Australian Cryptocurrency Exchanges Coinspot and Swyftx have rushed to list the Arbitrum Token. Amidst the excitement for the token local Australian Exchanges scrambled to list ARB.
Arbitrum is a technology that helps speed up and make Ethereum more efficient. It does this by using optimistic rollups, which help improve speed, scalability and cost-efficiency. The technology moves a lot of the work off the main Ethereum network, which means
it can handle more transactions and keep fees low.
Arbitrum has its own token called ARB which is used for voting on important decisions about how the technology should be developed. It also has a team of developers who are working on expanding its capabilities, including launching a layer-three solution called
Orbit, allowing developers to write code in different programming languages, and more.
The founders of Arbitrum are computer science experts from Princeton University who have a lot of experience in cryptography and blockchain. The technology is also backed by a number of prominent investors.
One thing that makes Arbitrum unique is that it can work with existing Ethereum apps without requiring any code changes. It’s also very flexible, allowing developers to write code in different programming languages. Finally, Arbitrum is very decentralized,
which means it doesn’t rely on a single company or individual to work.
Arbitrum is becoming an increasingly popular choice for developers and users who want to use Ethereum more efficiently and cost-effectively.
