Hamster Kombat is a Telegram-based tap-to-earn game where players manage a virtual crypto exchange and earn coins. Its native token, HMSTR, will be released via airdrop on Sep 26, 2024.

's popularity surge has put a spotlight on the tap-to-earn variety of play-to-earn games. Now, another tap-to-earn game based on Telegram — 

 sector. The game allows each player to manage their own virtual crypto exchange, tapping to earn more coins and completing various tasks and activities to boost their earnings. Virtual coins accumulated in the game will soon be claimable, with the project's planned native token, HMSTR, set to launch on Sep 26, 2024. As of Sep 18, 2024, 

 has reportedly amassed an impressive user base of around 300 million players.

 is a hamster-themed play-to-earn game that was launched on March 25, 2024 on Telegram. Its players collect coins simply by tapping on the screen.

 Each tap earns you virtual coins, which can be claimed through the game's planned native token, HMSTR. 60% of the HMSTR supply is set to be released via 

You can easily start playing the game via the 

 telegram channel. Gameplay starts when you assume the role of a cryptocurrency exchange CEO, which is represented by a cute hamster avatar that can be customized with various skins. You’re given a choice of several exchanges to own. After making your selection, you proceed in the game by tapping on the image of the hamster. The tapping increases your virtual assets and in-game rank. There are also other ways to earn coins or boost your position, which we'll touch upon further in the article.

 encourages active and frequent participation. This concept is similar to other games that encourage user action via frequent, high-involvement tapping, clicking or swapping, e.g., 

 has amassed an impressive user base of 300 million players and thus far hasn’t been implicated in any fraudulent activity. It appears to be a legit game, although some users on social media have raised concerns about the lack of an immediate claim mechanism, as well as inconsistencies in some of the asset counters used in the game.

 is just a game for leisure and fun, and users shouldn't treat it as a definite asset accumulation opportunity. The game's legitimacy regarding payouts will become clearer once the HMSTR token is actually launched and users can claim their virtual coins in exchange for the cryptocurrency.

 is akin to another viral Telegram-based game — 

 also operated without a crypto token of its own, and was just a fun pastime, rather than a serious reward accumulation endeavor. In mid-May 2024, 

 finally launched its native token, NOT, which surged over 270% within a month, rising from its initial price of around $0.007 to $0.028 in June. However, it should be noted that 

 has since declined from its ATH of $0.028 and is currently trading at around $0.0077.

's tapping mechanics, the most basic gameplay in 

 simply requires you to tap on the hamster on the screen to earn coins. You can also boost your taps to earn more coins by leveling up boosters, such as 

which increases the number of coins you can earn per tap, and 

. You can also make use of daily boosters like

 for free (up to six times) when you run out of energy to tap.

 app daily, you’re given the opportunity to complete daily tasks and earn additional coin rewards of up to 50 million HMSTR, as well as exclusive skins. In general, these tasks are as simple as playing the game — you only need to tap on the available daily reward to claim coins. 

: Make sure to join the game at least once per day, for up to three weeks, in order to stay eligible for the daily task rewards for each day.

You can also receive additional rewards by completing task lists. Each task in the list earns you more points. Typical tasks involve joining the game's Telegram channel, following 

 or inviting friends to sign up to the platform.

The Daily Combo lets you win a sizeable bonus of 5 million coins each day upon getting the right combination of three specific exchange upgrades, spread across categories like Markets, Legal, PR & Team, Web3 and Specials. The Daily Combo resets daily at 12PM UTC, so you'll have to achieve the correct combination before the UTC day ends. You can attempt a maximum of three combinations per day, with each attempt limited to a certain number of moves. 

s Daily Cipher allows you to win 1 million coins by figuring out the word of the day using Morse code, a system of dots and dashes used to symbolize letters and numbers. After guessing the word of the day, you then have to tap out its Morse code. You can attempt to solve it up to five times per day. The Daily Cipher refreshes every day at 7PM UTC.

 also features 12 games and two mini games. You’re required to log in to the various game apps in order to earn up to four golden keys per game. The mini games are

 requires you to retrieve one golden key from the sliding puzzle of red and green candlebars within a time limit of 30 seconds. Meanwhile, you can earn more coins by sorting and pairing colored hexagon tile stacks on 

 is available exclusively through Telegram. You can search for 

 button to be directed to the game channel. You don't need to pre-purchase any crypto or connect a

 to start in the game — it's free to join and play.

