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Arbitrum - YFarmX | Crypto News & Education
Saturday, December 21, 2024

Arbitrum Layer 2 Network

Arbitrum:Scaling Ethereum

Arbitrum, introduced by Offchain Labs in 2021, is a layer-2 solution designed to enhance Ethereum’s scalability and reduce transaction costs. Utilising Optimistic Rollups, it processes transactions off-chain while maintaining security through periodic on-chain validation. This approach significantly boosts transaction speed and lowers fees compared to Ethereum’s mainnet. Arbitrum’s compatibility with existing Ethereum smart contracts means developers can deploy their dApps with minimal adjustments, making it a powerful tool for improving Ethereum's performance and fostering wider adoption of decentralised applications.

Arbitrum News

Privacy-focused Nillion Network Integrates with Arbitrum

Nillion Network, often described as "Humanity's first blind computer," introduces a novel approach to data privacy through its "blind computing" protocol. This protocol allows for the processing of data in an encrypted state, ensuring that even during computation, the data remains unreadable to unauthorised entities, including the platform itself.

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