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Academic Breakthrough: A Paper That Changes the Industry
In August 2018, three individuals presented the historically significant paper "Arbitrum: Scalable, Private Smart Contracts" at the USENIX Security Symposium, introducing the AVM (Arbitrum Virtual Machine) and the challenge-arbitration mechanism for the first time. This is not an ordinary academic paper—it is the first publicly verifiable complete blueprint for rollup technology.
Interestingly, when a certain investment institution