This means that users can interact with smart contracts on the Arbitrum sidechain with much lower fees and faster confirmation times compared to the main Ethereum network.
Arbitrum's technology has been well-received by the Ethereum community, and many projects have already started integrating with the platform. Some notable projects that have announced plans to launch on Arbitrum include Uniswap, Aave, and Chainlink [3].

Arbitrum Airdrop Allocation

The total amount of 1.162 billion ARB has been set aside for the airdrop which can be claimed beginning on the 23rd of March.

References

Felten, E., & Narula, N. (2021). Arbitrum: Scalable, private smart contracts. arXiv preprint arXiv:2106.02801. Offchain Labs. (2022). Arbitrum FAQ. https://offchainlabs.com/arbitrum-faq/ Wilmoth, J. (2021). Ethereum Scaling Solutions: An Overview. Coindesk. https://www.coindesk.com/ethereum-scaling-solutions-an-overview

Arbitrum

Arbitrum is a layer-2 scaling solution for Ethereum that aims to improve scalability, reduce gas fees, and increase transaction throughput. It uses Optimistic Rollups, which are a type of Layer-2 scaling technology that allows for off-chain computation of smart contract transactions [1]. The technology was developed by Offchain Labs, a company co-founded by Ed Felten, a computer science professor at Princeton University.

Arbitrum achieves its scalability goals by offloading transactions from the Ethereum mainnet onto a sidechain that runs on Arbitrum's technology. The sidechain is connected to the mainnet through a bridge contract, which allows for the transfer of assets between the two chains [2].