⛓️Network

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.

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 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.One such L2 solution is Arbitrum. It aims to expand the potential of Ethereum smart contracts by increasing their speed and scalability while offering additional privacy features. To reduce transactional gas costs it takes advantage of the optimistic rollup theory to reduce transactional gas costs.

Arbitrum is a type of technology known as an optimistic rollup. This technology allows smart contracts from Ethereum to scale by sending messages between smart contracts and those in the Arbitrum second chain layer.

In addition, most of the transaction processing will be completed at layer-2, and Arbitrum will record the results in the main chain. The system can drastically increase its working speed and efficiency through this process.

Hence, IKKI Finance choose Arbitrumchain as its blockchain.