Arbitrum Gains Massive Community Support for its BoLD Proposal

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The Ethereum Layer-2 scaling solution, Arbitrum, has suggested a novel approach for resolving challenges called BoLD (Boosted Liquidity Delay) to enhance its ecosystem.

The Arbitrum team first put forward the proposal on January 6.

Arbitrum’s BoLD Proposal Gains 99.79% Community Approval

Currently, the Arbitrum Decentralized Autonomous Organization (DAO) is conducting a final on-chain vote regarding the BoLD proposition. At this moment, an overwhelming majority within the Arbitrum community has expressed their approval for the proposal, with a staggering 99.79% voting in its favor.

So far, only about 0.4% of the total 201.5 million eligible voters have cast their ballots, and the voting process is set to conclude on January 24th.

The BoLD protocol aims to enable permissionless validation and protect against delay attacks.

In simpler terms, Arbitrum stated that while their current chains operate using fraud-detection methods, the new system called BoLD offers an opportunity for anyone to contest and potentially resolve disputes within a set time frame, thanks to some clever but subtle improvements.

As an analyst, I’ve noticed that the validation process on both Arbitrum One and Arbitrum Nova has been narrowed down to a select group of validators. This move by the Arbitrum DAO is aimed at thwarting potential ‘delay attacks’.

These incidents take place when unscrupulous entities repeatedly challenge the verification process, aiming to prolong the time it takes to validate claims by instigating numerous disagreements.

The proposed solution suggests that BoLD handles disputes promptly, setting a definite deadline for resolution. This timeline currently corresponds to a single challenge phase, typically lasting around 6.4 days.

This protocol ensures that the longest possible duration for settling disagreements will not surpass two stages: one dedicated to submitting disputes, followed by a second stage focused on resolving them.

Furthermore, BoLD offers a brief window of 2 days for the Security Council to take action should it be required. This “permissionless validation” process represents an important stride in Arbitrum’s mission to attain Stage 2 Rollup status.

Using BoLD, any trustworthy entity can verify and lock up their funds to confirm the accuracy of Layer-2 state declarations and contest dishonest actions. This results in a more transparent and secure environment for Arbitrum.

At present, the protocol is being utilized on a public testing network during its initial phase (alpha version). This setup enables developers and users to experiment with and discover the features of BoLD. The team anticipates that the BoLD plan will contribute significantly to Arbitrum maintaining its position as a frontrunner among Ethereum rollups.

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2025-01-10 22:20