Supported assets, fees and security of arbitrum system

Hello friends

Assalamu alaikum
Hope everyone is doing well.

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My earlier post described about arbitrum, arbitrum bridging and functionality. The aim of arbitrum is clear. Arbitrum wants to create more secure, more reliable and cost-effective system. So I decided to write more about arbitrum system. Lets start.

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What are the assets that arbitrum supports:

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The arbitrum bridge supports a large number of cryptos, which are not limited to eth, btc, usd, dai, bnb and usdc. Because of this extensive support people can transfer any kind of asset they own on the eth network to the arbitrum system. This is mind blowing.

Moreover, the bridge accepts 15 other networks, including eth, avax, bnb, canto and poly. As a result, arbitrum bridging is a useful tool for users who want to send cryptos between blockchain networks.

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Fees in arbitrum bridging:

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When people are sending asset using arbitrum bridge they need to pay fees. You all will be surprised to know that fees are too low, I meant compared to eth it is nothing.

The cost of using the arbitrum bridge differs depending on the current ethereum gas fees. Transactions are much cheaper if the assets are on the arbitrum nsystem because gas fees in layer 2 is much lower.

Pixabay

As I said earlier the minimal fee is noting comparing eth. Not only that people can further lower the fees by adopting syn token. This allows people to transfer their cryptos to the arbitrum system at a low fee.

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Security in arbitrum bridging:

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The arbitrum bridge provides top level security. It depends on eth layer 1 security which clearly illustrates that while transactions are executed outside the chain it gets advantages from the eth networks top class security.

Top smart contract risk assessment firms have checked the bridge and confirmed that it is safe and reliable. It saves essential data like as private keys locally on peoples device, reducing threats from any outside source. Additionally, it guarantees encrypted connection between devices and the bridge for enhancing security of the system.

The interface is also user friendly. When people gets all these facilities in a system why they would not take the advantage. This is why arbitrum is getting huge hype.

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Conclusion:

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I like arbitrum because of the smoothness and cheap fees. This system is bound to grow. Nobody can stop.

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