Arbitrum: What is This Cryptocurrency?
Arbitrum is a layer 2 scaling solution for Ethereum. It aims to enhance the scalability and speed of Ethereum by allowing more transactions to be processed off-chain.Arbitrum utilizes a unique mechanism to achieve high throughput, low latency, and minimal transaction fees. It achieves this by creating a separate execution layer that processes transactions off the Ethereum main chain.
This layer 2 solution is compatible with Ethereum\“s existing ecosystem, allowing developers to build decentralized applications that can handle high traffic without compromising on security.
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