We are excited to announce that XSGD is now live on Arbitrum, a leading Ethereum Layer 2 scaling solution. This milestone marks a significant step towards enhancing the efficiency, speed, and cost-effectiveness of transactions for XSGD holders.
XSGD on Arbiscan.io: 0xE333e7754a2DC1E020a162Ecab019254b9DaB653
Why Arbitrum?
Arbitrum offers faster transaction speeds and significantly lower fees compared to Ethereum’s mainnet, without compromising on security. By leveraging Arbitrum’s advanced rollup technology, StraitsX users can now enjoy:
- Lightning fast transaction confirmation
- Substantially reduced gas fees
- Seamless cross-chain interoperability
What sets Arbitrum apart?
Arbitrum employs Optimistic Rollup Technology, a Layer 2 scaling method that enhances Ethereum’s throughput by executing transactions off-chain while relying on Ethereum for final settlement. Transactions on Arbitrum are initially assumed to be valid (hence 'optimistic') and are only challenged if fraud is suspected, drastically reducing computational overhead. The rollup batches multiple transactions together before submitting them to Ethereum, significantly reducing gas fees while maintaining decentralization and security. A robust fraud-proof mechanism allows validators to dispute incorrect transactions within a challenge window, ensuring the network remains trustless and secure.
- Optimistic Rollup Technology: Ensures scalability while maintaining Ethereum’s security model.
- Broad Ecosystem Support: Integrated with major DeFi platforms, enhancing liquidity and usability.
- Developer-Friendly Infrastructure: Easy smart contract deployment with Ethereum compatibility
- Robust Security: Maintains decentralisation with a highly secure fraud-proof mechanism
What this means for you
With native XSGD available on Arbitrum, businesses, developers, and individuals can:
- Integrate XSGD into DeFi applications with improved scalability
- Facilitate faster, lower-cost transactions of XSGD
- Directly Mint and Transfer XSGD effortlessly within the Arbitrum ecosystem
Ready to experience the benefits? Sign up for a StraitsX account or login today to start transacting with XSGD on Arbitrum today.
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