I’m voting in favor of this upgrade since the transactions costs will be reduced in the network and it is compatible with the reasoning for blobs in L1. I’m not aware of any technical issue at the moment of writting this comment
I will be maintain my Snapshot “For” vote for the final On-Chain Tally vote. I will echo that I trust the Arbitrum team’s ability and technical expertise in this manner.
Thank you to the team for providing the Security Assement report before voting. This step gives me even more confidence in the vote and it is appreciated. After reading the report, it looks like there was only 1 possible issue which was promptly resolved during the process.
Look forward to this upgrade, as I’ll always be a fan of anything that can help with scalability!
Treasure’s Arbitrum Representative Council voted “For” this proposal on the On-Chain Tally vote.
As described above, we continue to have full confidence in the Offchain Labs team’s ability to continually enhance the Arbitrum ecosystem through their technical expertise. While we depend on our more technically inclined delegates and community members to raise any concerns, it’s evident that the proposed improvements offer undeniable value with no apparent challenges.
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If the proposal to enable ArbOS Version 20 Atlas passes, nodes will need to be updated to continue syncing with the chain.
Arbitrum nodes should upgrade to v2.3.0 .
A docker image can be found in Docker Hub.
he below response reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
When we voted in favor of the proposal during temp-check, we committed ourselves to go through the proposed changes and the associated executable code in-depth before casting our vote on-chain.
After reviewing the changes, and ensuring that the computed wasmModuleRoot matches what’s in the proposal’s executable, we’ve found nothing worrisome. As such, we’ll be voting in favour of the proposal.
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Vote: FOR
Why: The upgrade nails it on multiple fronts. First off, fixing that high-severity bug pre-vote shows the team’s on their A-game. Compatibility with Ethereum’s latest, especially with EIP-4844, is a game changer for us on the gas front - cheaper transactions are always a win. The move towards more democratic and transparent governance processes is something I can get behind, adding fairness and integrity. Plus, having dug through the audit and seeing only one issue, quickly patched, gives me tons of confidence. In short, this upgrade’s got the tech chops, cost savings, and better governance we’ve been looking for. Solid work by the Arbitrum team, and it’s a straightforward decision to back this.
Vote: For
I am strongly in favor, as I consider them to be among the most critical advancements in our space at the moment.
The reality is that a substantial portion of new users are inclined to dip their toes into the ecosystem with minimal initial investments. Given this trend, the cost of transactions can pose a considerable deterrent, eroding the efficiency of their trading activities from the outset.
From my perspective, the true value of these developments may not lie solely in the measurable reduction of gas fees. Instead, I anticipate a more significant outcome the potential surge in transaction volume. This is because the lowered entry barriers are likely to encourage a wave of new users who find the prospect of engaging with DeFi platforms more approachable and less intimidating compared to CeFi options.
Really looking forward to this!
These discussions showcase a robust community engagement and support for the upgrade. The consensus among various stakeholders, including representative councils and individual voters showcase the Offchain Labs team’s ability to enhance the deliver. The anticipated improvements, such as cost reductions for transactions through blob storage and the introduction of new OPCODEs, are widely welcomed. The audit report’s availability and the resolution of a high-severity issue further bolster confidence in the upgrade’s technical solidity.
We are in support for this ArbOS Version 20 “Atlas” upgrade. The proactive approach in addressing technical issues, coupled with the emphasis on cost efficiency and ecosystem enhancement, sets a commendable standard for blockchain development. This upgrade not only promises to improve transactional efficiency but also aligns with the broader goals of scalability and user accessibility. The collective anticipation for a more efficient and inclusive ecosystem reflects a shared vision for the future of decentralized finance, underscoring the importance of community-led governance in achieving sustainable technological advancement.
As a future conversation, given these cost reductions through blob storage, what else can there be done to reduce costs in this line, or is this the ultimate endgoal?
For visibility (thanks @raam): If you are looking to understand more ArbOS internals, from a technical standpoint, you might be interested in ArbOS code walkthrough
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The below response portrays the views of the @AranaDigital governance team, represented by @farfel.eth.
We are voting For as we see the improvements outlined in this proposal as aligning Arbitrum’s fee structure to enable the network to accommodate higher transaction throughput while decreasing costs for users. This is crucial for sustaining Arbitrum’s attractiveness in a competitive Layer 2 environment. Although we anticipate a decrease in revenue, it’s a necessary step to ensure Arbitrum remains competitive in pricing. The expectation is that increased transaction volume will offset the reduction in marginal revenues, ultimately restoring total revenue to its previous level—and hopefully surpassing it.
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