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    Gate.io to support direct deposits and withdrawals onto Ethereum scaling solution Arbitrum

    Create Time:2022-06-24 10:37:13 UTCRead:18178

    Gate.io is pleased to announce that Gate.io has supported direct deposits and withdrawals onto Ethereum scaling solution Arbitrum

    What is the Arbitrum Network?
    As a Layer 2 expansion network of Ethereum, Arbitrum is fully compatible with the EVM(Ethereum Virtual Machine) for which is developed by Offchain Labs and uses Optimistic Rollups technology to improve the scalability, speed, and privacy of on-chain contracts. Gate will fully support Arbitrum mainnet and enable the functionality for its users to deposit directly onto the Arbitrum mainnet without having to interact with the base layer of Ethereum. It's a great honor and pleasure for us to be the leading cryptocurrency exchange to enable direct access to an Ethereum Layer 2 protocol.

    Why Arbitrum?
    Arbitrum is the most Optimistic Rollup on the market.

    ✔ Typical transactions on Arbitrum use 2–3k Ethereum gas. With the introduction of BLS signatures in our release candidate, developers can now cut these costs down even further.

    ✔ Arbitrum is EVM compatible on the bytecode level so no need to rewrite your code or use any custom compilers or new tools to download. Your Solidity/Vyper code just works as does whatever tooling you're using (e.g. Truffle, Hardhat, Brownie).

    ✔ Arbitrum breaks out of Ethereum’s contract size limit and transaction gas limit.

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    Reach out to us!
    Twitter: https://twitter.com/gate_io
    Telegram: https://t.me/gateio
    Podcast: https://gateio.buzzsprout.com/?ch=buzzs

    Gate.io Team
    June 24th, 2022

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