Tips and Strategies to Maximize Your Profits

Tapping on the screen isn't the only (or even most effective) way to maximize your earnings in 

. As highlighted above, there are various ways to play 

. Below are some of the best ways for you to speed up your earnings and boost your profits.

 to earn passive income, even without tapping, by clicking on the 

 button at the bottom of the app to upgrade your exchange across various categories. By selecting the right card combo to upgrade, you can even earn an additional amount of 5 million coins each day from the Daily Combo.

: If you correctly complete both the Daily Combo and Daily Cipher each day, you’ll earn a total of 6 million coins per day. However, the Daily Combo and Daily Cipher aren’t easy to master without some guidance, so Bybit Learn is here to help you. Make sure to check out our daily guides to Daily Combo and Daily Cipher so that you can easily get your hands on 6 million coins each day!

's native token, with a total supply of 100 billion. Of the total supply, 60% is allocated to players via the upcoming 

 airdrop on Sep 26, 2024, with the remaining 40% reserved for providing market liquidity, ecosystem partnerships and grants, rewards for squads and more.

Bullish on this tap-to-earn token? Now you can be one of the early birds to get your hands on HMSTR — even before next week’s 

 has been running since Jul 8, 2024, 10AM UTC, at a floor price of 0.001 USDT. Meanwhile, HMSTRUSDT was 

Tap-to-earn Telegram games are all the rage now in the world of crypto gaming. It all started with 

's meteoric rise, which has now been further propelled by 

 has already surpassed many other prominent SocialFi games with its user base of 300 million. Meanwhile, 

 — the first tap-to-earn game that turned viral — has a user base of just 35 million. Furthermore, the 

teamcontinues to innovate with even more engaging gameplay and rewards, all of which have contributed to its spectacular success thus far.

Beginner

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What Is Hamster Kombat (HMSTR): Tap Your Way to Crypto Riches

AI Companions is a web3 platform that provides highly customizable and emotionally intelligent virtual companions to users looking to interact in the digital age.

We’re living in a rapidly changing digital world where technology has taken over our lives, greatly reducing human interactions. In this digital age, the internet and smartphones have reshaped our routines, dominating communication and daily tasks and leaving large numbers of people in civilized countries feeling isolated and with a deep craving for meaningful social interaction.

 (AI) companions, innovative virtual entities designed to provide immersive interaction between AI avatars and humans. These virtual companions are powered using generative AI technology, which consists of simulated emotional intelligence that’s designed to enhance the connection.

Against the backdrop of this growing demand for virtual AI companions, the 

 project AI Companions was created. It leverages AI, virtual reality/augmented reality (VR/AR) and 

 to provide a personalized virtual companionship experience that meets each user's unique preferences.

AI Companions is a digital platform that allows you to create highly personalized virtual beings by leveraging AI, VR/AR and blockchain technologies to build an immersive virtual companionship experience.

 The platform aims to unlock endless opportunities in the rapidly expanding world of virtual companionship by providing a platform where emotions and technology can interact.

Unlike other platforms that offer interactions in the form of chatbots or visual aids, AI Companions’ unique proposition consists of a lifelike human interaction through virtual reality that re-creates what feels like an actual emotional connection. Furthermore, the platform has integrated blockchain technology to ensure security, transparency and privacy when interacting.

At the heart of these AI-powered interactions is the AIC token, which powers the platform’s transactions and seamless operation.

The vision and mission of AI Companions is to leverage innovative technology to provide users with what feels like an emotionally rich virtual companionship. To achieve this, AI Companions has integrated three core technologies: AI, VR/AR and blockchain.

