Part 3/7:
The conversation shifted to the advancements made with V2 of the transaction model, which has radically simplified the process. With the new version, users no longer need to hold Arbitrum ETH or any gas tokens. Instead, the complexity of gas fees has been abstracted away entirely, allowing users only to focus on the currency being inputted for the transaction.
The V2 model works through a smart contract that is equipped with its own Arbitrum ETH, ensuring that gas fees are integrated into the swap process. This innovation removes the previous roadblock and enhances the overall user experience significantly.