/biz/ - Business & Finance

>>50830384

>>24663131
not for long

>>23386134

>>22898250

I've read the Arbitrum whitepaper, I've watched Ed's keynote, I've watched Ed's 2019 announcement talk, I've read the explainer on Medium. I've DMOR.
I have a question.
Ed talks (in his Keynote) about arbitrum being useful for "reddit type applications" which he describes as various uses including minting, moving tokens and trading. This seems like it could handle an application like Uniswap, which is currently the biggest gas guzzler on Ethereum.

So will Uniswap benefit from rollups in Q4, or sidechains in Q1 next year? Will it be a fairly frictionless process that will go: Arbitrum Beta release > Uniswap gets ported to an Arbitrum sidechain running on LINK nodes > Uniswap can now do 4k TPS which will make the application run 1000x better > instant pressure off the ETH main chain?
What are the roadblocks or issues that make this unlikely?

>so that's kind of a typical workload involving; keeping track of ownership of assets, moving assets around, minting and burning and trading and so on
This is how Ed describes "a typical workload" for Arbitrum in his SmartCon keynote.
Is an AMM exchange like Uniswap the sort of thing that would benefit from Arbitrum? Is an AMM DEX the sort of thing that can be run as a virtual machine? Is it likely that a lot of the big gas consuming apps will port over to Arbitrum when sidechains launch Q1 next year? LINK? SNX? AAVE? Are these the sort of applications that Arbitrum is suited to?

>so that's kind of a typical workload involving; keeping track of ownership of assets, moving assets around, minting and burning and trading and so on
This is how Ed describes "a typical workload" for Arbitrum in his SmartCon keynote. In mentioning "moving assets around" and "trading" does this mean AMM dexes like Uniswap will be able to be ported on to Arbitrum and operate at 4k TPS, or is it not as simple as that?
It seems like a performance upgrade of that magnitude dropping in a few months would be much bigger news, so what's the catch?

>INFLEXIBILITY. In legal contracts, the parties to a contract can modify or cancel the contract by mutual agreement. This is considered an important feature of legal contracts, because it prevents the parties from being trapped by the erroneous contract or unforeseen circumstances. For Ethereum-style smart contracts, deviation from the code is not possible. In Arbitrum, a modification to the contract VM is possible, as long as all of the VM's honest managers will agree to it.
Literally every problem with (and objection to) smart contracts is dissolving in front of our eyes.

https://www.reddit.com/r/ethereum/comments/i1g5cc/scaling_reddit_community_points_with_arbitrum/

>Arbitrum Rollup is not the only solution that can scale payments, but it is the only developed solution that can scale both payments and arbitrary smart contracts trustlessly, which means that third party users can build highly scalable add-on apps that can be used without withdrawing money from the Rollup chain.

*cucks your life's work into a settlement layer*