Bitcoin is a decentralized digital currency that works as a medium of exchange for goods and services. It was created in 2009 by a pseudonymous programmer named Satoshi Nakamoto (believed to be a Japanese man) as an alternative to other existing forms of currency, which are controlled by national governments and monetary authorities. Similar to cash, Bitcoin only exists digitally, but unlike cash it can be used to buy things electronically, like online goods or services. Bitcoin is made possible by a technology known as blockchain, which acts as the underlying infrastructure that makes facilitating transactions possible without the need of a third party (for example, banks).

Bitcoin

Arbitrum Blockchain is a public, permissionless blockchain that provides a foundation for developers to build, deploy, and integrate decentralized applications (DApps). Arbitrum is a product of the Arbitrum Foundation, a non-profit organization based in Switzerland. The Arbitrum Foundation is funded by the community through an initial coin offering (ICO).

	Bitcoin	Arbitrum
Created by	Satoshi Nakamoto	Germans Gedgauds
Native token	BTC	ETH
Consensus algorithm	PoW	PoS
Hashing algorithm	SHA-256	KECCAK-256
Supports EVM	No	Yes
TPS	5	4000
Block time (secs)	600	13
Layer	1	2
Supports smart contracts	No	Yes
Average transaction fee	$5.0973	$0.101
Staking rewards (APR)	0%	%

Bitcoin vs. Arbitrum

Overview

Table of Contents

Comparison

Is Bitcoin faster than Arbitrum?

Is Bitcoin cheaper than Arbitrum?