ARB (Arbitrum)

summary

Ethereum is an open-source public blockchain platform with smart contract functionality, and Arbitrarum One is Ethereum's auxiliary chain designed to address congestion and high gas fees on Ethereum. Arbitrarum One improves scalability by transferring transaction processing from the Ethereum main chain to sidechains, while still maintaining compatibility with Ethereum.

Arbitrarum One is built on Optimal Rollup technology, which packages multiple transactions into a batch and submits a batch hash value on the Ethereum main chain. This can reduce the number of transactions on the Ethereum main chain, thereby improving transaction speed and reducing gas fees.

Arbitrarum One also supports the deployment and execution of smart contracts, and interacts with assets and data on the Ethereum main chain. Arbitrarum One is an important component of the Ethereum ecosystem, providing Ethereum with higher scalability and lower costs.

smart contract

Smart contracts are one of the core technologies of blockchain, first proposed by expert and scholar Nick Sauber in 1994. Smart contracts are computer protocols aimed at disseminating, verifying, or executing contracts in an information-based manner.

Smart contracts allow for trusted transactions to be conducted without a third party, which are traceable and irreversible. Its working principle is similar to that of a vending machine, which automatically executes a predetermined operation when specific conditions are met.

Smart contracts have many advantages. It reduces reliance on intermediaries, lowers transaction costs, and improves transaction efficiency and transparency. Meanwhile, as it is based on code writing, once the rules are determined, they cannot be tampered with, ensuring the fairness and certainty of the contract.

How AI Intelligent Interaction Works

Ai intelligent interaction scans the whole network to find orders, AI automatically calculates the price difference income of this order, and then initiates instructions, contracts are executed interactively, and the same block is confirmed. The whole process takes 3-5 seconds to complete the interaction.

Team Information

investor organization

Pantera Coinbase compound Blocknation

Community size

Community Growth Chart