ARB(Arbitrum) from Arbitrum will be available for trading on Bitazza on March 24, 2023! (ARB/THB)
ARB is the Arbitrum ecosystem’s utility token that is critical to system administration and security. The system’s validator places ARB token stakes and performs the task of processing and validating transactions in the Arbitrum Rollup. Validators are rewarded for monitoring and protecting network security.
Arbitrum is a layer 2 protocol on the Ethereum network that extends the network. speed up and the performance of dApps built on Ethereum. As the number of users and transactions on Ethereum increases, the network has to handle high traffic. slower transactions And higher fees, Arbitrum fixes with Optimistic Rollups to calculate smart contracts. Off-chain but still maintain the security of the Ethereum mainnet. This new method will reduce transaction fees and reduce throughput. and make the user experience better.
The main innovation of Arbitrum is its unique consensus system mechanism. It utilizes off-chain validators to process and confirm transactions. Instead of executing all transactions on the mainnet which can be slow and expensive. Arbitrum’s validators validate off-chain transactions, reducing the computational burden on the mainnet. The proof code displays the total amount of transactions sent to Ethereum mainnet to ensure that the transaction is secure and has not been tampered with.
Arbitrum, a growing blockchain ecosystem By providing greater scalability and a cost effective platform for dApps, Arbitrum is able to attract new users and developers. to help drive innovation in a decentralized world even further
Ethereum continues to develop and expand its capabilities. As well as its role, Layer 2 solutions like Arbitrum are becoming the main force in maintaining network reliability and spurring its long-term success.
*Reference data from: https://arbitrum.io/
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