What Is Arbitrum ( ARB )?
Arbitrum is a layer-2 solution created to enhance the functionality of Ethereum smart contracts. The native token of this network is ARB.
When and by whom was Arbitrum founded?
Arbitrum was developed on August 31, 2021 by Ed Felten, Steven Goldfeder, and Harry Kalodner, the founders of Offchain Labs, a New York-based development company. The network's token, ARB, was released on March 23, 2023.
ARB's infrastructure
Built on the Ethereum blockchain, ARB uses an off-chain scaling technique called Optimistic Rollups.
What does it promise to its users?
Arbitrum; It is a layer-2 solution with compatibility, scalability, flexibility and decentralization. It was designed to reduce fees and increase transaction volume on the Ethereum network.
