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About Arbitrum

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donatello2.3 K2 years agoHive.Blog2 min read

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Dear crypto lovers

I do not provide personal investment advice and I am not a qualified licensed investment advisor but I know about crypto (since 2009).

Arbitrum is a Layer 2 scaling solution for Ethereum, designed to improve the speed and efficiency of transactions on the Ethereum network. It is developed by Offchain Labs and uses a technology called Optimistic Rollups.

Optimistic Rollups is a layer 2 scaling solution that bundles a large number of transactions into a single batch, which is then verified on the Ethereum blockchain. This allows for faster transaction speeds and lower fees compared to on-chain transactions.
Arbitrum uses a unique approach called "sequencing" to optimize the processing of transactions. This approach allows for the parallel processing of transactions, which improves efficiency and reduces latency.

One of the key advantages of Arbitrum is its compatibility with the Ethereum Virtual Machine (EVM), which means that it can support all of the same smart contracts and applications as the Ethereum network. This allows developers to easily migrate their applications to Arbitrum and take advantage of its improved scalability and lower costs.

Arbitrum is an exciting development for the Ethereum ecosystem and is expected to play a key role in the future of decentralized finance (DeFi) and other Ethereum-based applications.

Our community has several tokens:
https://www.mintme.com/token/Dance-and-music
https://www.mintme.com/token/learn-a-language

https://upvu.org/@danceandmusic/engine

If you like to support my music, please have a look at https://www.mintme.com/token/donatello.

Have a great day!

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