Cryptocurrency Q&A What is the arbitrum orbit chain?

What is the arbitrum orbit chain?

BitcoinBaron BitcoinBaron Mon Nov 04 2024 | 5 answers 1195
I've heard about this Arbitrum Orbit Chain and I'm curious to know more about it. What exactly is it and how does it work? Is it related to blockchain technology or cryptocurrency? What is the arbitrum orbit chain?

5 answers

Daniele Daniele Wed Nov 06 2024
Known as Orbit L2, it operates as a second layer solution on top of Ethereum (L1).

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Daniele Daniele Wed Nov 06 2024
A key feature of Orbit L3 chains is their ability to settle transactions on other L2 chains.

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MichaelSmith MichaelSmith Wed Nov 06 2024
One such L2 chain is Arbitrum One, which itself settles transactions back to the Ethereum network.

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IncheonBlues IncheonBlues Wed Nov 06 2024
Arbitrum Orbit introduces a novel product offering in the blockchain space.

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KatieAnderson KatieAnderson Wed Nov 06 2024
This product enables users to establish their own customizable L2 or L3 chains.

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