What is Arbitrum?

in crypto •  2 years ago 

Binance Research on Ethereum Layer 2 Scaling Solution Arbitrum

= “Trustless security: security rooted in Ethereum, with any one party able to ensure correct Layer 2 results
= Compatibility with Ethereum: able to run unmodified EVM contracts and unmodified Ethereum transactions
= Scalability: moving contracts’ computation and storage off of the main Ethereum chain, allowing much higher throughput
= Minimum cost: designed and engineered to minimize the L1 gas footprint of the system, minimizing per-transaction cost.“

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