Continuation on Layer 2 – $ARB
*WHAT IS PROMISED IS DEBT*
What is $ARB (Arbitrum)? Let me explain it simply
🔵 Arbitrum is a Layer 2 solution built on Ethereum to scale the network.
💡 What makes it special?
– It uses a technology called Optimistic Rollups.
– It groups many transactions and processes them off of Ethereum.
– Then, it sends a summary (rollup) to Ethereum.
🚀 Advantages?
– Fast transactions and much cheaper 💸
– Compatible with Ethereum smart contracts
🔐 $ARB is its governance token. What does that mean? You can vote on ecosystem decisions if you have it.
💬 Have you used Arbitrum or do you have $ARB? Share your experience with me 👇
