Hassan Maishera
On Tuesday, the Arbitrum team announced via X that Virtual Protocols has now launched on the Arbitrum blockchain.
With Virtuals Protocol, AI agents can coordinate, transact, and operate as autonomous businesses powered by Arbitrum's low costs, deep liquidity and reliable execution.
Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed 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 the features, protocol upgrades, funds allocation and election of a 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 2.3% today and is trading at $0.09863.
