What is arbitrum one?

The Arbitrum One ecosystem is a layer-2 mainnet which powers smart contracts that will later be validated by the Ethereum network (layer-1). Fees charged by Arbitrum will be paid in ETH and the development team expects a reduction of around 50 times the usual fees paid per transaction on layer-1.

What is the difference between arbitrum one and arbitrum Nova?

Arbitrum One is the mainnet designed for the more common decentralized finance use cases. Arbitrum Nova, on the other hand, is an optimized version of Arbitrum that focuses on reducing transaction costs for high-throughput dApps. Arbitrum Nova was launched on August 9, 2022, as a Web 3.0 gaming and social applications solution.

How does the arbitrum sequencer work?

Nodes will forward your transactions to the Arbitrum Sequencer, which will report transaction results just as an Ethereum node would–but much faster, typically around one second. Prior to the birth of Ethereum, Ed Felten began his extensive research in roll-up technology in 2014.

What is arbitrum & how much does it cost?

Despite being the fourth most popular blockchain by TVL, Arbitrum is the 18th blockchain by 30-day fee revenue — at just $3.8 million compared to Ethereum's $178.4 million, per data from token terminal. Want to learn more about the Arbitrum ecosystem? Check out our deep dive.