ARB
Ethereum, one of the most popular blockchain networks, is naturally a very busy network.
Ethereum is also the most popular DeFi platform and hosts a large number of smart contracts. Network congestion also prevents smart contracts from working properly. It was developed to solve these problems.
Arbitrum (ARB) is a Layer-2 scalability solution for the Ethereum (ETH) blockchain network. Essentially a roll-up technology, Arbitrum eliminates privacy and scalability issues for Ethereum smart contracts. Arbitrum users can create Ethereum smart contracts by paying lower transaction fees and experiencing less network congestion.
Today, thousands of decentralized applications and more smart contracts are running on the Ethereum network. This inherently leads to congestion and scalability issues on the Ethereum network. Transaction fees increase, transaction speeds slow down. Arbitrum, on the other hand, provides solutions to these problems using roll-up technology
Arbitrum provides scalability, which can be defined as “increasing transaction output and reducing transaction processing costs”, with rollup technology.
Rollup refers to the process of clustering transactions that are moved outside the main chain after they are performed. The clustered transactions are recorded on the mainnet as a cluster, not as a single transaction.
Optimistic is a type of rollup. It focuses on reducing the space used to create blocks. “Only the necessary data” of the transactions performed on Arbitrum are recorded on the Ethereum mainnet.
Arbitrum is a project developed by Offchain Labs. The founders of Offchain Labs are: Ed Felten, Steven Goldfeder, Harry Kalodner.
Market Value 1.9 B dollars
Circulating Supply 3.62 B ARB
Maximum Supply 10 B. ARB
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