Ethereum Arbitrum Extension Network Set for Major Upgrade on August 31 by Cointelegraph

Ethereum Arbitrum Expansion Network Set for Major Upgrade on Aug 31

Layer 2 scaling solution Arbitrum is set to undergo one of its most significant upgrades on Wednesday, set to increase transaction throughput, reduce transaction fees, and simplify cross-chain communication between Arbitrum and Ethereum.

Dubbed the “Nitro” upgrade, Arbitrum reconfirmed the upgrade date in a Twitter (NYSE:) post on August 29, confirming that the upgrade will go into effect August 31 at 10 :30 a.m. Eastern Time, and noted that two to four hours of network downtime is expected.