Arbitrum

About

Arbitrum is a Layer 2 scaling solution designed to enhance the performance of the Ethereum blockchain. It utilizes optimistic rollups, a technology that processes transactions off-chain and submits them to the Ethereum mainnet in batches. This approach significantly increases transaction throughput and reduces costs, making it more accessible for users. Arbitrum supports Ethereum Virtual Machine (EVM) compatibility, allowing developers to deploy existing Ethereum smart contracts without modifications. Arbitrum's ecosystem includes several key components: sequencers for batching transactions, fraud proofs for resolving disputes, and validators for ensuring the integrity of the network. It offers high scalability, security, and developer-friendly features, making it an attractive solution for decentralized applications (dApps). Arbitrum's technology suite includes various chains like Arbitrum One and Nova, each with unique features to cater to different needs in terms of security and cost.