Bridge - Arbidex
Arbitrum is built on top of the Ethereum blockchain and uses its security. Its goal as a scaling solution is to solve the high cost of transactions on Ethereum and boost transaction speeds.
Last updated
Arbitrum is built on top of the Ethereum blockchain and uses its security. Its goal as a scaling solution is to solve the high cost of transactions on Ethereum and boost transaction speeds.
Last updated
Arbitrum is a layer-2 blockchain that facilitates a better user experience on Ethereum. It ensures a cheaper and faster throughput while leveraging Ethereum’s security.
Offchain Labs – a team of reputable engineers with diverse backgrounds behind the protocol. Ed Felten, Harry Kalodner, and Steven Goldfeder founded Offchain Labs in 2018. The New York-based company researches various technological possibilities to enhance Ethereum performance and throughput. There are mainly two reasons why so many developers choose the Arbitrum network: faster transaction processing and lower transaction fees.
Faster Transaction Processing. Today, Ethereum network operate under 15 to 20 TPS, a relatively low figure. The Arbitrum network presents a viable tech stack to skyrocket the performance of Ethereum. Analysis shows that it can conveniently process around 40,000 TPS.
Lower Transaction Fees. A significant percentage of validators need to confirm the genuineness of a transaction before it can go through on Ethereum. This results in massive backlog in the mempool, with only a small slot being processed per instance. Hence, some traders often add additional fees to their usual gas fees, driving the cost of Ethereum transactions.
