$ARB

Arbitrum

Arbitrum is one of the leading layer 2 scaling solutions for Ethereum. It utilizes optimistic rollups technology to provide much faster and cheaper transactions while still leveraging the security of the Ethereum mainnet.

There are two main platforms in the Arbitrum ecosystem - Arbitrum One and Arbitrum Nova. Arbitrum One uses the fully trustless Rollup protocol, while Arbitrum Nova uses the mostly trustless AnyTrust protocol. The main distinction between the Rollup and AnyTrust protocols is the data availability committee (DAC) which is required for the AnyTrust model to function.

Arbitrum has a governance token called ARB, which is an ERC-20 token that enables holders to participate in the Arbitrum DAO and vote on key decisions related to the Arbitrum One and Arbitrum Nova blockchains.

Why Arbitrum?

The governance platform of Arbitrum has approved a proposal to allocate 225 million ARB, worth approximately $215 million, over three years to support gaming projects on the network. The proposal received over 75% of ARB token votes in favor.

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