Arbitrum, a layer-2 solution, boosts Ethereum's speed and scalability using optimistic rollups and its native token ARB for governance.
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Arbitrum is a layer-2 solution aimed at improving Ethereum smart contracts by increasing speed, scalability, and privacy features. It employs optimistic rollups to enhance transaction speed, scalability, and cost-efficiency on Ethereum. Benefiting from Ethereum’s security and compatibility, Arbitrum also offers higher throughput and lower fees compared to Ethereum. This is achieved by shifting most computing and storage tasks off-chain. Users can perform all the activities they do on Ethereum—such as using Web3 applications and deploying smart contracts—on Arbitrum chains, with faster and cheaper transactions. The main product, Arbitrum Rollup, is an optimistic rollup protocol that provides security comparable to Ethereum. Arbitrum’s native token, ARB, is used for governance. Offchain Labs...
As of now, ARbit is trading at 0.000858 USD, with a 24-hour trading volume of approximately 0 USD. The ARB to USD price is updated in real time. Over the past 24 hours, ARbit has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 0 ARB in circulation out of a maximum supply of 10 830 050 ARB.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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