Arbitrum, developed by Offchain Labs in 2018, is a Layer 2 Optimistic Rollup solution aimed at enhancing Ethereum's scalability. By reducing the load on Ethereum's primary network, Arbitrum lowers transaction fees, speeds up confirmation times, and improves the overall user experience for crypto traders, all while preserving Ethereum's security.
This is achieved by shifting transaction processing away from Ethereum's congested Layer 1 network.
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