Arbitrum, developed by Offchain Labs, is an Ethereum Layer 2 blockchain rollup technology. Its main advantage is enabling high-performance, cost-effective Ethereum transactions while simplifying the development process for Ethereum developers by abstracting the complexities of Layer 2 technology. By employing rollup technology, Arbitrum consolidates multiple transactions into a single one, leading to reduced fees and faster transaction speeds for users.
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The Indonesian Rupiah (IDR) is the official currency of Indonesia, issued by Bank Indonesia. With Indonesia being a growing hub for blockchain adoption, IDR-backed stablecoins and crypto trading pairs are emerging, making it easier for local users to access digital assets.