๐Beginner's Guide (to Arbitrum)
A step-by-step guide to setting up a wallet and getting started on Arbitrum โ Ethereum's leading Layer 2 network.
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A step-by-step guide to setting up a wallet and getting started on Arbitrum โ Ethereum's leading Layer 2 network.
Arbitrum is built by Offchain Labs, a team of world-class blockchain engineers, researchers, and Ethereum experts. Arbitrum One mainnet launched on August 31, 2021.
Arbitrum serves as Ethereum's next-generation Layer 2, bundling many transactions into one before submitting to Ethereum L1 โ dramatically reducing fees while inheriting Ethereum security
It uses Optimistic Rollups: smart contracts that batch transactions to reduce computation time and gas consumption
Arbitrum successfully migrated to Arbitrum Nitro on August 31, 2022, further improving performance
On March 23, 2023, Arbitrum distributed its $ARB governance token to the community
Adding Arbitrum support to your wallet is all you need to get started. Once set up, you can transfer funds via one of the supported bridges or from a centralized exchange that supports Arbitrum withdrawals.
Create a wallet โ set up MetaMask if you do not have a wallet yet
Set up for Arbitrum โ add the Arbitrum network to your wallet
Bridge funds โ move ETH or tokens to Arbitrum
โ ๏ธ Important: All transaction fees on Arbitrum are paid in ETH. Always keep some ETH in your Arbitrum wallet to cover gas costs.
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