Artbitrum Nova

What is Arbitrum Nova?

Arbitrum Nova is a rollup solution built by Offchain Labs that brings layer-2 scalability to the Ethereum network. It utilizes Optimistic Rollup technology to improve Ethereum's transaction throughput and reduce gas fees, while maintaining compatibility with existing smart contracts and applications.

Key Features

• Layer-2 Scalability
• Optimistic Rollup Technology
• Gas Fee Reduction
• Compatibility with Ethereum
• Smart Contract Support

Use Cases

Arbitrum Nova is used to enhance the scalability of Ethereum, making it more practical for various use cases such as decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and other applications that benefit from reduced transaction costs and increased throughput.