Summary
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Converge Chain aims to revolutionize on-chain finance with fast, scalable, and flexible infrastructure: By leveraging Arbitrum and Celestia, Converge seeks to create a superior platform for DeFi applications and real-world asset integration, targeting low latency and efficient transactions with features like 100ms block times and native gas tokens.
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Arbitrum’s Timeboost enhances user protection and network efficiency: This new feature actively combats harmful practices like front-running and sandwich attacks by implementing a private mempool, leading to a smoother, less congested network experience for all users and potentially generating revenue for the Arbitrum DAO.
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Converge Chain launched by Arbitrum as a settlement layer for DeFi and RWAs: Built with Ethena Labs and Securitize, Converge focuses on speed, scalability, and flexibility using Celestia, and features 100ms block times, native gas tokens, and expanded smart contract language support (Rust, C, C++, Solidity via Stylus upgrade).
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Arbitrum launched Timeboost to improve network efficiency and user security: Implemented on Arbitrum One and Nova, Timeboost reduces congestion and protects against front-running by discouraging latency races and using a private mempool; it may also create revenue for the Arbitrum DAO.
Converge Chain Debuts as Settlement Layer for On-Chain Finance
Arbitrum has announced the launch of Converge, a new blockchain specifically engineered to serve as a settlement layer for decentralized finance (DeFi) and real-world assets (RWAs).
Developed through a collaboration between Ethena Labs and Securitize, Converge leverages Celestia for its underlying infrastructure.
Converge Focuses on Speed, Scalability, and Flexibility
With a design emphasis on high speed, significant scalability, and operational flexibility, Converge aims to transform the landscape of on-chain finance.
The new chain is projected to integrate approximately $7 billion in dollar-denominated assets, including USDe and BlackRock BUIDL, into the expanding DeFi ecosystem.
Customizable DeFi Environment through Converge Features
Converge’s primary objective is to deliver a tailored, rapid, and efficient platform for decentralized applications (dApps) and various financial operations.
On the Arbitrum framework, Converge is optimized for exceptionally low latency and robust scalability capabilities.
The platform introduces native gas tokens in the form of USDe and USDtb, designed to ensure streamlined and economically viable transactions for users.
A key technological advancement in Converge is its block generation time of 100 milliseconds, representing a substantial improvement in transaction processing speed.
Further advancements promising even faster block times are under development, aimed at enhancing performance for both application developers and end-users.
Enhanced Security and Interoperability via Validator Network and Stylus Upgrade
Converge will operate a validator network supported by SENA, fortified by Celestia’s modular architecture.
This structure is intended to guarantee strong security properties and a high degree of decentralization for the network.
This setup also simplifies cross-chain connectivity and transaction settlement across multiple distinct blockchain environments.
Beyond acting as a settlement layer for Ethereum-based assets, Converge also intends to broaden its capabilities by supporting other application-specific blockchains, further extending its utility within the broader DeFi space.
Arbitrum Timeboost Feature Enhances Network Performance and Security
In related news, Arbitrum has also officially launched Timeboost, a novel feature now active on both Arbitrum One and Nova.
Timeboost is designed to improve overall network efficiency and strengthen user protection within the Arbitrum ecosystem.
By discouraging latency races, situations where automated bots compete to execute transactions first, Timeboost effectively reduces network congestion.
This contributes to a smoother, more efficient operational environment for all network participants.
Also Read: Introducing Anomaly: AI-Powered Layer 3 for Gaming powered by Arbitrum Orbit, built on Gelato RaaS
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