X

Barbara from El Paso

Signed up at Wild IO Casino 31 minutes ago.

» Try Wild IO Casino too
Do not show again

Arbitrum (ARB) Review

Click to see screenshots
Arbitrum (ARB) is a layer 2 blockchain project whose aim is to enhance the Ethereum smart contracts in terms of scalability and speed. Its a native coin has a a total supply of 10 billion and the coin's launch is the most anticipated release in the crypto space in 2023. It also adds some privacy features to make it a lot better. With the platform, developers are able to execute the Ethereum Virtual Machine in its unmodified form and conduct transactions while enjoying the signature layer-1 security of Ethereum.

No rating available for new coins
Released on March 23, 2023, 1:00 pm
New Coin/Token Warning!
This is a new coin/token that has recently been released by its creators. Therefore there is often only very little information known about the founders and they have no history showing their intentions, which could be both good or bad. The risks related to buying this is extremely high. We never give any recommendations or advise on what you should buy or sell. All information on this page should be considered for education and informational purposes only. Never risk any money that you can not afford to loose. Speculating in crypto currencies is related to extremely high risks and is not suitable for everyone.

Visitor Consensus on Arbitrum Today
Positive: 53.13%Negative: 46.87%
What's your view on Arbitrum today?
 
›› Buy/Sell Arbitrum here

 

Arbitrum is a layer 2 scaling project that works on the Ethereum ecosystem. It deals with the shortcomings of the Ethereum platform, namely, high gas fees and lower speeds. To achieve the goal, it uses Optimism rollup technology to group transactions before sending them on the Ethereum platform. Its network will be commonly used by decentralized exchange networks to enable users to make fast, one-on-one transactions. The ARB token is one of the most anticipated coins of the past year, with many predicting a very high uptick in the price during the next bull run.

 

A Bit About Arbitrum

Arbitrum was founded by Offchain Labs in 2018. This team was cofounded by Ed Felton, a renowned computer science professor stationed in Princeton. The blockchain was created to improve Ethereum, especially when it comes to gas fees and the speed of transactions. Ethereum has a very secure and easy-to-use platform that allows for easy transactions. However, it suffers from high gas fees and the limited number of transactions it allows users to complete per second on its network. ARB provides a layer over the Ethereum network to improve these two aspects while taking advantage of Ethereum security to complete transactions. The platform will be used by decentralized exchanges (DEX) to enable their customers to transact in cryptocurrencies without the use of an intermediary. Its native token will also be used by individual users to buy goods and services on the network.

Arbitrum's native coin is finally here!CryptoLists.com
 

ARB is a scaling solution that applies to Ethereum. Layer 2 scaling supports all Ethereum projects. It is applied on Ethereum to lower the cost of transactions by grouping batches of transactions together and passing them on as one. The layer also saves on speed as it processes several transactions before passing them onto Ethereum. In addition, ARB is its governance token of the same name. It serves as an investment and transaction tool for individuals that would like to use the platform. The technology is unique in that it uses ARBGas to track the costs of execution on the platform, giving users a clear view of their costs.

 

Utility of Arbitrum?

There are several reasons why many people are moving over to Arbitrum. Here are some of the most compelling ones.

Low Technology Migration Costs

Since the Arbitrum network operates on the Ethereum network, it is easy for developers that were already on the network to migrate to it without making technological changes to their projects. Second, its rollup solution is popular with developers as it is less complex than many of the similar solutions on the market.

Greater Speeds and Lower Cost

Arbitrum is able to process up to 40,000 transactions per second. This is larger than Ethereum’s 30 requests at the same time. This helps reduce network congestion and increases the speed of individual transactions. It completes these transactions for about 36 times less than the average fee charged by Ethereum.

An Open Ecosystem

The technology behind the rollup solution at Arbitrum uses an open ecosystem that allows many projects to operate on the network without stringent requirements. Most roll-up systems, including the Optimistic one that uses the same technology, use a whitelist technology that must ‘approve’ projects before they can run on the network. The process becomes long and expensive as a result.

Arbitrum Price details

ARB Contract address: 0x912CE59144191C1204E64559FE8253a0e49E6548
›› Details & Tokenomics
 

Advantages of Arbitrum

+ 30 times cheaper than transacting on the Ethereum network.
+ ARB users make use of Ethereum security for their transactions.
+ Users are able to make speedy transactions on the network.
+ Gas tracking tool provides visibility on cost requirements.
+ The network is compatible with Ethereum Virtual Machine (EVM).
 

Disadvantages

- Lower security than using the Ethereum platform.
- The token has not hit the market for growth evaluation.
- ARB has not been able to move away from optimism rollup technology.
- Arbitrum is not as fast as the rival Polygon transactions.
- It has not handled other Ethereum weaknesses as it uses the same system.
 

Costs

▪ Rated at 9.5/10

ARB chain enforces a gas price floor that stands at 0.1 gwei on Arbitrum One and 0.01 gwei on tractions done on Nova. For perspective, 1 gwei is equal to 0.000002 USD. This transaction value is 36 times lower than that of Ethereum transactions, saving users a significant amount that may have been lost in fees.

 

Reputation and Buzz

▪ Reputation rated at 9/10
▪ Buzz rated at 10/10

Arbitrum has continued to gain positive reviews throughout the market, with many DeFi Dapps, such as Aave, Slingshot, GMX and Uniswap, choosing it over competing Layer 1 networks. There had been fears that its lowering of fees would lead to increased attacks on its system. However, this did not happen. The platform remains safe and secure for those who wish to run projects here.

