What are the differences between Arbitrum and Optimism in the world of cryptocurrency?

1 answers

• Dec 17, 2021 · 3 years ago
  Arbitrum and Optimism are two Layer 2 scaling solutions for Ethereum, each with its own unique features. Arbitrum uses Optimistic Rollups, which allow for faster and cheaper transactions by bundling multiple transactions together. On the other hand, Optimism utilizes Optimistic Virtual Machine (OVM) technology. In terms of scalability, both solutions aim to increase the capacity of the Ethereum network, but Arbitrum claims to have a higher potential for scalability. In terms of adoption, both Arbitrum and Optimism have gained attention from the Ethereum community, but Arbitrum has been adopted by some prominent DeFi protocols, giving it an advantage in terms of usage and liquidity.
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