What is arbitrum & how does it work?

Hi! Arbitrum is a technology suite designed to scale Ethereum. You can use Arbitrum chains to do all things you do on Ethereum — use Web3 apps, deploy smart contracts, etc., but your transactions will be cheaper and faster. Our flagship product — Arbitrum Rollup — is an Optimistic rollup protocol that inherits Ethereum-level security.

How do I transfer ETH to arbitrum?

Between 50,000 and 100,000 transactions per day are processed, and Arbitrum has almost $1.5 billion in total value locked. Connect to the official Arbitrum Bridge. Transfer ETH to Arbitrum. Add the Arbitrum network to your wallet. Access the DApps on Arbitrum through the Arbitrum One Portal.

How to buy Arb on a decentralized exchange?

Buying ARB on a decentralized exchange is pretty straightforward. The first step is to send your $ETH from the Layer 1 blockchain, Ethereum to Arbitrum via a bridge. Once you bridge your assets to it, you can use Sushiswap, an Arbitrum-based exchange, to convert your Ethereum to $ARB via its user-friendly swap interface.

Will arbitrum be cheaper than ETH?

Fees charged by Arbitrum will be paid in ETH and the development team expects a reduction of around 50 times the usual fees paid per transaction on layer-1. This means that it should be cheaper to run Arbitrum smart contracts than to run them on the ETH mainnet directly.