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What is Arbitrum (ARB)?

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...

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