Arbitrum ( #ARB ) has increased by 58% with its upward movement in the last 21 days. The technical view of #Arbitrum , which is among the most valuable projects in the cryptocurrency ecosystem, is as follows. After a retreat, the targets indicated by the yellow arrow can be followed.
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What is Arbitrum (ARB)? What are its features?
Arbitrum is a Layer 2 scaling solution designed to improve the scalability of #Ethereum . Arbitrum aims to significantly increase transaction speed and transaction fees while maintaining the security and compatibility of Ethereum.
Arbitrum uses #rollup technology. Rollup is a technology that aims to improve scalability by removing transactions from Ethereum's main chain and transferring them to a subsidiary chain. Arbitrum is a type of rollup known as Optimistic Rollup.
Arbitrum's main features are:
High scalability: Arbitrum can process more than 10,000 transactions per second. This is much higher than Ethereum's main chain.
Low transaction fees: Trading fees on Arbitrum are usually less than $0.00001 per second. This is much lower than transaction fees on Ethereum's main chain.
Security: Arbitrum maintains the security and compliance of Ethereum.
Arbitrum is used as a platform for various dApps (decentralized applications). Some of the dApps currently running on Arbitrum include:
Uniswap: A decentralized exchange
SushiSwap: A decentralized exchange
Aave: A decentralized lending platform
Curve: A liquidity pool protocol
Arbitrum is one of Ethereum's most popular #Layer2 scaling solutions. Arbitrum is expected to play a significant role in improving Ethereum's scalability.
Arbitrum's risks and returns from an investment perspective should also be considered. Since Arbitrum is still an emerging technology, its price can be quite volatile. Therefore, it is important to carefully evaluate the risks before investing in Arbitrum.
The main benefits of Arbitrum are:
High scalability: Arbitrum can process more than 10,000 transactions per second. This is much higher than Ethereum's main chain. This allows dApps to reach more users and transaction volume.
Low transaction fees: Trading fees on Arbitrum are usually less than $0.00001 per second. This is much lower than transaction fees on Ethereum's main chain. This enables users to use dApps by paying less.
Security: Arbitrum maintains the security and compliance of Ethereum. This ensures that users' data and assets are safe.