The world of cryptocurrencies is constantly evolving, providing us with amazing opportunities. Top crypto platforms pay special attention to multi-currency and L2 networks because of their speed and cheapness. In this context, BetFury is adding two new networks – Arbitrum and Optimism. Enjoy these amazing novelties and play with ARB and OP tokens!
Arbitrum Network
The Arbitrum Network, developed by Offchain Labs, is a Layer 2 solution for Ethereum. It uses Optimistic Rollups – smart contracts that bundle transactions, using less computation and gas for fast and cheap transfers. These Fee savings make DeFi and NFT decentralized applications more accessible and cost-effective.
The network's Market Cap exceeds $1 billion, and the Total Value Locked (TVL) is $1.7 billion, which shows us the popularity and reliability of Arbitrum. In addition to creating a great network that replaces the expensive Ethereum, the company also created a native ARB token. It plays a crucial role in Arbitrum governance decisions – allocating funds and implementing technical adjustments.
Adding the network and ARB on BetFury, we open up a whole world of crypto gambling for Arbitrum holders and delight our users with a new popular currency. Hence, play Slots, Original games, and bet on Sports using new currency!
ARB Token
- Price: $0.77
- Staking Pool: BTC
- Min deposit: 0.7 ARB
- Min withdrawal: 0.7 ARB
- Withdrawal Fee: 1 ARB
- Link for Arbitrum Network
- Exchanges: Binance, KuCoin, Kraken, Huobi Global, etc.
Optimism Network
The Optimism Network is also based on Optimistic Rollups. It aims to increase the scalability of Ethereum by processing transactions on its layer before sending them to the Ethereum mainnet. So, Optimism solves the same congestion problems as Arbitrum.
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The Market Cap of Optimism exceeds $1 billion, and the TVL is slightly lower - about $600 000. In 2023, the popular exchange Coinbase launched the Base network through a partnership with Optimism. It proves to us the usefulness of this network and its importance in the market.
OP Token
- Price: $1.27
- Staking Pool: BTC
- Min deposit: 0.5 OP
- Min withdrawal: 0.5 OP
- Withdrawal Fee: 0.6 OP
- Link for Optimistic Network
- Exchanges: Binance, OKX, gate.io, Bybit, etc.
Besides ARB and OP tokens, these networks also support ETH and some stablecoins (USDT, USDC, DAI). Now, you can conduct transactions of these currencies on Arbitrum and Optimism, taking all the advantages of the new networks.
Arbitrum vs. Optimism
What is better to try first: Arbitrum or Optimism? These are undoubtedly two very similar products, each with their benefits. They both use Optimistic Rollups and help Ethereum reduce its load. Optimism is inferior to its opponent in TVL metrics and the number of protocols (in the spring of 2023). Although, the main difference between them is the architecture and proof of fraud. Optimism uses single-round proofs of fraud performed at layer 1, while Artibrum uses multi-round proofs of fraud performed off-chain. Therefore, Arbitrum's multi-stage protection is more advanced and effective. At the same time, one object (sequencer) is responsible for the proof on Arbitrum, and anyone is responsible for the proof on Optimism. Therefore, the choice of network is entirely up to you.
To summarize, multi-currency and freedom of choice are becoming increasingly important in cryptocurrencies. Arbitrum and Optimism offer solutions that could be the key to developing blockchain technology and successful integration into everyday life. Connect new networks with cheap and fast transactions, and enjoy new tokens for playing on BetFury