What is Arbitrum? š¤
Arbitrum is a Layer 2 solution using optimistic rollup technology to supercharge Ethereum's performance! ā” It boosts Ethereumās security and reduces costs, making it perfect for decentralized apps (dApps) and smart contracts. š²š
Key Features of Arbitrum:
Scalability š: Processes transactions faster and at lower costs.Security š: Leverages Ethereum's robust security measures.Efficiency š: Reduces computational and storage loads.
Who Developed Arbitrum? š ļø
Developed by Offchain Labs, a blockchain R&D powerhouse for over 8 years! š” They also created products like Arbitrum Orbit, Stylus, and Nitro. š
Security & Audits š
Arbitrum undergoes continuous security audits by multiple independent firms to ensure its integrity and safety. ā š
On-Chain Activity š
Arbitrum's on-chain activity shows impressive growth with daily transaction fee revenues and an average of 39.05 transactions per second (TPS). šš
Bug Bounty Program š”ļø
Arbitrum runs a bug bounty program with a maximum payout of $2,000,000 to enhance security further! šš°
Join the Community š
With over 1 million followers on X (formerly Twitter), Arbitrum has a vibrant and engaged community. š¤š¬
