Arbitrum | What is ARB? | Crypto Simplified

Arbitrum, denoted by the market ticker ARB, serves as a prominent layer-2 scaling solution tailored for Ethereum, effectively alleviating network congestion and consequently curtailing ETH gas fees. Offchain Labs spearheaded the creation of Arbitrum in 2021.

Offchain Labs, co-founded by Ed Felten, Steven Goldfeder, and Harry Kalodner, comprises former Princeton University researchers…