Arbitrum digital currency was listed on Nobitex; Arbitrum network support

Arbiterum digital currency (ARB) was listed in Riyal and Tetri markets of Nobitex exchange, and users can use Arbiterum’s faster and cheaper transfer network to transfer Arbiterum, Tether, Ethereum and USDC, in addition to buying and selling this cryptocurrency.

Arbitrum is a second layer solution to improve speed, reduce transfer costs and increase scalability of the Ethereum blockchain, developed by Off-Chain Labs. Second-layer solutions are methods for scaling that are implemented on the first layer of the blockchain to increase the speed of transactions and reduce their fees.

Arbitrom currency is a reliable, cheap and very fast platform and has the capacity to process 40,000 transactions per second, while the Ethereum mainnet only processes 14 transactions per second. In addition, Arbitrom currency is also compatible with the Ethereum Virtual Machine (EVM), which makes it easier for developers to operate in the Arbitrom ecosystem. In fact, Arbitrom benefits from the security and compatibility of Ethereum, but in the second layer solution that it provides on the Ethereum platform, in addition to the security of the Ethereum network, it has the speed of the second layer.

Due to the increase in demand and use cases of Ethereum in recent years, the transaction fees of this network have increased sharply and sometimes reach several tens of dollars. The use of Ethereum roll-ups such as Arbitrom is to speed up transactions and significantly reduce transaction fees. By using Arbitrum, transaction fees are reduced to a few cents.

Arbitration of transactions Ethereum processes through optimistic roll-ups. Roll-ups are currently the most important and leading solutions for scaling the Ethereum network, which combine multiple transactions and enter them into the main chain as a single transaction. In this way, the network traffic decreases and the transaction processing speed increases.

Arbitrum currency was distributed to its users on March 23rd, 2023 by airdrop, and the price of its first transactions in digital currency exchanges was around $1.2. The peak price recorded for this digital currency was around $1.8, which was recorded less than a month after its airdrop. Currently, this cryptocurrency is bought and sold in the price range of one dollar.

The total supply of Arbitrom currency is 10 billion units, of which 1 billion and 275 million units of these tokens, equivalent to 12.7%, have entered the market so far.

The process of improving the scalability of the Ethereum network has been progressing over the past years with successive updates. One of the important steps to complete this process is to set up sharding or parallel chains. In the past years, sharding was known as the main focus of improving the scalability of Ethereum, but recently, the view of Ethereum developers has changed to this issue, and roll-up solutions are more focused on developers. Based on this, Arbitrum, which is one of the leading projects in the field of roll-ups, can receive more attention and its price will increase under the influence of these events.

Now possible Buy and sell Arbitrum digital currency Nobitex is provided in Rial and Tetri markets, and the point is that with the support of Arbitrom network in Nobitex, it is possible to transfer Arbitrom, Tether, Ethereum and USDC on the platform of Arbitrom network, which has a lower transfer fee, for example, while transferring Tether on the network platform Tron has a $1 transfer fee, Tether’s transfer fee on the Arbitrum network is $0.50.

Due to the number of millions of users NobitexThe liquidity index of this digital currency exchange is very high, so most of the digital currency purchases and sales of this exchange are done in a very short time.

Arbitrum currency is supported in most multi-currency wallets. Also, most hardware wallets such as Ledger, Trezor and KipKey support Arbitrum.