Recently, ARB made its airdrop announcement, allowing eligible token users to sell off their unreleased coins over the counter. The announcement also transitioned the system into a decentralized autonomous organization. This means that ARB holders have the power to vote on key decisions governing both Arbitrum One and Nova. Over-the-counter trading makes transactions faster as buyers can transfer money directly from their bank accounts.

 

FAQ

What makes Arbitrum a better solution than Ethereum?

Arbitrum improves on some of the major weaknesses of Ethereum, such as its high gas fees and low speeds. It uses rollup technology to group transactions together, lowering the cost of each transaction. The grouping of the transactions also reduces congestion on the Ethereum network, allowing for faster transactions.

What is meant by Decentralized Autonomous Organization (DAO)?

A decentralized autonomous organization (DAO) is a type of legal structure with no central governing or management body and members who share the same purpose of acting in the best interests of the company. DAOs are used to make choices in a bottom-up management style and have gained popularity among crypto enthusiasts and blockchain platforms. ARB is moving toward DAO status.

Can you buy Arbitrum (ARB) tokens now?

Yes, you may purchase it either from the Arbitrum website or any other exchange that will offer the coins. On March 23, 2023, the Arbitrum token was be launched as the company became a DAO. From then on, you were able to buy and sell your tokens directly. You'll see where to buy it a bit further down the page.

 

History of Arbitrum

September 1, 2018: The network is formed by Offchain Labs.

August 31, 2022: The official launch of the Arbitrum One network.

February 16, 2022: Arbitrum integrates with Coinbase.

March 18, 2023: proposed evolution of Arbitrum into a decentralized autonomous organization.

›› Trade Arbitrum here›› Buy/Sell Arbitrum here

Screenshots from Arbitrum

Click for larger image
 

More sites where to buy/sell/trade Arbitrum

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this coin. Click on the logo to read our review.
ARB/USDT
 

Arbitrum details and tokenomics

Arbitrum Ticker: ARB
ARB Contract address: 0x912CE59144191C1204E64559FE8253a0e49E6548
Type of crypto: native-coin
Circulating supply: 1,275,000,000
Resources & Social media
 

Other tokens or coins to check out

Since you are interested in Arbitrum, you may also want to check out the coin(s) or token(s) below?
Arbitrum Newsflash
    Experience authentic decentralized casino fun on Star Bets!Experience authentic decentralized casino fun on Star Bets!
    Tuesday, 30 Jan 2024 1:33 pm
    If you want a genuine decentralized casino that comes without country restrictions, allows you to sign up using a wallet and no proper KYC requirements, plus has its own token - then we've got just the site for you. Welcome to Star Bets (read more), an incredible site with the privacy and Web3 player at the forefront of its decentralized mind! That's right. Of course, fiat fans won't feel too much at home here since cards and e-wallets aren't accepted as deposit methods here as it's all about crypto! Don't forget to claim your free registration bonus of 100 Free Spins on Wild West Duels using CODE: CL100FS. It's a Crypto Lists exclusive that you'll only trigger if you sign up here. What are you waiting for?...
    Read the full newsflash


    Starbets: a decentralized casino with a unique rewards tokenStarbets: a decentralized casino with a unique rewards token
    Monday, 15 Jan 2024 12:05 pm
    Have you been looking for a genuine decentralized casino where you can benefit from the site's success by holding their native coin? If so, we've got something in store for you. Star Bets (read more) has a few standout features, but one probably stands out more than the rest. The crypto gambling site offers a unique and exciting opportunity for players: every time you place a bet, you get the chance to mine the casino's exclusive STAR Token. This innovative addition not only enhances your experience but also opens up a new avenue for generating passive income, adding an extra layer of reward to each bet. Awesome, right? Try it today and get an exclusive set of 100 free spins by using the code CL100FS. Reach out to us via live chat...
    Read the full newsflash


    Get referral rewards today on Star Bets decentralized casinoGet referral rewards today on Star Bets decentralized casino
    Thursday, 1 Jun 2023 9:52 am
    Star Bets (review) is a decentralized casino that we think represents some of the best things about the niche. Something that we think is really cool is the referral program. Registered players can share a referral link with friends and get 0.1% of every bet they make plus some added extras too. What are they you ask? Well, you also get up to 5% of their mined STAR tokens, which enable players to participate in the platform's success and enjoy consistent rewards. And, in the future they might be tradable too! If playing in a genuine decentralized casino sounds good then try Star Bets and start earning rewards right away...
    Read the full newsflash


    Starbets Casino reaches 519 029 USDT in dividendsStarbets Casino reaches 519 029 USDT in dividends
    Monday, 17 Apr 2023 11:37 am
    The amazing dividend system on Starbets (see review) is reaching over 99 121 USDT or more than 3.2 BTC. The total amount available is 519 029 USDT, that's up for grabs for frequent players. Are you one of them? If not, sign-up for Starbets and be part of the...
    Read the full newsflash


    Join the Arbitrum train with the newly launched ARB coin!Join the Arbitrum train with the newly launched ARB coin!
    Thursday, 23 Mar 2023 1:24 pm
    Today's a big day in the crypto space, around lunchtime GMT the much-anticipated Arbitrum (ARB) landed on several exchanges as part of its airdrop. In one of the most hyped launches in quite some time, the highly promising network is set to generate some big buzz and make some big waves in the altcoin market. Some online analysts say it could be the next alt to go super high in the next bull market. Either way, it's certainly going to be interesting. Go to KuCoin now!

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with
 

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
exclusives.
* indicates required
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top