#Can Arbitrum (ARB) Reduce Costs?

[empresa-journal]

What Value can Arbitrum (ARB) achieve by Scaling Ethereum?

Arbitrum (ARB) became CoinMarketCap’s most trending cryptocurrency on 26 March 2023. Arbitrum’s ascent is interesting because it is a protocol that solves a problem with Ethereum, the most blockchain. Arbitrum is an effort to solve the blockchain scalability problem. Ironically, blockchain’s most attractive feature, security, creates this problem. To explain, blockchain’s heavy encryption limits…

[ashtonlanger]

Navigating the Crypto Craze: A Comprehensive Guide to Arbitrum Token

In the ever-evolving landscape of cryptocurrencies, one name that has gained significant attention is Arbitrum. As a protocol designed to enhance the scalability and efficiency of Ethereum, the Arbitrum token has sparked interest among investors and enthusiasts alike. In this comprehensive guide, we'll navigate through the intricacies of the Arbitrum token, exploring its purpose, functionality, and the potential impact it may have on the broader crypto space.

Understanding Arbitrum:

Arbitrum is not a standalone cryptocurrency but rather a layer 2 scaling solution for the Ethereum blockchain. Its primary objective is to address the scalability challenges faced by Ethereum, providing faster and more cost-effective transactions while maintaining compatibility with existing Ethereum smart contracts.

How Does Arbitrum Work?

Arbitrum achieves its scalability improvements by employing a layer 2 scaling approach known as Optimistic Rollup. In simple terms, Arbitrum processes most transactions off-chain and then submits a summary of those transactions to the Ethereum mainnet. This significantly reduces the burden on the Ethereum network, resulting in faster and cheaper transactions for users.

The Arbitrum Token (ARB):

The Arbitrum token, denoted as ARB, plays a crucial role within the Arbitrum ecosystem. ARB is used to facilitate the operation of Arbitrum chains, serving as both a utility and governance token. Holders of ARB may participate in the governance of the protocol, influencing key decisions related to upgrades and improvements.

Key Features and Advantages:

Scalability: The primary advantage of Arbitrum is its ability to dramatically improve the scalability of the Ethereum network. By processing transactions off-chain and only submitting a summary to the Ethereum mainnet, Arbitrum reduces congestion and enhances overall network performance.

Compatibility: One of Arbitrum's strengths is its compatibility with existing Ethereum smart contracts. Developers can migrate their decentralized applications (DApps) seamlessly to Arbitrum, taking advantage of its scalability benefits without the need for extensive modifications.

Cost Efficiency: Users benefit from reduced transaction fees on the Arbitrum network compared to the Ethereum mainnet. This makes it an attractive option for individuals and projects looking to optimize costs while maintaining the security and decentralization provided by the Ethereum network.

Decentralized Governance: ARB holders actively participate in the governance of the Arbitrum protocol. This decentralized decision-making process ensures that the community has a say in the evolution of the protocol, fostering a sense of ownership and collaboration.

Potential Risks and Considerations:

Security Concerns: While layer 2 solutions like Arbitrum aim to enhance scalability, there are inherent risks associated with security. Users should stay informed about the security measures in place and any potential vulnerabilities that may arise.

Regulatory Landscape: As with any cryptocurrency, the regulatory environment can impact the adoption and use of Arbitrum. Users should be mindful of regulatory developments in their respective jurisdictions.

Conclusion:

The Arbitrum token represents a significant development in the ongoing efforts to address scalability issues within the Ethereum network. As users explore the potential benefits of faster and more cost-effective transactions, it's essential to stay informed about the features, advantages, and potential risks associated with Arbitrum. As the crypto landscape continues to evolve, the role of layer 2 scaling solutions like Arbitrum may become increasingly prominent, shaping the future of decentralized finance (DeFi) and blockchain applications.

[cryptotechnews24]

Polygon (MATIC) Mounts Comeback with Anticipated Polygon 2.0 Upgrade

Polygon (MATIC) has made a remarkable comeback in the cryptocurrency landscape, surpassing expectations and garnering attention from investors. With a strong performance, MATIC has outperformed major cryptocurrencies like Bitcoin (BTC) and Ether (ETH). Behind this resurgence lies the anticipation surrounding the eagerly awaited Polygon 2.0 upgrade. In this article, we will delve into the reasons behind MATIC's success and explore the potential impact of the Polygon 2.0 upgrade on the cryptocurrency market. Join us as we unravel the exciting developments surrounding Polygon (MATIC).

Polygon (MATIC) Mounts Comeback with Anticipated Polygon 2.0 Upgrade

Polygon (MATIC) is making a strong comeback this month, showcasing impressive performance after a period of underwhelming results. As of Tuesday afternoon, the native token of the Ethereum scaling network has surged by 12% in July. In contrast, Bitcoin (BTC) remains relatively unchanged, while ether (ETH) has experienced a slight decline of 3.2%. During the same period, cryptocurrencies associated with layer-2 solutions, namely Arbitrum (ARB) and Optimism (OP), have faced setbacks with respective losses of 3.5% and 8.9%. The resurgence of MATIC can be attributed to growing speculation surrounding a significant network upgrade called Polygon 2.0, as noted by a research report from FalconX. David Lawant, Head of Research at FalconX, expressed his views on the matter, stating, "The Polygon upgrade is currently the most important technical announcement within the industry. We anticipate MATIC's increasing competitiveness against its counterparts as the market gains further insights into the upgrade roadmap."

