase revenue and expand their ecosystem. 

By opening up the possibility to use other chains, Arbitrum can attract more projects and users, which can ultimately increase the adoption and use of their technology.

However, it is important for the community to consider all aspects of this proposal before making a decision. Allowing Orbit chains to operate on other chains is a big step that can bring many benefits, but also requires careful consideration to ensure that the benefits are worth the potential risks.

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