Arbitrum (ARB) is a cutting-edge solution designed to address the scalability challenges faced by the Ethereum blockchain.
Key Takeaways
Arbitrum (ARB) is a Layer-2 scaling protocol designed to enhance Ethereum's scalability by increasing transaction processing capacity and reducing costs.
The protocol utilizes optimistic rollups technology, which involves batching transactions off-chain, generating fraud proofs, and settling the transactions on Ethereum.
The native ARB token is used for governance, staking, and paying transaction fees on Arbitrum.
As of December 5th, 2024, there are 4,097,359,817 ARB tokens in circulation, with a current price of $1.15 and a market capitalization of $4,737,767,806.
Several exchanges offer ARB, including Binance, Bybit, and Coinbase.
Whether Arbitrum (ARB) is a good investment ultimately depends on your risk tolerance and goals.
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