What is Arbitrum?

Arbitrum is a layer-2 scaling solution that operates on the Ethereum blockchain. This solution increases the transaction speed of the Ethereum network and makes it more efficient. Arbitrum is designed for decentralized applications (dApps) and uses smart contracts on Ethereum. It consists of two main components: the Arbitrum Chain and the Arbitrum Bridge. The Arbitrum Chain is an independent chain from the Ethereum network and can connect to the Ethereum Chain. The chain can handle many Ethereum Chain transactions and verifies transactions through the Arbitrum Bridge, which serves as a bridge to communicate with the Ethereum Chain. Arbitrum uses a scaling solution called Optimistic Rollup, which allows transactions to be processed on a local chain before being verified on the blockchain. Later, these transactions are included in the next Ethereum block. It has great potential for scalability and usability of decentralized applications (dApps). This protocol can prevent congestion on the Ethereum network and attract more users and dApps by reducing transaction fees and increasing transaction speed. You can use decentralized applications such as Aave, 1inch, or Gnosis Safe through the token bridge of Arbitrum directly or through a decentralized application. After connecting your wallet to the token bridge, you can deposit money into the Arbitrum network. It takes about 10 minutes for the deposit to clear. Arbitrum provides a solution to scalability issues on the Ethereum network, enabling Ethereum to handle more transactions and accelerating the development of decentralized applications. Therefore, Arbitrum has an important place in the Ethereum ecosystem, and it is expected to become more widespread in the future.

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