What Is Arbitrum (ARB)?

Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is made possible thanks to moving most of the computation and storage load off-chain. Arbitrum’s native token is called ARB and is used for governance. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation and election of a Security Council. Arbitrum has an ambitious roadmap for 2023, which includes: Launching its own layer-three solution called Orbit; Enabling developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus; Expanding its validator set to include more independent institutional validators; Moving its protocol to layer two with Arbitrum One. On March 16, 2023, Arbitrum announced their highly anticipated airdrop of ARB. The token will be airdropped to early users and DAOs building on Arbitrum, with 12.75% of the total supply to be distributed. Recipients were rewarded on a point-based system depending on their interaction with the Arbitrum network until a cutoff date of March 1, 2023. The token generation event is on March 23, 2023.

Who Are the Founders of Arbitrum?

Arbitrum is developed by Offchain Labs, a New York-based development company. Its founders are Ed Felten, Steven Goldfeder and Harry Kalodner, former Princeton University researchers with years of experience in computer science, cryptography and blockchain. Ed Felten is a computer science professor at Princeton and served as President Obama’s Deputy CTO. He is the co-founder and Chief Scientist of Offchain Labs. Steven Goldfeder is a computer scientist and entrepreneur who received his Ph.D. from Princeton. He is also the co-founder and CEO of Offchain Labs. Harry Kalodner is a computer scientist and Ph.D. candidate at Princeton. He is also the co-founder and CTO of Offchain Labs. In 2021, Offchain Labs announced that it raised $120 million in its latest Series B funding led by Lightspeed Venture Partners, valuing it at $1.2 billion. Other prominent investors include Polychain Capital, Pantera Capital, Mark Cuban and more

What Makes Arbitrum Unique?

Arbitrum uses optimistic rollups to stand out from other scaling solutions for Ethereum. It claims to offer several advantages over other optimistic rollup solutions, such as: Compatibility: Arbitrum supports unmodified EVM contracts and transactions, meaning that any existing Ethereum DApp can run on Arbitrum without any code changes. Scalability: Arbitrum can handle thousands of transactions per second with low fees and fast finality, while maintaining the security guarantees of Ethereum. Flexibility: Arbitrum allows developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus, its upcoming EVM+ equivalence feature. Decentralization: Arbitrum does not rely on any centralized operator or sequencer to order transactions. Instead, it uses a decentralized network of validators who stake ARB tokens and earn fees for securing the network. Arbitrum also has a vibrant ecosystem of DApps, wallets, tools and partners that make it one of the leading scaling solutions for Ethereum. Some of the protocols that are available on the network include: GMX (GMX), Treasure (MAGIC), Camelot (GRAIL), Radiant Capital (RDNT), Vela Exchange (VELA), ZyberSwap (ZYB), Dopex (DPX), PlutusDAO (PLS), TridentDAO (PSI), Jones DAO (JONES) and more. The growth of the Arbitrum ecosystem can be seen from its total value locked (TVL) metric. According to DeFiLlama, Arbitrum's TVL reached a peak of $3.2 billion in November 2021 and currently stands at around $1.85 billion as of this writing. This makes it the highest TVL among all other Layer 2 ecosystems.

How Many Arbitrum (ARB) Coins Are There in Circulation?

ARB is the native governance token of Arbitrum. It will launch on March 23rd 2023, distributing 12.75% of the total supply of ARB tokens to eligible recipients and DAOs. The utility of the ARB token is to enable decentralized governance of the Arbitrum ecosystem. ARB holders govern the Arbitrum network by voting on governance proposals for the Arbitrum One and Arbitrum Nova chains. They can also influence how funds of the DAO treasury will be used. Governance proposals can include upgrades to the chain, changes to network parameters, allocation of grants and bounties, integration of new features and more. ARB does not work as a gas fee token like ETH does on the Ethereum network. Instead, the fees on Arbitrum are paid in ETH or any other ERC-20 token supported by DApps. This means that ARB holders do not need to spend their tokens to use Arbitrum services, but rather can stake them and earn fees for securing the network. The total supply of ARB tokens is fixed at 10 billion. The token allocation is as follows: Arbitrum DAO treasury: 42.78% (4.278 billion), Offchain Labs teams and advisors: 26.94% (2.694 billion), Investors: 17.53% (1.753 billion), airdrop to users: 11.62% (1.162 billion), airdrop to DAOs: 1.13% (113 million).

