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View submission: Scaling Reddit’s Community Points with Arbitrum
Yes, these are all competitors in the rollup space. I have plenty of articles about rollups in my profile. The ELI5 is that these are different Layer 2 chains that sit on top of Ethereum. They are focused on doing only one thing well - fast, cheap execution - while relying on Ethereum for security, decentralization, infrastructure, and data availability. The end result is they can scale to thousands of TPS today, and potentially millions in the long term, all combined.
There's nothing here!