Reddit has selected Arbitrum L2-solution to scale its Community Points Incentive for rewarding talented users with ERC-20 tokens (points).
Ethereum has gained 3.1 percent value in the last 24-hours to trade at $2,050 at the time of press.
Social media giant Reddit has selected Arbitrum, a layer 2 Ethereum solutions provider, to scale its community points program. Millions of new users are expected to join the Ethereum network.
The announcement made on July 22, stated that the scaling network will be implemented on Rinkeby testnet, before launching onto the Ethereum mainnet. With its 330M monthly active users, it would be inefficient to run the program directly on the base layer. The announcement, however, did not specify how long the testing phase would last. Reddit stated that it chose Arbitrum due to its decentralization, broad ecosystem support, and developer friendliness.
“Today’s launch is a big step forward, but our work is far from done. Our goal is to cross the chasm to
