Arbitrum is a Layer 2 scaling solution for Ethereum that uses optimistic rollups to enable faster, cheaper, and more scalable transactions. This allows developers to build and deploy decentralized applications (DApps) as they would on Ethereum but with lower fees and faster confirmations for users.
What is Arbitrum?
Arbitrum is a set of Ethereum scaling technologies built on the Arbitrum Nitro technology stack. The network uses optimistic rollups to execute transactions off-chain, bundling them together and publishing the summary on Ethereum. These results are considered valid unless challenged, in which case Ethereum verifies the disputed transactions.
The Arbitrum package includes:
Arbitrum One: a public rollup chain that implements the Arbitrum Rollup protocol, where all transaction data is published on Ethereum for the highest level of trust.
Arbitrum Nova: a public AnyTrust chain that implements the Arbitrum AnyTrust protocol, which stores transaction data off-chain with a Data Availability Committee (DAC) to reduce fees.
Arbitrum Orbit Chains: fully customizable chains that can operate as Layer 2 networks (connecting to Ethereum) or Layer 3 networks (connecting to another L2), tailored to specific performance, governance, and cost requirements.
How Arbitrum works...(read👇🏻 below in the official article) $ARB $BNB $SOL #Binance #Psy_Trade