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Artbitrum Nova

What is Arbitrum Nova?

Arbitrum Nova is a rollup solution built by Offchain Labs that brings layer-2 scalability to the Ethereum network. It utilizes Optimistic Rollup technology to improve Ethereum's transaction throughput and reduce gas fees, while maintaining compatibility with existing smart contracts and applications.

Key Features

  • Layer-2 Scalability
  • Optimistic Rollup Technology
  • Gas Fee Reduction
  • Compatibility with Ethereum
  • Smart Contract Support

Use Cases

Arbitrum Nova is used to enhance the scalability of Ethereum, making it more practical for various use cases such as decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and other applications that benefit from reduced transaction costs and increased throughput.

Visit their official website to learn more:
https://arbitrum.io/anytrust
Accounting Features Supported for
Artbitrum Nova
Unrealized G/L & Impairment Calculation
Soon
Reconciliation & Sanity Checks
Soon
DeFi Protocols
Soon
NFTs Valuation
Soon
Automated Rule Categorization
Soon
Integration to ERPs, QBO, Xero, Netsuite, etc.
Soon

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