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Arbitrum

Last updated: Jan 12, 2023

Arbitrum is a layer-2 solution project designed to enhance Ethereum smart contracts in terms of speed scalability while adding additional privacy features to boot.

Series B Round: $120 Million

Seed Round:$3.7 Million

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Overview

Project industry	Blockchain Infrastructure / Arbitrum Ecosystem / Layer-2 / EVM
Product type	Technology
Founded	United States
Whitepaper	Open

What is Arbitrum

The platform is designed to make it easy for developers to execute unmodified Ethereum Virtual Machine (EVM) contracts and Ethereum transactions at layer-2 while still benefiting from Ethereum’s excellent layer-1 security. Arbitrum is an L2 optimistic rollup scaling solution for Ethereum, offering a unique combination of benefits:

Trustless security: security rooted in Ethereum, with any validator able to ensure correct Layer 2 results
Compatibility with Ethereum: able to run unmodified EVM contracts and unmodified Ethereum transactions
Scalability: moving contracts’ computation and storage off of the main Ethereum chain, allowing much higher throughput
Minimum cost: designed and engineered to minimize the L1 gas footprint of the system, minimizing per-transaction cost.

Arbitrum itself was created to address some of the shortcomings of current Ethereum-based smart contracts. As for the drawbacks, such as long transactions and high execution costs.