What is Arbitrum one?

Arbitrum and TheStandard

Arbitrum one is an Ethereum Layer 2 scaling solution designed to enhance the Ethereum network through increased transaction speeds and lower costs. It leverages optimistic rollups to process many transactions off-chain, while still benefiting from Ethereum's security. NOTE: Arbitrum have another L2 blockchain called Arbitrum NOVA which is focused on web3 gaming. TheStandard does not support NOVA, the protocol only supports "Arbitrum ONE"!

Benefits of Arbitrum one:

• Scalability: Processes up to 40,000 transactions per second.

• Cost-Efficiency: Significantly reduces gas fees compared to Layer 1.

• Security: Secured by Ethereum's underlying infrastructure.

TheStandard's Choice: TheStandard opted for Arbitrum due to these enhanced scalability and cost benefits, which align with their goal to provide a seamless and financially efficient platform. Building on Arbitrum allows TheStandard to offer users fast and secure operations, while offering the security that Ethereum offers as a base layer.