Arbitrum is a layer 2 solution aimed at enhancing the performance of Ethereum smart contracts by increasing their speed, scalability, and privacy. This platform enables developers to effortlessly run unaltered Ethereum Virtual Machine (EVM) contracts and Ethereum transactions on a second layer while maintaining the robust security of Ethereum's layer 1.
The solution addresses some of the limitations of existing Ethereum-based smart contracts, such as low efficiency and costly executions, which have negatively impacted user experience and often made transactions expensive.
The ARB crypto token serves as a governance tool within the Arbitrum DAO. Token holders can partake in decentralized governance decisions that are automatically implemented on-chain once approved.
Arbitrum crpyto is an example of optimistic rollup technology, which allows Ethereum smart contracts to scale by facilitating communication between smart contracts on the Ethereum main chain and those on the Arbitrum second layer chain. The majority of transaction processing occurs on the second layer, and the outcomes are recorded on the main chain, significantly improving speed and efficiency.
How To Buy Arbitrum or Add it to your Strategy
The fastest, most convenient way to purchase Arbitrum is to purchase it on ICONOMI. We check Arbitrum live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Arbitrum by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Arbitrum is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Arbitrum, we recommend you read the next section, as copying might be a better approach.
Add Arbitrum to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Arbitrum in their structure.
