What is ARB Token Price and How to Predict Arbitrum Price?
What is Arbitrum? Arbitrum is a layer 2 scaling solution for Ethereum that aims to significantly improve the network's transaction throughput and reduce gas fees. It is a project by Offchain Labs, a startup co-founded by Ed Felten, who is a former White House deputy CTO. Layer 2 scaling solutions are built on top of existing blockchain networks like Ethereum. They work by moving transactions off the main blockchain to a secondary network, where they can be processed faster and at a lower cost. Arbitrum uses a technology called Optimistic Rollups to achieve this. Optimistic Rollups are a type of sidechain that aggregates and compresses multiple transactions into a single block, which is then submitted to the main Ethereum blockchain for verification. This enables a significant increase in transaction throughput while maintaining the security and decentralization of the underlying blockchain network. Arbitrum allows developers to create decentralized applications (dApps) that can b...