ARB is the native governance token of the Arbitrum ecosystem, granting holders the ability to influence key decisions and policies. Token holders can participate in governance by voting on protocol changes, project funding, and other proposals that impact Arbitrum. Additionally, ARB is used to incentivize the community and support the growth of projects built on Arbitrum. With the ARB token, users can actively contribute to shaping the future of the ecosystem.
Arbitrum employs Optimistic Rollups, a technology where transactions are processed off-chain and then aggregated and sent back to Ethereum for validation. This approach enables fast and cost-effective transactions without compromising security. Security is maintained by allowing validators to review and challenge fraudulent transactions within a specific timeframe. The platform supports Ethereum’s developer tools and smart contracts, making it seamless for dApps to integrate into the Arbitrum network.
Why does Arbitrum exist?
Arbitrum exists to address Ethereum’s scalability challenges and provide users with a faster, cheaper, and more efficient blockchain experience. By reducing gas fees and increasing network capacity, Arbitrum enables more people to benefit from decentralized applications. The platform’s vision is to create a more accessible and inclusive future for Ethereum and its global community.
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Website: https://arbitrum.foundation/
Documentation: https://docs.arbitrum.io/welcome/get-started