How to Add Arbitrum Network to MetaMask – Bittime

Arbitrum is one of Ethereum's layer-2 scaling solutions designed to improve the efficiency and execution of smart contract transactions on the network. So, in this article, we will discuss how to add the Arbitrum network to MetaMask.

A layer-2 network is software that sits on top of the base layer of a blockchain such as Bitcoin or Ethereum to increase platform efficiency and offer cheap transactions.

In recent years, the surge in development and adoption of Web3, non-fungible tokens (NFTs) and decentralized applications (DApps) on Ethereum has led to excessive congestion on the platform resulting in soaring fees.

Various solutions have been explored to solve Ethereum's scalability problems, including specific layer-1 improvements. However, layer-2 solutions seem to have gained momentum, with the Arbitrum network being one of the most promising.

Why Use Arbitrum?

While relying on Ethereum's layer-1 security, Arbitrum can guarantee low gas fees due to the use of Optimistic Rollups. Optimistic Rollups are smart contracts that aggregate transactions, using less computing and gas for fast and cheap transactions.

For example, Arbitrum manages 40,000 transactions per second (TPS) compared to the 14 generated by the Ethereum blockchain.

Ethereum transactions can be very expensive, reaching hundreds of dollars in times of high user traffic, whereas transactions are only a few cents on Arbitrum. Arbitrum is also suitable for developers who want to integrate their Ethereum DApp with the platform as they are fully compatible.

Indeed, Arbitrum supports EVM contracts and Ethereum transactions at layer-2 while benefiting from Ethereum's core layer-1 security.

Arbitrum is not the first or only platform built to overcome Ethereum's limitations as other solutions provide similar features. However, none enables such a unique combination of benefits as Arbitrum.

Here is an outline of the most significant advantages that Arbitrum offers:

Fast and cheap transactions

Arbitrum uses Optimistic Rollups to reduce gas fees and increase transaction speed. Optimistic Rollups are smart contracts that aggregate transactions and validate them at layer-2, before sending them to layer-1 for final settlement. In this way, Arbitrum can reduce computing load and gas at layer-1, and increase throughput and efficiency at layer-2.

Compatibility with Ethereum

Arbitrum supports EVM contracts and Ethereum transactions at layer-2, so developers do not need to change their code or tools to use Arbitrum. Arbitrum also allows users to interact with Ethereum DApps on layer-1, such as Uniswap or Aave, via the Arbitrum bridge.

The Arbitrum Bridge is a smart contract that facilitates asset transfer between layer-1 and layer-2.

Security and privacy

Arbitrum relies on Ethereum's layer-1 security to protect layer-2 transactions and contracts. Arbitrum also adds additional privacy features by using zero-knowledge proofs (ZKP). ZKP is a cryptographic technique that allows someone to prove a statement without revealing any information other than the truth of the statement. With ZKP, Arbitrum can verify transactions without disclosing the details.

How to Access the Arbitrum Blockchain?

To access the Arbitrum blockchain, users need to set it up via a compatible crypto wallet. This article will explain how to add Arbitrum to MetaMask, the most popular Ethereum wallet.

MetaMask is a crypto wallet that allows users to access the Ethereum mainnet and its Web3 DApp and NFTs. MetaMask is a browser extension and mobile application that provides users with a key vault, secure login, token wallet, and token exchange to easily manage digital assets.

MetaMask is widely used to securely connect blockchain-based applications while protecting user privacy. Here are the steps to add Arbitrum to MetaMask:

Open the drop-down menu by clicking on the Ethereum Mainnet view. Then, click “Add network”.
Click the “Add” button that appears after Arbitrum One.
Add Arbitrum One by clicking “Approve”.
You can switch to the Arbitrum network from your MetaMask by simply clicking on it in the network selection tab.

How to Trade on Arbitrum?

After adding Arbitrum to MetaMask, you can start trading on Arbitrum easily. You just need to transfer your crypto assets from layer-1 to layer-2 via the Arbitrum bridge, and then use the DApp powered by Arbitrum.

Here are the steps to trade on Arbitrum:

Visit the Arbitrum bridge website.
Select the asset you want to transfer, such as ETH or ERC-20 token. Enter the amount you want to transfer, and click “Deposit”.
Confirm the transaction in your MetaMask. You may need to wait a few minutes for the transaction to be processed.
After the transaction is complete, you can see your balance on layer-2 in your MetaMask. You can also view your transaction history.
Now you can use DApps powered by Arbitrum, such as Uniswap, SushiSwap, Aave, or Balancer. You can find a complete list of DApps supported by Arbitrum.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.

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