The platform uses AI to identify and learn your preferences in order to create a personalized partner for you, and even allows you to utilize celebrity or influencer models. Furthermore, the presence of advanced VR/AR features makes the interactions more realistic, and enriches the experience even more.

Security, privacy and integrity are core when offering a product like this. To that end, AI Companions is built on blockchain technology in order to achieve key features, such as data privacy and security, through advanced encryption, user consent management using 

, and an immutable ledger for transparency and accountability.

The platform employs the following monetization strategies to ensure sustainable revenue generation centered on the AIC token.

To ensure maximum flexibility and accessibility, AI Companions uses a subscription model that caters to a range of preferences and budgets. The basic access model is free and allows access to limited features. There’s also a hybrid subscription that combines token-based and cash subscription models. Users stake AIC tokens to access features for the token-based model, while the cash model requires users to pay a monthly fee. The token-based subscription features a 20% fee discount designed to encourage users to pay using AIC tokens.

The “pay per experience” strategy allows users to pay for premium features and personalized experiences using AIC tokens without committing to a long-term subscription. This model allows you to access features such as customized packs, the ability to send virtual gifts to companions and even enhanced experiences such as upgraded VR environments.

AIC, the native crypto token for the AIC Companions platform, is a 

 token launched on BNB Smart Chain. The token powers the AI Companions platform and provides access to diverse features. When subscribing to the hybrid model, you can use the AIC token to pay for discounted fees. You can also stake your AIC tokens to gain additional value through access to premium features and experiences.

To maintain the token’s value, AI Companions will apply a buyback-and-burn strategy. The platform will use some of the profits generated to buy back AIC tokens and 

 some of them quarterly. This will reduce the circulating supply in order to increase the token’s value.

Moreover, the project will manage a treasury reserve designed to support long-term sustainability and growth. A portion of the bought-back tokens will be put in this reserve to ensure liquidity in the future.

The total supply for AIC is 1 billion tokens, distributed as follows:

AIC's price as of Sep 18, 2024 is $0.074 , just 8% lower than its ATH of $0.08177 on Sep 11, 2024, and almost 100% higher than its ATL of $0.03771 on Sep 10, 2024. Its market cap is approximately $66.9 million.

Is AI Companions (AIC) a Good Investment?

After a successful launch in the first week of September 2024, the AIC token has generally been on a positive trajectory during which its value increased by over 115% within a 24–hour period. Such reception from the market indicates that AI Companions is providing an in-demand product in its niche.

Statistics predict that the AI market could hit $1 trillion by 2028, while the VR niche could be worth $57.55 billion by 2027. Projects such as AI Companions that offer innovative products leveraging these technologies are strategically positioned to reap big from this growth. In addition, AI Companions has a strategic and detailed road map designed to steer the project toward sustainable growth, including extensive community building, expansion of the platform’s capabilities, marketing campaigns and increased exchange listings.

As the digital age continues to unfold and AI increasingly shapes our lives, investing in the AIC token, which is the heart of the project, could be profitable due to the increased demand for AI and VR/AR-related products. That said, we strongly recommend you 

 before investing in AI Companions, since crypto projects are prone to volatility. AIC’s price volatility is evident in the extreme swing between its ATL and ATH just a day apart from Sep 10 to Sep 11, 2024.

There's a growing demand for AI companion markets as human interactions diminish due to technological advances. Projects such as AI Companions are timely in filling this void by combining AI, VR/AR and blockchain technologies. AI Companions offers users the opportunity to interact intelligently with virtual entities, making AIC a crypto to watch as its platform seeks to align with the needs of the digital age.

AI Companions.png

AI Companions (AIC): The Future of Personalized Relationships

The U.S. Federal Reserve cut interest rates by 50 basis points to 4.75%-5%, its first reduction in four years.

The SPX index was down by 0.29%, after initially hitting a record high before turning lower following the Federal Reserve's decision to cut rates by 50 basis points. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 3.21%, with Bitcoin rising by 0.13% and Ether dropping by 0.80%, in the past 24 hours.

Today's top performer is TAIKO, which surged 27.4% following the launch of the Taiko Grant Factory Hackathon, offering $100K in prizes for sustainable Web3 innovations.

