Arbitrum is a two layer protocol designed to enhance efficiency and throughput in blockchain networks, particularly within the Ethereum ecosystem. Arbitrum is hailed as a solution to improve the performance of smart contracts on Ethereum by enhancing compatibility with additional privacy features.
Kalkulator Arbitrum ke Rupiah (ARB to IDR)
Konversi Harga Arbitrum hari ini ke dalam Rupiah sebaliknya.
Key stats
Market Capitalization
IDR 50.693.713.573.373
Trading volume 24H
IDR 8.185.593.003.286
Volume / Market Cap
16,14715598106330674000 %
Fully Diluted Valuation
IDR 120.409.418.938.696
All time high
IDR 37.209
Circulating supply
ARB 4.210.111.968
Max supply
ARB 10.000.000.000
Total supply
ARB 10.000.000.000
About Arbitrum
Developed by Offchain Labs, this platform is compatible with the Ethereum Virtual Machine (EVM), remaining unmodified while executing Ethereum transactions on the second layer, thereby preserving the security benefits of the first layer.
Arbitrum is crafted to address various limitations of smart contracts on Ethereum, as the technology has a limited transaction capacity of only 20-40 transactions per second, causing transaction processes on the Ethereum network to slow down.
With the introduction of Arbitrum, numerous benefits emerge, such as reduced transaction costs, increased speed, scalability, and heightened security.
Arbitrum Working Mechanism
Arbitrum adopts the Optimistic Rollup technology, where a significant portion of transaction processes are “rolled up” off-chain into a single transaction.
This optimistic rollup occurs on the Arbitrum rollup chain, and transactions take place outside the main blockchain or in the second layer of Ethereum. Subsequently, the transactions are collected, validated, and the results are stored on the main Ethereum blockchain, referred to as the rollup block.
If all validators agree on the accuracy of transactions within a block, the confirmed transactions in this process are labeled with an “AnyTrust Guarantee.”
Most smart contract and transaction processes outside the main blockchain make the process more efficient, enabling more transactions to occur on the second layer without burdening the main blockchain. Thus, transactions become efficient and cost-effective.
Uniqueness of Arbitrum
Arbitrum’s uniqueness lies in its implementation of launching smart contracts with a second layer for blockchain networks, especially Ethereum. As a result, the network can process a high volume of transactions without compromising security.
Moreover, this platform is compatible with EVM and can work with various Ethereum DApps such as Uniswap, DODO, Sushi, and others.
Advantages and Disadvantages of Arbitrum
Advantages:
- Arbitrum features the Arbitrum Virtual Machine (AVM), a virtual machine that serves as an execution area for Arbitrum smart contracts.
- Compatible with EVM, allowing developers and tools on Ethereum to switch seamlessly without altering smart contract languages and additional special plugins.
- Enhances the scalability of the Ethereum blockchain network by moving a significant portion of transactions to the second layer, enabling it to handle a larger transaction volume.
- Affordable transaction costs and faster transaction processing.
Disadvantages:
- It has lower decentralization compared to the Ethereum main chain, as it relies on only a few validators to process transactions.
- While compatible with Ethereum, Arbitrum still depends on the security and sustainability of the main blockchain for verifying rollup blocks.
Features of Arbitrum
Optimistic Rollup: Arbitrum utilizes optimistic rollup by moving the majority of transaction activities off-chain, allowing for the execution of numerous transactions simultaneously.
Smart Contracts EVM Compatible: Arbitrum is compatible with EVM, enabling users to utilize existing smart contracts on Ethereum without requiring modifications.
Key Figures in Arbitrum
Off Chain Labs was founded by Ed Felten, Steven Goldfeder, and Harry Kalodner, all former researchers at Princeton University. Off Chain Labs later evolved into a company developing Arbitrum.
These three individuals have backgrounds in blockchain and computer science:
- Ed Felten is a computer science professor at Princeton and serves as the Chief Scientist at Off Chain Labs.
- Steven Goldfeder, the CEO of Off Chain Labs, is a computer scientist with a PhD from Princeton.
- Harry Kalodner is the CTO of Off Chain Labs and works as a computer scientist.
History and Development of Arbitrum
Off Chain Labs was established in 2018 by Ed Felten, Steven Goldfeder, and Harry Kalodner to enhance the speed and efficiency of Ethereum. On April 15, 2019, they launched Arbitrum.
In February 2020, Arbitrum was introduced as a trial version on Ethereum’s testnet called Kovan. Later, on August 31, 2021, Arbitrum One was launched and gained widespread popularity. It was even used by popular Ethereum applications like Uniswap and Aave.
Following this success, Arbitrum Foundation was established on March 16, 2023, introducing a new system called Arbitrum DAO. Simultaneously, Arbitrum released a specific token called ARB.
Arbitrum has been warmly welcomed by the crypto community for demonstrating improvements in scalability and transaction throughput with low costs and fast processes.
How to Buy Arbitrum (ARB)
Interested in purchasing this particular crypto asset? You can buy Arbitrum (ARB) by following these steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying crypto through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the Crypto menu, search and select Arbitrum (ARB).
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the crypto asset, be sure to conduct research and analysis first. You can do this by checking the crypto asset profile, industry conditions, monitoring price movement trends, and observing its liquidity and trading volume. Performing this analysis is crucial so you can formulate an accurate investment strategy and minimize losses.
Is it Safe to Buy Arbitrum (ARB) on Nanovest?
Absolutely. Nanovest is supported by a number of professional partners with a strong reputation for providing quality services. One of these includes the technology backing of the S-Quantum Engine by Sinarmas Financial Services.
For global and US stocks, Nanovest collaborates with brokers registered with the Financial Industry Regulatory Authority (FINRA) in the United States – which ensures Nanovest users’ broker accounts up to US$500k by the Securities Investor Protection Corporation (SIPC) in the United States.
As for crypto assets, Nanovest is an Indonesian crypto exchange registered with the Commodity Futures Trading Regulatory Agency (Bappebti). The Nanovest platform itself is also insured through a partnership with Sinarmas Insurance.
Disclaimer
All content on this website is for informational purposes and doesn’t constitute a recommendation to buy/sell any stock or crypto. Investors should understand the nature of stocks and digital assets, including return and risk requirements of the assets. We encourage investors to fully understand the assets and risks before making any investment. Always do your own research.
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