Buy Arbitrum (ARB)

The safest way to store Arbitrum is with a hardware wallet. However, if you are new to the world of crypto and want us to manage things for you, the Anycoin Vault is the easiest option for you. With Anycoin Direct, you don't have to worry: store Arbitrum securely in our Anycoin Vault.

Yes, you can buy Arbitrum with iDEAL at Anycoin Direct. You can also pay with Paypal, SEPA, Sofort, VISA, Mastercard and EPS.

You don’t need to buy whole cryptocurrencies to trade them. You can buy small parts of any cryptocurrency. For example, on Anycoin Direct, the minimum purchase amount is €10.

Yes, while buying Arbitrum you can choose to send it to your own wallet. Alternatively, you can choose to be managed by us; we will then store your Arbitrum securely in the Anycoin Vault.

Yes, buying Arbitrum is safe with Anycoin Direct as we have advanced security techniques and are officially licensed by The Dutch Central Bank. Buy ARB safely with us with a wide range of payment options.

Yes, Arbitrum is legal in England. You don't have to worry about the legality of buying Arbitrum.

Depending on the amount of cryptocurrencies you own and the country you live in, the rules for this are different. Always make sure to get information from your personal government authorities.

No, identification is mandatory for all our clients. We are required to conduct a thorough client due diligence. This is done using the Know Your Customer principle.

Yes, it is possible to make a business transaction through Anycoin Direct. While creating an account, you can choose a business account.

Arbitrum was created primarily as a layer 2 protocol to solve the problems at layer 1 and especially the scalability of Ethereum. So on their main page, this is the subtitle: "scaling Ethereum".

Arbitrum is programmed in Solidity, Ethereum's language. Because they use an open source Arbitrum compiler, any Ethereum-based token can interoperate with Arbitrum dApps and the Ethereum Virtual Machine.

Arbitrum makes choice and privacy easy and lets developers choose their own validators, as well as specify what information can be shared with other users.

With a max number of transactions of about 40 per second for the entire Ethereum network, which is justifiably huge, users have no choice but to bid against each other to get their transactions validated, thus supply and demand raises the price.

Arbitrum's overall goal is to enable user-friendly decentralized applications. With that comes, of course, low gas fees for a transaction and high speed for processing it.

Layers

When we talk about a layer 1 protocol, we are talking about first-generation blockchains. Bitcoin, Ethereum, Litecoin, these are layer 1 networks with limited scalability.

A layer 2 protocol adds on top of layer 1 technology, which usually has to do with reducing the cost of layer 1 and increasing the speed of these networks.

Arbitrum uses the power of Ethereum, security and smart contracts, to enhance their technology.

Arbitrum One and Arbitrum Nova gain additional power from their patented Nitro technology stack. This next-gen rollup architecture provides roughly 7x more throughput than Ethereum, without any concessions to security and with much lower fees.

Arbitrum One

To get an idea of what you can use Arbitrum One for, we will mention some well-known apps that use it. Since there are tig we will give a small selection.

Ø 1 Inch - swapping

Ø Aave - lending

Ø Ankr - node providers

Ø Arbitrum News DAO - tools

Ø Binance - centralized exchanges

Ø Celer - bridges

Ø Chainlink - tools

Ø DAI - stablecoins

Ø Halls of Olympia - gaming

Ø Loopring - wallets

Ø MakerDAO - dApps

Ø Open Sea - NFT marketplaces

So you can use Arbitrum One for a very large number of things, and as you can see, it is being used. Hundreds of companies and apps are already using Arbitrum, their network is huge.

With a total value locked in of nearly $2 billion, they are at the top of their playing field.

Arbitrum One works with Arbitrum rollup and is a trustless, permissionless protocol for "rolling up" transactions in a bundle. This makes it cheaper and faster to do business on the Ethereum blockchain.

As long as there are still two honest DAC nodes (see below), business can be done. This optimistic rollup strategy greatly increases speed.

Arbitrum Nova

With Arbitrum Nova, think of pretty much the same use cases, such as stablecoins, NFT, wallets, games, tools, nodes, bridges and also social. The number of networks using it is a lot smaller, though.

Arbitrum Nova uses the Arbitrum AnyTrust protocol. Here they use a DAC (Data Availability Committee) to capture data off-chain permissioned so that data can only be delivered by chosen nodes on demand and reliably.

This technique significantly reduces transaction costs and virtually eliminates congestion. Their consensus algorithm ensures that gas fees for the Ethereum blockchain have shrunk considerably for their customers.

If you want to know more general things about Arbitrum, you can visit the page called "A gentle introduction to Arbitrum."

If you want to get a good run through with technical aspects, you can sit back and read their Nitro white paper.

Arbitrum is a Web 3.0 technology. It sticks to its roadmap, in which they promised to let the important decisions in the future be determined by the holders of the $ARB token.

With the important airdrop for their loyal users, that time has come. At the Arbitrum DAO, people will be able to vote with that token or they can delegate their vote. 11.62% of the tokens will be owned by the users.

As a result, the future of Arbitrum will not be in the hands of a small group of hotshots, as is the case with many blockchains, but rather the holders of the $ARB token.

However, there will still be a fire department called the Security Council. This is elected by the Arbitrum DAO voters and is responsible for dealing with things like a crisis, bug or disaster of any kind requiring immediate action.

The community members on Discord are called Arbinauts.

If you want to know more about the DAO, the airdrop and how it works you can visit their introduction page on DAO governance.

Expectations are high, especially with the airdrop ahead. However, our crystal ball is broken, so the future seems somewhat clouded.

With a good number of tokens coming to market, the potential for dilution due to increased supply is high.

On the other hand, this is an excellent network with high utility value, a strong team and technically highly engineered. Furthermore, this team is not sitting still and seems to be well underway.