Hassan Maishera
On Wednesday, the Arbitrum team announced via X that Ontorium has launched on the Arbitrum blockchain. With this launch, Ontorium is bringing institutional-grade, physically backed gold fully on-chain with OXAU(Ontorium Gold), opening a new frontier for RWA infrastructure in decentralized finance.
Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speeds and cheaper transaction costs when interacting with web3 dApps.
Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability, and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is made possible thanks to moving most of the computation and storage load off-chain.
Arbitrum’s native token is called ARB and is used for governance. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO. ARB holders can vote on proposals that affect features, protocol upgrades, fund allocation, and the election of the Security Council.
Arbitrum uses optimistic rollups to stand out from other scaling solutions for Ethereum. It claims to offer several advantages over other optimistic rollup solutions, such as:
Compatibility: Arbitrum supports unmodified EVM contracts and transactions, meaning that any existing Ethereum DApp can run on Arbitrum without any code changes.
ARB, the native coin of the Arbitrum network, is up 2.36% today and is trading at $0.1236.