Taiko (TAIKO), launched in May 2024, is a fully open-source, Ethereum-equivalent ZK-rollup scaling solution designed for decentralized, secure and permissionless operations. 

 starts on September 25, 2024, inviting innovators to build solutions in the Taiko ecosystem. The hackathon focuses on long-term sustainable projects across three tracks: DeFi/AI/DAOs, Gaming/NFTs/SocialFi, and Social Impact/ReFi. Participants are required to deploy projects on Taiko, submit a 6-month grant proposal, and explore sustainable Web3 business models. The total prize pool is $100,000, with $30,000 per track and additional special awards. For details and registration, visit the Taiko hackathon page.

Check Out the Latest Prices, Charts, and Data of 

The U.S. Federal Reserve cut interest rates by 50 basis points to 4.75%-5%, its first reduction in four years. Following the announcement, Bitcoin briefly rose to $61K before falling back below $60K. The Fed expects further rate cuts to bring the benchmark rate to 4.4% by year-end. U.S. equities closed lower after an initial gain, and gold hit a new high before retracing. The dollar index fell to its lowest level since July before recovering. Crypto-related stocks and cryptocurrencies saw volatility, with increased correlations to broader risk assets.

Yesterday, the total outflow for BTC Spot ETFs was $52.7 million, with $8.1 million from GBTC and $44.6 million from non-GBTC funds.

, a decentralized network focused on private, user-owned data and AI, has raised $25 million with backing from Coinbase, Paradigm, and Polychain. Their Telegram bot allows users to mine Vana points, which can be converted into $VANA tokens during the token generation event (TGE). Users can also earn points by completing daily tasks, challenges, and inviting friends.

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Fed Cuts Rates by 50 Basis Points Spurring Positive Price Momentum for BTC and Altcoins

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

, where your skills in decoding daily Morse code puzzles can significantly enhance your mastery over your crypto exchange. Every puzzle, released at 7PM UTC, not only sharpens your mind but also offers the chance to earn considerable in-game rewards.

 lies the Daily Cipher, a challenge that invites players to unlock Morse code puzzles. Successfully solving these daily puzzles not only increases your coin stash but also enhances your strategic thinking, crucial for navigating the game’s complexities.

Today’s Hamster Kombat Daily Cipher: Sep 19, 2024

 Daily Cipher for Sep 19, 2024, is as follows:

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

 by trying out the following strategies: 

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

The Daily Cipher and the various interactive gaming activities within 

 provide numerous opportunities not only to enhance your coin balance, but also deepen your involvement in the game. Each successfully decoded puzzle contributes to your financial growth and sharpens your analytical abilities, enriching every gaming session with both rewards and intellectual stimulation.

Stay connected for daily updates and expert advice to ensure you continue to excel in the dynamic and exciting world of 

Intermediate

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 19, 2024)

Tech Deep Dive

Wondering what is Arbitrum? From lower costs to faster transaction speeds, here's all you need to know about Arbitrum's scaling potential.

CM_EN.png

Ethereum has grown so much that it’s having trouble keeping up with demand. Powering almost 

, completing over 150,000 transactions per day with over 50,000 daily active users, it’s become apparent that even 

 won’t be scalable enough long-term. That’s why Ethereum scaling solutions such as Arbitrum are crucial to the long-term success of the 

Layer 2 solutions, including sidechains, channels, and rollups, provide Ethereum users and developers with increased speed and security without the price tag. Let’s discuss what is Arbitrum and how it takes rollups to the next level — for both beginners and advanced crypto enthusiasts.

What Is Arbitrum and What Is It Used For? 

 designed to facilitate more transaction volume on the blockchain network at a lower cost. It uses the same tooling as Ethereum, so DApp developers can quickly, easily, and securely deploy apps on Ethereum using Arbitrum. 

