Reddit Rolls With Arbitrum to Scale Its Ethereum-Based Community Points System
Arbitrum has been upvoted by Reddit.
The rollup technology was selected by the social media site to make Reddit’s Ethereum-based Community Points system ready for prime time. Rollups, a solution for the world computer’s limited capacity, temporarily bundle transactions on a sidechain so that more users can participate in the primary network.
Community Points, which are ERC-20 tokens that can be earned by Reddit users for quality comments or other contributions, can be spent on things like exclusive badges, custom emojis and GIFs.
In a statement, Reddit said Arbitrum was “the most promising scaling technology for Community Points.”
The decision is yet another feather in the cap of Arbitrum, which, since launching for developers on May 28, has seen adoption or interest from projects such Alchemy, Uniswap, Chainlink and Etherscan as projects look for layer 2 solutions to thwart Ethereum’s high gas fees.
Reddit launched its own layer 2 rollup using Arbitrum tech on the Rinkeby testnet today, before migrating to the Ethereum mainnet.
Community Points are being experimented with in two communities. One is r/cryptocurrency’s Community Points, which come in the form of “Moons” while the r/ForniteBR’s are known as “Bricks.” Together, these two communities contain around 4.8 million members.
Reddit noted that while it migrates Moons and Bricks to the scaling network, each will be unavailable for a few hours, and they will update posts in each community when completed.
In addition, Reddit is looking for developers to build a more decentralized web at “Reddit-level scale.”