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Cryptocurrencies/Coins/Arbitrum (ARB)
Arbitrum price, market cap on Coin360 heatmap

Arbitrum(ARB)

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$1.6694
(0.75%)
0.00002361 BTC
Market Cap (Rank#30)
$4,430,614,404
62,657 BTC
Vol 24h
$185,688,898
2,626 BTC
Circulating Supply
2,653,939,384
Max Supply
?

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About Arbitrum?

The live price of Arbitrum (ARB) today is 1.6694 USD, and with the current circulating supply of Arbitrum at 2,653,939,384 ARB, its market capitalization stands at 4,430,614,404 USD. In the last 24 hours ARB price has moved -0.0474 USD or -0.03% while 284,579,008 USD worth of ARB has been traded on various exchanges. The current valuation of ARB puts it at #30 in cryptocurrency rankings based on market capitalization.

Learn more about the Arbitrum blockchain network and how it works or follow the price of its native cryptocurrency ARB and the broader market with our unique COIN360 cryptocurrency heatmap.

Arbitrum (ARB) - A Scalable and Secure Layer 2 Solution

Arbitrum is a layer 2 scaling solution for Ethereum that aims to provide fast and secure smart contract execution. It is designed to address the scalability issues of Ethereum by enabling developers to build decentralized applications (dApps) that can handle a high volume of transactions without compromising on security. Arbitrum is built on top of Ethereum and uses its smart contract functionality to provide a trustless and decentralized environment for developers to build on.

Technology & Mechanism

Consensus Mechanism

Arbitrum uses a unique consensus mechanism called Optimistic Rollup. It is a layer 2 scaling solution that allows for off-chain computation and verification of transactions. Optimistic Rollup is a trustless and decentralized mechanism that enables fast and secure smart contract execution. It works by assuming that all transactions are valid and only reverts them if they are proven to be invalid.

Blockchain Technology

Arbitrum operates on the Ethereum blockchain and uses its smart contract functionality to provide a trustless and decentralized environment for developers to build on. It is designed to be compatible with Ethereum and can be used to build dApps that can interact with the Ethereum network. Arbitrum uses a unique approach to scaling called Validium, which allows for off-chain computation and verification of transactions while maintaining the security of the Ethereum network.

Key Features

Scalability

Arbitrum is designed to address the scalability issues of Ethereum by enabling developers to build dApps that can handle a high volume of transactions without compromising on security. It uses a unique approach to scaling called Validium, which allows for off-chain computation and verification of transactions while maintaining the security of the Ethereum network.

Security

Arbitrum is built on top of Ethereum and uses its smart contract functionality to provide a trustless and decentralized environment for developers to build on. It uses a unique consensus mechanism called Optimistic Rollup, which is a trustless and decentralized mechanism that enables fast and secure smart contract execution.

Privacy

Arbitrum provides privacy features that enable developers to build dApps that can handle sensitive data without compromising on security. It uses a unique approach to scaling called Validium, which allows for off-chain computation and verification of transactions while maintaining the security of the Ethereum network.

Decentralization

Arbitrum is a decentralized platform that enables developers to build dApps that can handle a high volume of transactions without compromising on security. It is built on top of Ethereum and uses its smart contract functionality to provide a trustless and decentralized environment for developers to build on.

Development Team & Governance

Arbitrum is developed by Offchain Labs, a team of experienced developers and researchers who are dedicated to building scalable and secure blockchain solutions. The team is led by Ed Felten, a computer science professor at Princeton University and former Deputy U.S. Chief Technology Officer. The project is governed by a decentralized community of users and developers who are committed to the success of the platform.

Use Cases & Potential Impact

Arbitrum has the potential to disrupt a wide range of industries by enabling developers to build dApps that can handle a high volume of transactions without compromising on security. It can be used to build decentralized finance (DeFi) applications, gaming platforms, and social networks, among others. Arbitrum's scalability and security features make it an attractive platform for developers who are looking to build scalable and secure dApps.

Purchase & Storage

How to Buy

Arbitrum can be purchased on several cryptocurrency exchanges, including Binance, Huobi, and Uniswap. Users can buy ARB tokens using Ethereum or other cryptocurrencies.

Wallets & Storage

ARB tokens can be stored in any Ethereum-compatible wallet, including MyEtherWallet, MetaMask, and Ledger Nano S.

Partnerships & Collaborations

Arbitrum has partnered with several leading blockchain projects, including Chainlink, Aave, and Uniswap. These partnerships enable developers to build dApps that can interact with these platforms and leverage their features.

Roadmap

Arbitrum's roadmap includes several upcoming features and enhancements, including support for more programming languages, improved developer tools, and integration with other blockchain platforms.

Risks & Challenges

Arbitrum faces several risks and challenges, including competition from other layer 2 scaling solutions, regulatory uncertainty, and security vulnerabilities.

Community & Regulatory Compliance

Community

Arbitrum has a vibrant and active community of users and developers who are committed to the success of the platform. The community is decentralized and governed by a set of community guidelines.

Regulatory Compliance

Arbitrum is committed to regulatory compliance and operates in accordance with applicable laws and regulations. The platform is designed to be transparent and secure, and it takes measures to ensure the safety of its users and their assets.

Conclusion

Arbitrum is a layer 2 scaling solution for Ethereum that provides fast and secure smart contract execution. It is built on top of Ethereum and uses its smart contract functionality to provide a trustless and decentralized environment for developers to build on. Arbitrum's scalability and security features make it an attractive platform for developers who are looking to build scalable and secure dApps. With its vibrant community and commitment to regulatory compliance, Arbitrum has the potential to disrupt a wide range of industries and become a leading platform for decentralized applications.
Arbitrum Price1.6694 USD
Market Rank#30
Market Cap4,430,614,404 USD
24h Volume185,688,898 USD
Circulating Supply2,653,939,384 ARB
Max SupplyNo data
Yesterday's Market Cap4,390,732,288 USD
Yesterday's Open / Close1.7018 USD / 1.6544 USD
Yesterday's High / Low1.7403 USD / 1.6294 USD
Yesterday's Change
-0.03% ( 0.0474 USD )
Yesterday's Volume284,579,008 USD
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