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What is Arbitrum (ARB)

Arbitrum (ARB) is a scaling solution supporting the Ethereum Network. Developed by New York-based company Offchain Labs, Arbitrum has transitioned into a DAO (decentralised autonomous organisation), allowing for cheaper and faster transactions.
 

• Arbitrum utilises Ethereum layer-2 scaling solutions and optimistic roll ups to achieve its goal of improving speed and scalability and cost-efficiency on the ETH network.
• With all of the Ethereum development tools available on Arbitrum, developers are able to create and launch dApps on Ethereum in a faster manner, with lower fees.
• ARB is the native token of the Arbitum DAO and is used as a governance token. Allowing holders to vote on proposals regarding the platform’s on-chain governance protocols.

Combining smart contract and optimistic rollup technology to support optimized scalability, Arbitrum claims to allow for 40,000 transactions per second. The Arbitrum ecosystem enters a new chapter as a DAO, empowering the community of ARB holders to control its future.

Watch the video here: https://youtu.be/unX07jrn3_8