In short, for those wondering what is Arbitrum and what it’s used for, Arbitrum is meant to 

, prevent fraud and lower the cost of operating on the Ethereum blockchain network. This Ethereum scaling solution will make DApp development seamless, fast, and secure by providing developers with an Ethereum-based platform that limits data stored 

Ethereum scaling solutions are used to make 

 networks faster and increase their ability to handle a high volume of transactions. Examples of Layer 1 networks include Ethereum and Bitcoin. Layer 1 solutions aim to alter the protocol of the blockchain network itself, instead of adding an additional processing layer. 

, which means it’s an extension to Layer 1 that’s enabled by smart contracts which are built on-chain. Arbitrum creates additional space for transactions to be processed. The solution executes transactions off-chain before reporting back to the mainchain, enhancing speed, lowering costs, and maintaining the 

To develop a deeper understanding and know what is Arbitrum along with its uses on 

, let’s talk about some different types of Layer 2 Ethereum scaling solutions and discover where Arbitrum fits into the mix. 

Sidechains are where Layer 1 scaling began. Sidechains work by running a parallel blockchain network alongside the 

. Although sidechains are essentially extra Layer 1 space, they aren’t secured by Layer 1 and are less decentralized. The problem is they can be manipulated by fraudulent validators, and the security standards may vary from chain to chain. 

Sidechains represent a shift in how developers intend to execute transactions using blockchain. Instead of maintaining a single ledger, sidechains introduce a blockchain model built with numerous layers integrated into the main blockchain network. 

 framework offloads transaction execution to sidechains — but with a twist that ensures extra scalability. Through the use of smart contracts and 

, plasma enables an unlimited number of sidechains, or child chains, to be created and designed to work in a specific way to meet the various needs of the main blockchain network. 

, which ensure secure and enforceable exchangeability. That means any user can send funds to another user in their native platform coin faster and with less latency.

Going deeper down the blockchain scalability rabbit hole, we arrive at state channels and payment channels. Channels are 

 that allow users to make a certain number of off-chain transactions with only two transactions occurring on-chain. 

Participants have to create and fund an Ethereum transaction when they open up a new channel. While the channel is open, off-chain transactions can occur. When users are ready to close the channel, they are charged again to process the transactions. 

The channel mechanism decreases the number of transactions processed on the Ethereum network and limits gas fees for opening and closing the channel. 

More specifically, payment channels are meant to transfer funds between users, and state channels are designed to create a fee-less conduit between two parties by locking up a portion of the blockchain. Because everything occurs within the sidechain channel between two participants, it’s a highly secure solution. But it lacks the ability to scale at higher volumes. 

Before diving into what is Arbitrum, we’ll first need to discuss rollups. Rollups have become one of the most popular contract-based scaling solutions for blockchain applications. Rollups scale the mainchain by essentially “rolling up” transactions into a batch, and validating them off-chain. By rolling up and compressing the data, rollups allow higher throughput, more speed, and lowered transaction costs. 

There are two main kinds of rollups: ZK (zero knowledge) and Optimistic Rollups.

, or “zero-knowledge scalable transparent arguments of knowledge,” to validate data and perform computations off-chain. The validity proof is attached to each data bundle while still having the ability to perform increased numbers of transactions. The 

 represents powerful security, since it’s publicly verifiable proof that something is true without having to reveal its state, what it is, and in what amount. 

Optimistic rollups limit on-chain computation by performing proof of confirmation only if a node suspects that a fraudulent transaction is occurring. By performing validity proofs only when fraud is suspected, optimistic rollups increase transaction speed and throughput even further. 

If you’ve ever wondered what is Arbitrum, it’s an advanced Optimistic Rollup that stores very little data on-chain for optimal scalability. Arbitrum is built on the Ethereum network and allows for up to 

 per second (TPS). That‘s faster than 

 (Consensus Layer) expectation of about 3,000 TPS. Arbitrum works with all Ethereum developer tools, including the 

 smart contract. Numerous integration options provide standard Ethereum front-end tooling for Arbitrum, making it easy to work with — and simple to build and deploy DApps. 

