PRESS RELEASE. The Next Link In Blockchain Has Arrived. Launched in 2021, Arbitrum takes the exceptional security of Ethereum one step further with a class-leading Layer 2 solution that solves many of the scalability issues associated with Layer 1 chains. As ProBit Global’s latest listing, the exchange is excited to offer its users a time-limited 50% discount on ARB, the newly minted governance token of Arbitrum. Some of Arbitrum’s major advantages include its lower operating costs, rapidly expanding dApp ecosystem and wide suite of developer tools.

A Layer 2 Solution Set To Dominate

By executing transactions off-chain, Arbitrum is able to offer lower gas fees than Ethereum, while also reducing load on the Ethereum mainnet. This is also one of the key reasons for Arbitrum’s superior TPS processing, with the network recently surpassing Ethereum in total transactions processed. Using highly efficient rollups enables developers to easily create scalable dApps, while shuttling smart contracts between Arbitrum and the Layer 1 chain ensures an enhanced level of fraud-proofing and security.

The Arbitrum network has had significant buy-in from developers, thanks in large part to factors such as EVM (Ethereum Virtual Machine) compatibility. Developers familiar with Ethereum programming do not need to master a new language before building on Arbitrum, as a variety of languages can be compiled EVM. Smart contracts can easily be migrated to Arbitrum from Ethereum without having to be re-written.

Another feather in the Arbitrum network cap is its interoperability: the Layer 2 chain offers support for cross-chain transactions, allowing developers to create dApps with multiple use cases. Users can interact with other blockchains and exchange assets on Arbitrum, making it a supremely versatile protocol.

As the largest Layer 2 chain on the Ethereum network, Arbi

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