Arbitrum poses new governance proposals after community furor
The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its original.
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The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its original.
The Arbitrum Foundation has recently proposed two motions that aim to increase the governance powers of ARB token holders.
After a community outcry against the sheer mess Aribitrum's first governance proposal created, the Arbitrum Foundation — the firm directing the development of the layer-2 scaling network — has stated that it will split AIP-1 into numerous smaller proposals. With the Arbitrum DAO reaching a consensus against AIP-1 on Wednesday, the foundation suggests incorporating community
Arbitrum Foundation pledges not to move remaining 700 million ARB tokens without DAO approval of new proposals.
Arbitrum (ARB) token holders, who are using the promising layer 2 scaling solution, are experiencing mixed emotions following the distribution of rewards by the protocol. While some have expressed admiration for the efficiency and quickness of the platform, there have been concerns regarding the practical use of the token.
The Arbitrum network and its native token $ARB have been the most searched crypto projects, according to data by Coinmarketcap and Coingecko, since the airdrop on March 16.
Sentiment, a decentralized finance (DeFi) platform offering lending and borrowing services on the Arbitrum layer-2 network, was hit by a malicious exploit on April 4, resulting in a nearly $1 million loss.
Sentiment protocol, a decentralized finance (DeFi) project, is currently investigating the indictable extraction of funds amounting to $1 million.
Big players make significant moves in the crypto market - Andrew Kang's $ARB purchase and massive $SHIB holdings worth $288.1M
Prominent trader Andrew Kang has acquired nearly 800,000 ARB tokens, valued at approximately $1 million. Kang's interest in Arbitrum was hinted at through a tweet, in which he discussed the project despite the uncertainty surrounding the token.
Arbitrum (ARB) is arguably one of the best Layer 2 protocols on Ethereum, with the highest transaction throughput as measured by Total Transactions Per Second (TPS). According to data from L2Beat, Arbitrum One is at the top of the chart, alongside the main Ethereum protocol, in the TPS ranking.
Users of Arbitrum [ARB], the native token of the burgeoning layer 2 scaling solution, have been caught between distress and glee since the protocol's reward distribution. While many have praised the protocol's efficiency and speed, concerns have been raised about actual participation with the token.
After suffering from a weekend filled with uncertainty, Arbitrum (ARB) now appears to be in for a rebound despite rumors about its whale and supply still circulating. Over the past 24 hours, Arbitrum native token ARB has surged by nearly 10%.
Arbitrum backtracked on a key proposal. The result could be seen as a win for the promise of DAOs, but he ordeal raised a number of thorny issues.
On a Sunday, questions about Arbitrum's governance are being raised after its centralized, self-titled foundation sold ARB tokens before the conclusion of a major governance vote, therefore rendering the democratic process useless.
On-chain data and technical analysis shows strength in ARB price, even after a weekend filled with rumors and sell-offs.
The messy governance dispute involving a major Ethereum scaling system shows “communities” of token holders have power. But how should that power be distributed?
Prominent crypto trader and founder of venture capital firm Mechanism Cap, Andrew Kang, has not stayed away from active discussion in the crypto community on the topic of a possible altcoin season and gave his views on the matter.
Arbitrum made headlines with the launch and airdrop of its native utility token, ARB, last month. Since then, ARB has been on a downward spiral, with its price plunging by 90% from the $11.8 mark on March 23.
It was recently reported that two massive whales purchased a significant quantity of ARB.
Decentralization and governance go hand in hand. Since Bitcoin's inception, crypto maximalists have embraced core components of decentralization, and while ‘governance' isn't called out specifically in the Bitcoin whitepaper, it's considered one of the largest elements of decentralized environments throughout the crypto ecosystem.
Pedro Herrera says with failures in the banking system and centralized exchanges facing regulatory scrutiny, there is a renewed interest in decentralized finance.
The Arbitrum Foundation has already sent itself 750 million ARB even though the DAO vote hasn't ended yet.
Arbitrum is dealing with a governance crisis.