Get to Know the Attention-Stealing Layer-2 Project Arbitrum

Arbitrum is a Layer-2 solution with Optimistic Rollup technology that is currently gaining popularity on the Ethereum network.

Layer-2 allows the Ethereum network to increase transaction efficiency and speed, as well as reduce high transaction fees.

This article discusses Arbitrum in its entirety.

What is Arbitrum?

Arbitrum is one of the Layer-2 solutions built on the Ethereum network. Layer-2 allows the Ethereum network to increase transaction efficiency and speed, as well as reduce high transaction fees.

Arbitrum was developed by Offchain Labs, a technology company focused on developing Layer-2 solutions to increase the efficiency and speed of transactions in blockchain networks.

Arbitrum uses Optimistic Rollup technology, which is one of the most popular types of rollups on the Ethereum network. In Optimistic Rollup, transactions are executed outside the main blockchain and are considered valid unless proven otherwise.

This enables fast and efficient transaction processing, while maintaining high security and decentralization.