CRYPTOPROJECTS

ARB

ARBITRUM

Arbitrum is a rollup chain built to enhance Ethereum's scalability by consolidating multiple transactions into a single transaction, alleviating congestion on the Ethereum network. As a layer 2 solution, Arbitrum processes transactions off-chain before submitting them to the Ethereum mainnet, enabling quicker and more cost-effective transactions while maintaining Ethereum's security and decentralization.

The platform's native token, ARB, facilitates transaction fee payments and governance within the Arbitrum network. ARB holders can engage in protocol decision-making processes, such as proposing and voting on upgrades or changes.

With the rising demand for Ethereum-based activities, solutions like Arbitrum play a vital role in addressing scalability challenges and improving the efficiency of the Ethereum ecosystem.