Now that you know what is Arbitrum, it’s now time to understand how it works. Arbitrum follows the off-chain Optimistic protocol managed by a contract on the Ethereum chain. In a nutshell, it works by validating transactions off-chain before sending confirmation back to the blockchain. Developers can create smart contracts 

, and then compile them into code that runs on the Arbitrum virtual machine. 

A Merkle tree organizes the state of the Arbitrum Virtual Machine so that the cryptographic hash value can be calculated. The hash is then stored on-chain so that the state can be fully confirmed and finalized. Only the hash values of the final state are stored on-chain. 

The state of the virtual machine is advanced when participants in an agreement propose a DA, or disputable assertion. The assertion says that the virtual machine will execute a certain amount when calculated. Each participant in the agreement needs to bet a deposit to ensure the assertion’s validity. 

If the DA is valid, the system will enter the new state. If the DA is invalid, it’s rejected by Arbitrum, and the state will not change. 

 to process multiple DAs, while the verification node takes care of how fast it can be processed. Additionally, malicious participants can’t delay the system as with other protocols. This was customized for Arbitrum prior to their Nitro upgrade which now uses a standard and well-supported compiler on Ethereum known as Geth.

One of the most important things to understand about 

 is that there’s no need for trust. As long as there is one honest participant in an agreement, then the Arbitrum virtual machine will advance correctly, no matter if the correct branch is bet on or not. A path of trust is created over time as participants execute valid transactions with Arbitrum. 

How Arbitrum Overcomes Ethereum’s Limitations

Ethereum has gained a lot of traction since it first launched in 2015. But 

, preventing the network from reaching its fullest potential. Without scalability, developers are also limited by what the network can do and how many transactions it can process. Essentially, blockchain technology has hit a wall regarding scalability — and that’s precisely where Arbitrum can propel Ethereum forward. 

What is the blockchain trilemma? Simply put, it means scaling, decentralization and security. It has proven difficult for blockchain projects to 

 of all three. Finding a solution to this blockchain trilemma can help change the way we think about cryptocurrencies and blockchain technology. 

Right now, blockchains rely on rollups like Arbitrum to complete the trifecta and create a secure, scalable and decentralized blockchain. Let’s talk about some of the ways that Arbitrum overcomes Ethereum’s limitations. 

Ethereum can only perform about 10 TPS, but Arbitrum can handle up to 40,000 

. That’s 4,000 times faster than Ethereum alone, the most widely used L1 platform in the world. 

A common problem among popular Layer 1 networks, such as Ethereum and Bitcoin, is high gas fees. Fees for 

 can cost anywhere from 1.5% to 2.3%. Arbitrum makes it possible to complete large volumes of transactions with much less gas — and they’re working on reducing fees even further. 

 out of all the Layer 2 solutions, making it an easy pick for those who know what is Arbitrum. It’s easy to use, simple for developers to understand, and powerful enough to scale on the Ethereum blockchain. 

Arbitrum is especially beneficial for developers. It’s compatible with EVM and uses Solidity code, without compiler or version restrictions. There’s also no 

, so smart contract developers can take their projects to the next level. 

Even though Ethereum 2.0 supporters are convinced that rollups will be obsolete after its full rollout, it’s clear that Arbitrum rollups are aligned to reach unprecedented scalability. Some Layer 2 blockchains plan to release their own coins, but Arbitrum has indicated that it’s a transaction-focused organization.

 and is now running live on their mainnet. At its core, Nitro changes the way Arbitrum's engine works such that it can be written and compiled using standard languages and tools instead of the custom designs used previously.

Essentially, Arbitrum Nitro provides the network with a ton of improvements. This includes 10 times more in throughput, further lowering transaction costs on Arbitrum, 

interoperability, and creating a safer environment when passing messages from Arbitrum to Ethereum.

Arbitrum currently does not have a native coin and may be releasing one in the future. While Arbitrum has been live on the mainnet for around a year, the team has not mentioned anything around a native coin for the ecosystem. That said, it is worth mentioning that their competitor, Optimism airdropped its native coin months after making its platform available for testing and the OP airdrop was given to users who interacted with multiple facets on the Optimism network. 

