I've been researching the latest breakthroughs on the Ethereum (ERC-20 side) and I have to admit, I went through a phase where I was relatively impressed with Hedera Hashgraph, in that they process 20,000 TransactionPerSecond (TPS) and have a small NFT collection (although most dont render on the screen) and they have fully locked tx's in a block a few seconds after submitting them, (IE like bitcoin lightning solves for), however I was not impressed with their centralized nature (35 companies that own the chain) nor their connection to Google. I was also not impressed with their non standard Metamask implementation (you need a plugin for the plugin to get it to work). I quickly realized they have a technology that is "OK" but breaks every standard out there. Plus, I heard God tell me "Arbitrum is better".
So Ive been expirimenting with Arbitrum ever since and I'm very impressed with their 40,000 TPS; the tx's are locked in a block 5 seconds after you transmit. The native currency ARB is theoretically available in every country and they are already on all the DEX's. The gas fees are less than 1 cent to do any operation on the ERC side and they are fully solidity smart contract compliant.
Although we have a working sidechain now that is about 1,000 TPS and is not released yet, I believe we may have room to integrate or partner with ARB. One use case would be making an atomic swap in and out of BBP->ARB so that users can send cash to other countries instantly (this gives us the equivalent of Bitcoins Lightning network). Yes we have instantsend, but our currency is not settled in every other country. With ARB, you can do this : BBP->ARB Atomic transfer to your friend in India; Friend in India goes from ARB -> INR -> Coinbase withdrawal. Also the ARB blocks are settled in 1 second, so what we would gain is 1 second block settlement for BBP.
Another thing Im weighing out is NFTs stored as ERC721 on the ARB network. Problems we are still solving: Orphan (Soul bound NFT) with expiration date, instantly settled NFT sales, promoting an NFT in an iframe/public link, NFT SEO, Encrypted embedded 'Hi-Res image' or 'treasure' link only viewable by owner. Remember the main reason we moved from ERC721 to native was because you could not host an opensea iframe on a BBP website. However we may be able to solve all these problems now by making our own ERC721b contract for BBP. So Im looking into this to see if I can do this in testnet and then we can reevaluate.
One other future use case for Arb, ironically by its name, is wrapping or tokenizing real world assets. I could see a use case for tokenizing every stock market security (similar to what Denari is doing). Lets talk more about that later as that would be a 2025-2026 roadmap item, as we have more pressing things to release this year.
But back to reality, the way BBP could partner with ARB is : We would still be primarily useful in having our sidechain that binds dapp pages (IE user apps that manage data), their permissions that ultimately drives the view of the page. Think social media pages, timeline, comments posting, Gospel videos, small homegrown apps that manage one thing, like Widgets for XYZ; that can be stored in the BBP sidechain. The ARB features come in when we need to transfer funds from User a -> User B; those funds would atomically swap to ARB first then reach the recipients metamask wallet in ARB. The other use case is rolling up our sidechain blocks into both BBP + ARB blocks.
So for example, a user is minting an nft. Our side chain holds the NFT images which generate links that live forever (as we store real data on STORJ and expose those links as bbp sidechain links). However ARB would run the ERC721 NFT contract itself. As long as we can view and buy the ARB nft in both Opensea and our public SEO compatible showroom, this plan would work (Checking on that).
Ill need to make a new nutrition chart that explains the pros and cons of what this relationship looks like.
But for now, it does appear to be a match made in heaven. Im getting excited about it, because we would gain:
40,000 TPS
Instantly settled tx in actual blocks with hashes that are non reversible
Instant NFT transfer owner -> owner
Settlable BBP in any currency and any country
Instant cash transfer to any metamask user in the world
We retain BBP link storage that serves real files (mp3, mp4, image etc) on our sidechain
We retain ability to finish social media system
We can add Governance smart contracts that allow any users who have permissions to orgs to delegate more permissions to other users (IE establish zero trust permisionless DAO
for apps we write)