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Arbitrum One

A layer 2 scaling solution for Ethereum network

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Enhancing Ethereum Scalability with Layer 2 Scaling

Arbitrum is a layer 2 scaling solution designed to enhance the scalability and performance of the Ethereum network. It aims to address the challenges of high gas fees and network congestion by providing a more efficient and scalable platform for executing smart contracts and decentralized applications (DApps).

Optimistic Rollup and Off-Chain Transaction Processing

As a layer 2 solution, Arbitrum operates on top of the Ethereum blockchain, leveraging its security and decentralization while offering significantly faster and cheaper transactions. It employs an Optimistic Rollup mechanism, which allows for the off-chain processing of transactions while ensuring the same level of security as the Ethereum mainnet.

Seamless Compatibility with Ethereum Smart Contracts

Arbitrum is compatible with Ethereum smart contracts, meaning that developers can deploy their existing contracts to the Arbitrum network without major modifications. This interoperability enables seamless migration of DApps and tokens between Ethereum and Arbitrum, enhancing scalability without sacrificing compatibility.

Near-Instant Finality and Responsive User Experience

With near-instant finality for transactions, Arbitrum provides a responsive user experience, reducing transaction confirmation times and enhancing overall usability. Its scalability features make it suitable for various applications, including decentralized finance (DeFi), gaming, and NFT marketplaces.

Leveraging Ethereum's Proof of Stake Security

By utilizing Ethereum's Proof of Stake (PoS) consensus mechanism, Arbitrum benefits from the network's security while achieving higher transaction throughput and lower fees. This combination of scalability, compatibility, and security makes Arbitrum an attractive solution for developers and users seeking to leverage the benefits of Ethereum while mitigating its scaling limitations.

Support for Popular Token Standards and Interoperability

Arbitrum supports popular token standards such as ERC-20 and ERC-721, enabling the seamless integration of existing tokens and DApps. This compatibility fosters an ecosystem where developers can leverage the existing Ethereum tooling, libraries, and developer community while enjoying improved scalability and cost-efficiency.

Expanding Ethereum's Capabilities with Scalability Solutions

Overall, Arbitrum plays a crucial role in expanding the capabilities of the Ethereum ecosystem by providing a scalable and cost-effective layer 2 solution. By addressing the scalability challenges of the Ethereum network, Arbitrum contributes to the growth and adoption of decentralized applications, making them more accessible and efficient for users worldwide.

Smart Contracts in Arbitrum

The following smart contracts are available and ready to be deployed and used in the WPSmartContracts Smart Contracts suite, without the need for coding.

ERC20/BEP20

Chocolate

Advanced Token

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ERC20/BEP20

Macadamia

Reflection Token

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Staking

Ube

Staking Tokens

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Staking

Almond

Advanced Staking Tokens

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ERC-721 NFT

Mochi

Standard ERC-721 NFT

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ERC-721 NFT

Matcha

ERC-721 NFT Marketplace

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ERC-721 NFT

Suika

Advanced ERC-721 NFT Marketplace

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ERC-1155 NFT

Yuzu

Standard ERC-1155 NFT

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ERC-1155 NFT

Azuki

ERC-1155 NFT Advanced Marketplace

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ERC-1155 NFT

Ikasumi

ERC-1155 NFT Advanced Token Marketplace

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ICO

Bubblegum

Initial Coin Offering (ICO)

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Comparison of Blockchain Networks

Explore the technical specifications and main features of various blockchain networks

EthereumArbitrumBinance Smart Chain (BSC)Polygon (Matic)Avalanche C-ChainFantom Opera
Main FeaturesRobust ecosystem, widely adopted, extensive developer communityScalability, lower fees, Ethereum compatibilityFast and low-cost transactions, Binance ecosystem integrationScalability, Ethereum compatibility, cross-chain transfersHigh throughput, low latency, robust consensusFast finality, Ethereum compatibility, high performance
Smart ContractsEthereum VIrtual MachineEthereum VIrtual MachineEthereum VIrtual MachineEthereum VIrtual MachineEthereum VIrtual MachineEthereum VIrtual Machine
Token StandardsERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155
ConsensusProof of Stake (PoS)Optimistic Rollup (PoA)DPoS and PoAProof of Stake (PoS)Avalanche consensus (PoS)Lachesis consensus (aBFT)
Average TPSVaries (15-30 TPS)Varies (200-4000 TPS)15-60 TPSVaries (up to 7,000 TPS)Varies (4500+ TPS)Varies (3000+ TPS)
Block TimeApproximately 15 secondsVaries (approx. 5-15 mins)3 secondsApproximately 2 secondsApproximately 5 secondsApproximately 1 second
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