BitGo is pleased to announce support for ARB, the native ERC-20 governance token for Arbitrum. Clients can now custody ARB in Hot, Custodial, and Self-Managed Cold wallets.
What is Arbitrum?
Arbitrum is a Layer 2 (L2) technology designed to enhance scaling solutions by empowering users to explore and build in the largest Layer 1 ecosystem, Ethereum. Its L2 scaling solution is tailored for Ethereum, amplifying the network’s capacities through accelerated transaction speeds, bolstering scalability, and integrating privacy functionalities.
According to Arbitrum, the main objective of the blockchain is to tackle Ethereum’s smart contract constraints, such as inefficient performance and exorbitant execution expenses, which have impeded the overall user experience on the platform.
What sets Arbitrum apart?
Designed to empower builders, Arbitrum Rollup allows developers to migrate smart contracts from Ethereum to L2 with minimal or no modifications. Its suite of L2 scaling technologies, inclusive of optimistic Rollups, enables Ethereum smart contracts to expand their scalability by communicating with other smart contracts both on the Ethereum mainchain and within the Arbitrum second layer.
As an optimistic Rollup for Ethereum, it powers high-throughput and low-cost decentralized applications (dApps). Additionally, it uses Arbitrum Rollups to bundle hundreds of transactions into one and offload traffic from the ETH mainnet onto the L2 chains. This is important as ETH still faces some limitations. This solution increases the throughput of the Ethereum network while maintaining its security and decentralization properties. As a result, dApps become more usable and scalable by reducing transaction costs and increasing throughput.
Does this launch include other tokens?
With the launch of native ERC-20 token ARB, we’ve also added support for more tokens, including:
Arbitrum
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Arbitrum Ethereum (Arbeth): Bridged ether tokens on Arbitrum
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ChainLink (Arbeth:Link)
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USDC: Can be added to Arbeth wallet
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USDT: Can be added to Arbeth wallet
Get started today
On the BitGo platform, builders and investors can now use and create fast, safe, and user-friendly services for ARB.
Click here to learn more about availability.
Interested in building with ARB? Review our developer docs.
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BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.
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