Bitpowr is excited to announce the addition of Arbitrum to its supported blockchain infrastructure, further enhancing the platform’s capabilities. With this expansion, businesses can now seamlessly interact with Arbitrum’s innovative, EVM-compatible protocol, executing transactions off-chain for faster processing and considerably lower fees compared to Ethereum

Exploring Arbitrum

Arbitrum stands out as a Layer 2 EVM-compatible protocol designed for building scalable and efficient decentralized applications on Ethereum. The technology is developed by Offchain Labs, a startup founded by a team of experienced blockchain developers. Arbitrum is designed to address the scalability and efficiency challenges of the Ethereum network by enabling developers to create smart contracts that can be executed off-chain. This approach reduces gas costs and increases transaction throughput, making transactions faster and cost-efficient—up to 270 times lower fees.

Arbitrum is built on top of Ethereum, which means that it is fully compatible with existing Ethereum tools and resources. This compatibility allows developers to leverage existing infrastructure and tools to build decentralized applications on Arbitrum. The technology is also designed to be user-friendly, making it easy for developers to understand and work with the technology.

One of the key features of Arbitrum is its ability to support a wide range of smart contracts. This means that developers can create complex smart contracts that can be executed off-chain, reducing the load on the Ethereum network. Arbitrum also supports a range of programming languages, including Solidity, which is the most popular language for writing smart contracts on Ethereum.

How can you access Arbitrum on Bitpowr?

To access Arbitrum on Bitpowr, please sign up here if you are a new user. If you already are a business user on Bitpowr, you can now start interacting with Arbitrum via the Dashboard and build applications via our API.