⛓️ | Arbitrum Guide

History of Arb 🫡

It's important to note that all transaction fees on Arbitrum must be paid in ETH.

This means you need ETH in your wallet to be able to use Unlimited Leverage.

Offchain Labs, a team of skilled blockchain engineers, researchers, and Ethereum experts, developed Arbitrum as Ethereum's next-generation layer-2 solution. Its main net, Arbitrum One, was launched on August 31, 2021.

Arbitrum is a layer-2 solution that enables transactions to be processed off-chain before submitting them as a single transaction to the base layer. This method facilitates Ethereum scaling, as layer-1 Ethereum transactions are not slowed down by an overwhelming amount of transaction requests.

Follow this link to learn more about Arbitrum and the Offchain Labs team behind it.

Optimistic Rollups, which are smart contracts that bundle transactions, are used by Arbitrum as a scaling solution. This results in reduced computation time and gas consumption, ensuring low gas fees while relying on Ethereum's L1 security.

Arbitrum One network was successfully migrated to Arbitrum Nitro on August 31, 2022. Prior to this, transaction throughput was throttled to maintain network performance. The upgrade to Nitro removed these limitations, allowing the network to handle significantly more transactions. Nitro has reduced fees by approximately 25%, on top of the up to 95% lower fees compared to the Ethereum main net offered by Arbitrum before the Nitro upgrade.