Arbitrum
Arbitrum company profile covering its overview, platform features, and team.
arbitrum.ioFounded 2018
About
Arbitrum is an advanced Ethereum Layer 2 (L2) scaling solution designed to make blockchain usage faster and cheaper, with an emphasis on low gas fees, high-speed transactions, and a more scalable configuration for Web3 applications and decentralized apps (dApps). Arbitrum, based on Optimistic Rollup technology, improves Ethereum efficiency while maintaining security and decentralization. Offchain Labs created it to help relieve congestion on the Ethereum mainnet. Offchain Labs developed it to offer users faster, cheaper, and more efficient blockchain transactions than the Ethereum mainnet. Key Features of Arbitrum: • Supports popular tools like Solidity, Hardhat, Truffle, and Remix, making it simple to create dApps. • Capable of processing many more transactions than Ethereum, which improves network efficiency and user experience. • Ethereum acts as the settlement layer, ensuring strong security with Optimistic Rollup technology. • Compatible with EVM, allowing developers to quickly migrate smart contracts without changing their code.
Team (1)
FAQs
- ARB is Arbitrum's native token, used for governance purposes.