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The Arbitrum network is designed as a layer 2 solution, which was created to improve the performance of the Ethereum blockchain and develop its smart contract capabilities. Increasing the speed of transactions, scalability, and improving network security are among the main goals of Arbitrum. This network is used with the aim of compensating the shortcomings of Ethereum smart contracts and preventing high implementation costs in this blockchain.
As a powerful second layer network, Arbitrum is known as Optimistic Rollup. This network allows Ethereum blockchain smart contracts to send messages between contracts in the main network and contracts in the second layer of Arbitrum. Most transactions are completed in the second layer and its results are recorded in the main chain. This increases the speed and efficiency of Ethereum.
The group responsible for collecting transactions and sending them to the Layer 1 chain is rewarded with Ethereum. The fees associated with an Ethereum transaction are split between network members and validators. The network runs a challenge called a challenge to ensure the validity of the validations.
Arbitrum is designed as a highly compatible network with the Ethereum Virtual Machine, allowing developers to run marketable, efficient, and scalable smart contracts.
Arbitrum’s network development team uses robust development tools that allow developers to take advantage of Arbitrum’s services without the need to download additional tools, plugins, or compilers.
The Arbitrum network is a lower-cost, second-layer scalable solution for Ethereum. This makes the transactions less expensive and the validators have enough incentive to check them.
Arbitrum has an advanced and developed ecosystem that currently cooperates with DApps and Ethereum infrastructure projects such as Uniswap, DODO, Sushi, etc. This network is growing and strengthening by attracting new supporters and partners.
ArbGas is used to pay execution fees on the Arbitrum chain. These fees are set to zero by default and are collected to compensate for the validation fees in the Arbitrum chain.
Due to these features, the Arbitrum network is proposed as an efficient and scalable solution to improve the performance of the Ethereum blockchain.
ArbGas is quite different from Ethereum Gas because it tries to compute the simulation in the Arbitrum Virtual Machine (AVM). At the same time, Ethereum Gas does not perform any similar function in the Ethereum blockchain. For example, access to storage space in Ethereum costs a lot, because the right to storage in the Ethereum network entails obligations for miners. In general, the use of ArbGas makes the Arbitrum network completely cost-effective.
Ethereum’s first layers had increased decentralization and centralized security, which increased the costs associated with transaction gas. However, the second layers, in addition to these two, are also concerned with the scalability of the network. The combination of these three components has led to the growing popularity of the Arbitrum network and has made it a trusted and secure second layer solution for Ethereum.
