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Arbitrum

What is Arbitrum?

Arbitrum is a Layer 2 scaling solution for Ethereum designed to enhance the scalability and efficiency of the Ethereum network. Developed by Offchain Labs, Arbitrum utilizes optimistic rollups to enable faster transactions and smart contract executions while maintaining compatibility with existing Ethereum applications and infrastructure.

Key Features

  • Optimistic Rollups for Scalability
  • Low Gas Fees and Fast Confirmations
  • Smart Contracts and EVM Compatibility
  • Decentralized and Secure Design
  • Interoperability with Ethereum

Use Cases

Arbitrum is used for improving the scalability of Ethereum-based applications, reducing gas fees, enabling efficient token swaps and DeFi transactions, enhancing gaming experiences, and providing a seamless experience for users and developers building on the Ethereum network.

Visit their official website to learn more:
https://arbitrum.io/
Accounting Features Supported for
Arbitrum
Unrealized G/L & Impairment Calculation
Soon
Reconciliation & Sanity Checks
Soon
DeFi Protocols
Soon
NFTs Valuation
Soon
Automated Rule Categorization
Soon
Integration to ERPs, QBO, Xero, Netsuite, etc.
Soon

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