What Is Arbitrum? Arbitrum is a layer-two blockchain for Ethereum using optimistic rollups as scaling technology. It processes transactions on its proprietary sidechain and relays the new chain state to the Ethereum mainnet.
Can you use arbitrum instead of Ethereum?
People can use Arbitrum to carry out everything they would do using Ethereum. For instance, you can deploy smart contracts and use Web3apps on Arbitium just like you would on Ethereum. The upside of using Arbitrum instead of Ethereum is that the transactions are both cheaper and faster.
What is arbitrum rollup?
To achieve high performance, Arbitrum has incorporated its flagship product, the Arbitrum Rollup. This Optimistic rollup solution is deeply rooted in the security and privacy of the Ethereum network, which is trustless and permissionless. This also makes Arbitrum trustless and permissionless.
What is arbitrum and how does it work?
Arbitrum has been in the news a lot recently with their surprise Main Net launch on May 28th. It’s an Ethereum network-based Layer 2 scaling solution being developed by Offchain Labs. So what does all that mean? Well, let me break that down for you before we take a look at the Arbitrum project. It’s really not that complicated.