MATIC has experienced a prosperous month in July

July has indeed proven to be a prosperous month for MATIC, with the cryptocurrency demonstrating promising performance. The Polygon 2.0 upgrade aims to provide "unlimited scalability and unified liquidity, powered by Zero-Knowledge technology," as outlined in the project's roadmap. Polygon Labs, the leading entity behind Polygon, has collaborated extensively with developers, researchers, node operators, validators, and other stakeholders throughout the process of realizing Polygon 2.0. The upgrade will be implemented in multiple phases, with the initial phase focused on establishing a "value layer" that mirrors the functioning of the rest of the internet. This strategic move aims to enhance overall scalability and transaction throughput while reducing costs through architectural overhauls, including the integration of a validium. Additionally, Polygon 2.0 intends to revamp tokenomics and governance processes, as highlighted by FalconX's research report. Despite the recent surge, MATIC still has ground to cover when compared to its peers in the market. While MATIC showcased resilience and outperformed most cryptocurrencies following the FTX scandal in November of last year, it has experienced a 3.2% decline year-to-date. This underperformance stands in contrast to BTC, ETH, ARB, and solana (SOL), which have all achieved gains of over a third during the same period.

Conclusion

In conclusion, Polygon (MATIC) has gained significant momentum in July, fueled by anticipation surrounding the Polygon 2.0 upgrade. As the cryptocurrency market eagerly awaits further details of this transformative update, MATIC aims to close the gap with its competitors. With its vision for enhanced scalability, improved tokenomics, and governance processes, Polygon is poised to cement its position as a leading player in the industry. For more articles visit: Cryptotechnews24 Source: blockworks.co

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[thesecrettimes]

ProBit Global Exclusive Presents Arbitrum’s New ARB Token at 50% off

PRESS RELEASE. The Next Link In Blockchain Has Arrived. Launched in 2021, Arbitrum takes the exceptional security of Ethereum one step further with a class-leading Layer 2 solution that solves many of the scalability issues associated with Layer 1 chains. As ProBit Global’s latest listing, the exchange is excited to offer its users a time-limited 50% discount on ARB, the newly minted governance token of Arbitrum. Some of Arbitrum’s major advantages include its lower operating costs, rapidly expanding dApp ecosystem and wide suite of developer tools. A Layer 2 Solution Set To Dominate By executing transactions off-chain, Arbitrum is able to offer lower gas fees than Ethereum, while also reducing load on the Ethereum mainnet. This is also one of the key reasons for Arbitrum’s superior TPS processing, with the network recently surpassing Ethereum in total transactions processed. Using highly efficient rollups enables developers to easily create scalable dApps, while shuttling smart contracts between Arbitrum and the Layer 1 chain ensures an enhanced level of fraud-proofing and security. The Arbitrum network has had significant buy-in from developers, thanks in large part to factors such as EVM (Ethereum Virtual Machine) compatibility. Developers familiar with Ethereum programming do not need to master a new language before building on Arbitrum, as a variety of languages can be compiled EVM. Smart contracts can easily be migrated to Arbitrum from Ethereum without having to be re-written. Another feather in the Arbitrum network cap is its interoperability: the Layer 2 chain offers support for 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 supremely versatile protocol. As the largest Layer 2 chain on the Ethereum network, Arbitrum boasts a TVL (total value locked) of $3.8 billion, and at 55%, holds a decisive majority of Layer 2 market share. ARB Token Launch: An Exciting Future Ahead The launch of Arbitrum’s ARB governance token marks the beginning of a new chapter for a project that is set to dominate the Layer 2 landscape. With the introduction of its native ARB token, Arbitrum will place power in the hands of its community to vote on changes affecting the network and management of Arbitrum at large. Given that much of the Arbitrum network’s post-launch growth has been organic, the broad adoption and interest amongst crypto enthusiasts and developers bodes well for the growth and success of the Arbitrum ecosystem. ARB is poised to propel the Arbitrum blockchain into the next era. ProBit Global is thrilled to announce an Exclusive Event for users looking to claim a stake in this next-gen Layer 2 protocol. Offering ARB at 50% discount, users have access to a maximum of 10,000 USDT worth of ARB allocations by subscribing with PROB token. The event runs for only a week, so don’t miss this amazing opportunity. Purchase ARB at 50% OFF starting from March 28 (UTC 2:00) up to April 3, 2023 (UTC 2:00), only at ProBit Global! ABOUT PROBIT GLOBAL: Founded in 2018, ProBit Global is a Top 20 cryptocurrency platform featuring access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 2,000,000 active users, globally. With a powerful crypto trading interface, easy integration for automated crypto trading bots, fiat on-ramp support for 45 currencies, and a multilingual website in 46 languages, ProBit Global has all the features to make your cryptocurrency trading experience easy. To learn more, visit probit.com. ProBit Global Telegram: https://t.me/ProBitGlobalOfficial DISCLAIMER: The information provided on this website is for informational purposes only and does not constitute financial advice. ProBit Global is not responsible for any losses or damages arising from the use of this website or any of the information contained herein. Trading in cryptocurrencies carries a high level of risk and may not be suitable for all investors. We strongly recommend that you seek independent financial advice before making any investment decisions.     This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Read the full article