Arbitrum and Optimism built on what Polygon was unable to accomplish. Although 

 is free, Arbitrum and Optimism have features that other rollups can’t compare with. They’re both built directly into the Ethereum mainchain, providing optimal 

Although Arbitrum and Optimism have several similarities, it’s their differences that set them apart. Let’s discuss some of these similarities and differences in more detail — so that you can decide which rollup is the best option for your purposes. 

Similarities Between Arbitrum and Optimism

After going through the basics of scaling solutions and what is Arbitrum and Optimism, it’s important to understand that both Arbitrum and Optimism are considered Optimistic Rollups. We briefly covered these in a previous section about 

, but now we’ll see how this plays a part in the relationship between Arbitrum and Optimism. 

Both Arbitrum and Optimism can condense several transactions into one single transaction. They then process the transactions outside the Ethereum blockchain before transmitting the data back to the main chain. 

, Optimistic Rollups such as Optimism and Arbitrum can significantly reduce the time that it takes to complete a transaction on-chain. Additionally, they can both be implemented into existing 

A disadvantage that both Arbitrum and Optimism must contend with is that any challenged transactions can be held for one week. This is one way that the rollups attempt to prevent fraudulent transactions, but it can take some time if you’d like to transfer digital assets back to the main chain. 

Differences Between Arbitrum and Optimism

At first glance, Arbitrum and Optimism seem to be identical Optimistic Rollups. However, one key difference sets the two apart — and it has to do with how they deal with fraudulent transactions. 

When Optimism processes a fraudulent transaction 

, the rollup sends the entire transaction back through the 

. When Arbitrum processes a suspicious transaction off-chain, it only sends the suspicious part of the transaction back through the EVM. 

It is through this fraud-prevention mechanism that Arbitrum sets itself apart from Optimism. And because all suspicious transactions are processed off-chain, Arbitrum can achieve a 

Table 1: Product Features of Arbitrum vs. Optimism

Which Is Better — Arbitrum or Optimism?

At this point, it’s hard to say if Arbitrum or Optimism is better. With the rate of blockchain development rapidly unfolding, we could be looking at even faster and more secure Layer 2 solutions than we thought possible.

As it is, Arbitrum currently offers the most to users when it comes to security and fraud prevention. On the other hand, Optimism’s faster transaction time is good for users who want more liquid digital assets. 

If we had to choose (and we did), we’d pick Arbitrum. 

Arbitrum supports DeFi and DApps on the Ethereum network by increasing 

 — without compromising security — while still maintaining low operating and trading costs. At the time of writing, Arbitrum represents 50% of the 

 across Layer 2 networks since last year’s 

Looking toward the future, Arbitrum has more to offer the DeFi and blockchain community than any other Layer 2.

If Arbitrum follows a similar airdrop route as Optimism, utilizing the top protocols on the Layer 2 could possibly benefit users. This includes using 

. Check out our article covering the list of protocols on Arbitrum.

Easy Deposits and Withdrawals on Bybit With Arbitrum

Finally, understand what is Arbitrum and be ready to experience it firsthand. Bybit makes it easy to deposit and withdraw ETH, USDT, and USDC on the Arbitrum network. The platform allows users to enjoy the speed, security, and cost-efficiency of trading on Arbitrum. 

Bybit is trusted by millions of users worldwide and is one of the fastest-growing crypto exchanges. You can buy Bitcoin, Ethereum and USDT hassle-free with Bybit’s streamlined process and easy-to-navigate dashboard. With over 80 payment methods and nine fiat options, Bybit offers many ways to interact with crypto, including crypto market trading, 

Making deposits and withdrawing assets are streamlined with both Bybit’s desktop and mobile app. 

In a blockchain ecosystem that’s expanding and seeking interaction between a series of chains, Arbitrum’s scaling solutions provide a look into what the future of crypto and blockchain has in store. With unmatched speed, critical built-in security protocols, and low operating costs, DeFi use cases are coming into focus with the help of its scaling potential as more users begin to understand what is Arbitrum.

What Is Arbitrum: Optimistic Rollups to Solve Scaling Without Compromise

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards