What is Arbitrum?
Arbitrum is a project that uses Zk Rollup to record transactions on the Ethereum chain, they are implemented on the Sidechain in order to solve some of the shortcomings of the current Ethereum smart contract. Specifically, the Arbitrum project will provide a solution to improve the transaction processing speed and scalability of smart contracts on Ethereum , while adding security features to enhance the user experience. use.
EVM compatibility : Arbitrum gains compatibility with the EVM virtual machine system, allowing programming languages such as Solidity and Vyper to switch languages. This will make it easier for project developers to deploy decentralized financial applications on Arbitrum.
Low Transaction Costs : Thanks to the scaling solution Zk Rollup, Arbitrum not only provides a solution to improve transaction processing speed on Ethereum but also helps to reduce the cost per transaction.
Fair Launch : Arbitrum launched the testnet in October 2020. The project then released the mainnet version at the end of August. Arbitrum will allow all projects to be able to develop on the mainnet of this platform. .
No Token Issue: Unlike many other projects, Arbitrum does not have its own utility token.
Development Ecosystem : Arbitrum has partnerships with many decentralized financial applications on Ethereum such as Loopring, Uniswap , DODO…
Development team
Arbitrum is run by Professor Ed Felten and associates such as CEO Steven Goldfeder and CTO Harry Kalodner.
Arbitrum development team .
Investors and partners
Arbitrum has attracted a number of well-known partners such as Uniswap and Chainlink. In addition, Arbitrum is invested by many famous funds such as Lightspeed Venture Partners, Coinbase Ventures, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital and Alameda Research.
Outstanding projects that have been integrated with Arbitrum are The Graph, Truffle Suite, Hardhat, Ethescan, Brownie…
Some of the projects in which Arbitrum supports.
About Arbitrum's Wallet will support wallets such as Coinbase Wallet, Debank, Dekey, Go Pocket, Loopring, Mathwallet...
Arbitrum has supported building a number of DeFi products such as: Arbiswap, AARBE, FakerDAO...
Bridge
Some typical projects in the bridge array that Arbitrum supports to build are Anyswap, Celer Cbridge, Connext...
Some Bridge projects.
Above is the basic information about the Arbitrum project. Immediately after the mainnet launch, more than 250 projects registered to launch on the Arbitrum network. This has partly demonstrated the potential of the Arbitrum project. In addition, Arbitrum has raised US$124 million in capital, which is expected to be used by the project to attract more personnel and focus on developing the research and development team. Therefore, in the future, Arbitrum is likely to develop more new features.
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