How Is Arbitrum Secured?

Arbitrum derives its security from the Ethereum network, which provides consensus and finality for Arbitrum transactions. In other words, Ethereum guarantees the validity of the rollup’s off-chain computation and data availability behind the computation. The use of optimistic rollups means Arbitrum executes transactions on the rollup outside of Ethereum, and bundle multiple transactions in a batch before submitting it to mainnet. As the term “optimistic” suggests, the off-chain transactions are assumed to be valid and no proof-of-validity is submitted. In case of a dispute, there is a time period after the rollup is submitted where anyone can challenge the transaction by submitting a fraud proof.

Where Can You Buy Arbitrum (ARB)?

ARB can be purchased on numerous centralized exchanges, including Binance, Coinbase, KuCoin, Bybit, Kraken, Bitfinex and more. It is also available for trading on decentralized exchanges like Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum) and SushiSwap (Arbitrum). Keep track of ARB live prices in real-time with the CMC mobile app.

What tools does Nimbus offer for effortlessly monitoring Arbitrum?

Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor Arbitrum effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to Arbitrum. Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking Arbitrum prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.

How does Nimbus enable tracking Arbitrum prices with profit and loss?

Nimbus facilitates the tracking of Arbitrum prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.

How does Nimbus analyze Arbitrum, and what insights does it provide?

Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting Arbitrum . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their Arbitrum. Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.

Trending News

US Stock Market Performance Overview: Key Index Insights from Tuesday, May 21, 2024 logo

US Stock Market Performance Overview: Key Index Insights from Tuesday, May 21, 2024

Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! “`html U.S. stock indexes continued their upward trajectory, setting new records in a subdued trading environment. Macy’s reported earnings that exceeded analyst expectations, contributing to the market’s positive momentum. “The market’s resilience is notable in the face of mixed economic signals,” […] Read more at COINOTAG.

CoinOtag EN

May 21, 2024

Bitcoin ATM Genişlemesi Durduruldu: BTC Ağı 10 Aylık Büyüme Sonrasında İlk Kez Düşüş Yaşıyor. logo

Bitcoin ATM Genişlemesi Durduruldu: BTC Ağı 10 Aylık Büyüme Sonrasında İlk Kez Düşüş Yaşıyor.

Bitcoin ATM’lerinin küresel sayısı sürekli bir artıştan sonra Mayıs 2024’te bir düşüş yaşayarak, 10 aylık büyüme serisini sonlandırdı. Bu azalma, küresel Bitcoin ATM pazarının en büyük payına sahip olan ABD’deki makinelerin kaldırılmasından kaynaklanmaktadır. “Bitcoin ATM’lerinin sayısında ani bir düşüş, piyasa dinamiklerini etkileyebilir, ancak bu necessarily Bitcoin’in finansal sağlığının doğrudan bir yansıması değildir,” diye bir finansal […]


May 21, 2024

Galaxy Digital Insider Reveals Potential SEC Move to Classify Ethereum (ETH) as a Security logo

Galaxy Digital Insider Reveals Potential SEC Move to Classify Ethereum (ETH) as a Security

Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! Alex Thorn, the Head of Research at Galaxy Research, speculated that the SEC could differentiate between Ethereum (ETH) and staked Ether, possibly classifying the latter as a security. He noted that this distinction could provide a regulatory loophole for approving spot […] Read more at COINOTAG.

CoinOtag EN

May 21, 2024

ARB Market Statistics

  • Price USD

  • Market Cap

  • Total Volume USD

  • Total Supply

    10,000,000,000.00 ARB
  • Circulating Supply

    2,653,939,384.00 ARB
  • Fully Diluted Market Cap

  • Socials

  • Official links

Join us to Maximize your Returns & Minimize your Risk

Gain access to all exclusive data, insight that can make your investment more joy