press release {/netabare}
PRESS RELEASE The next link in blockchain has appeared. Launched in 2021, Arbitrum takes ethereum’s superior security a step further with a best-in-class layer 2 solution that solves many of the scalability issues associated with layer 1 chains.25} Like ProBit Global’s latest publication , {We are pleased to announce that we are offering a 50% discount on ARB, Arbitrum’s Governance Token, for a limited time. Key benefits of Arbitrum include low operating costs, a rapidly expanding dApp ecosystem, and a broad suite of developer tools.
a set of Layer 2 solutions to govern.
Arbitrum can offer lower gas prices than ethereum by executing transactions off-chain, as well as reducing the load on the ethereum mainnet. This is also one of the key reasons for Arbitrum’s superior TPS processing, as the network has recently outperforming ethereum in total transaction throughputusing highly efficient rollups makes it easy for developers to create scalable dApps and shuttles smart contracts between Arbitrum and Layer 1 chains for an enhanced level of fraud prevention and security.
The Arbitrum network has gained significant support from developers, largely due to its EVM (Ethereum Virtual Machine) compatibility. Because a variety of languages can be EVM compiled, developers who are familiar with Ethereum programming do not need to master a new language before building on Arbitrum. Smart contracts can be easily migrated from Ethereum to Arbitrum without rewriting.
The layer 2 chain supports cross-chain transactions, allowing developers to create dApps with multiple use cases. Users can interact with other blockchains and exchange assets on Arbitrum, making it a very versatile protocol.
As the largest layer 2 chain in the Ethereum network, Arbitrum boasts a TVL (total value locked) of 63} $3.8 billion {/netabare} , and boasts a whopping 55% share of the Layer 2 market.
ARB token launch: an exciting future awaits
The launch of Arbitrum’s ARB Governance Token marks the beginning of a new chapter in the project’s quest to dominate the Layer 2 landscape: with the introduction of the ARB Token, Arbitrum will be able to make changes that affect the network and Arbitrum’s management with the power to vote on changes affecting the network and the management of Arbitrum will be placed in the hands of its community.
Given that much of the post-launch growth of the Arbitrum network has been organic, it has seen widespread adoption and interest among crypto enthusiasts.
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