Arbitrum is a project that aims to solve one of Ethereum's main problems: scalability. Ethereum, while a powerful smart contract platform, often suffers from high fees and slow transaction times, especially when the network is congested.
Arbitrum solves this problem with a technology called
"rollups". The idea behind rollups is that most of the computation and data storage can be done off the main
Ethereum network, and the results are only returned to the network for final confirmation. This makes transactions faster and cheaper.
When you use Arbitrum, your transactions are processed on the "second layer", which avoids congestion on the main
Ethereum network. At the same time, Arbitrum maintains high security due to the fact that the final data and transaction results are verified on the main
Ethereum network.
This project is especially interesting for users of decentralized applications and NET, as it can significantly reduce transaction costs and improve the overall performance of the
Ethereum platform. This makes it an important step towards more accessible #arbirtum #ETH #binance $ARB #blockchains #CryptoLemonadeSummer