Arbitrum
ARB0.19 (-4.76%)
Performance & facts
| Arbitrum price: | 0.188 | #93 | |
| Price change 1 hour: | -0.96% | #213 | |
| Price change 24 hours: | -4.76% | #229 | |
| Price change 7 days: | -1.35% | #67 | |
| Price change 30 days: | -13.76% | #200 | |
| 24 hour volume: | 100.8m | #17 | |
| 24 hour range: | 0.19 - 0.2 | ||
| 52 week range: | 0.071 - 0.35 | ||
| Website: | https://arbitrum.io | ||
About Arbitrum
Arbitrum is "Level 2" platform built on top of Ethereum that allows to run smart contract code far cheaper and faster.
Arbitrum's core product is Arbitrum Rollup - Optimistic rollup protocol that allows running Ethereum virtual machine outside of the comparatively expensive Ethereum network, while at the same time maintaining security and permanence of Ethereum.
In addition to greatly improving transaction throughput and cost efficiency, Arbitrum platform also provides tooling for smart contract (or decentralized application - DAPP) development using languages like Rust and C++.
Decentralized organization "Arbitrum DAO" governs main Arbitrum blockchains (yes, it can have more than one in parallel!), with anyone holding Arbitrum (ARB) tokens able to take part in voting on various development proposals.
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