Cryptocurrency Q&A
Is arbitrum an L2?
Is arbitrum an L2?
DigitalDynasty
Fri Nov 08 2024
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6 answers
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I'm curious about Arbitrum and its place in the blockchain technology landscape. Specifically, I want to know if Arbitrum is considered an L2 solution.
6 answers
Elena
Sun Nov 10 2024
BTCC is a prominent cryptocurrency exchange that offers a wide range of services.
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CryptoLegend
Sun Nov 10 2024
It addresses the issues of congestion and high transaction fees prevalent on the Ethereum blockchain.
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Michele
Sun Nov 10 2024
This is achieved by shifting computation and data storage processes off-chain.
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Carlo
Sun Nov 10 2024
Arbitrum leverages optimistic rollups to execute transactions in an off-chain environment.
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Eleonora
Sun Nov 10 2024
Once these transactions are processed, the results are then posted onto the Ethereum mainnet.
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