🔵 We are looking forward to the Arbitrum project at the moment
He might be the new rising star.
🔵 Arbitrum $ARB
Arbitrum is a layer 2 scaling solution for Ethereum.
It is built on top of Ethereum and aims to increase its transaction throughput and reduce its gas fees.
Arbitrum uses a technology called Optimistic Rollups, similar to what Optimism uses, to process transactions off-chain and then periodically commit batches of these transactions to the Ethereum mainnet.
This allows for faster and more efficient processing of transactions while maintaining the security and trustlessness of the Ethereum network.
One of the benefits of Arbitrum is that it is fully compatible with existing Ethereum smart contracts, which means that dApps can easily migrate to it without having to make significant changes to their code.
This makes it easier for developers to adopt and implement the technology.
Overall, Arbitrum is one of several layer 2 scaling solutions being developed for Ethereum that have the potential to significantly improve its scalability and usability, making it more accessible to users and developers.
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