Arbitrum is a collection of scaling solutions for Ethereum that is being developed by Offchain Labs. ARB is the native governance token of Arbitrum, which serves as a means of governance and staking. As of now, the Arbitrum project doesn't appear to directly assist activities that violate Islamic law.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as âMalâ. | Passed |
| Project | Arbitrum, a collection of scaling solutions for Ethereum, is being developed by Offchain Labs, a New York-based business. Included in this is the EVM-compatible Arbitrum Rollup, which is currently operational on a testnet with all of its features exposed to the general public. Without sacrificing security, Arbitrum Rollup instantly scales Dapps, reduces costs and enhances capacity, while Arbitrum itself is an L2 scaling solution for Ethereum, aimed at making it faster, more scalable, and more cost-effective. Arbitrum charges a fee for each transaction to distribute resources during peak demand, cover chain operating expenses, and align incentives. Presently, the Arbitrum project doesn't seem to provide direct support for actions that contravene Islamic law. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | ARB is the native governance token of Arbitrum, which serves as a means of governance and staking. ARB holders can vote on proposals that could impact features, protocol upgrades, funding allocation, and the selection of a Security Council. In addition, ARB token owners can stake their tokens and earn fees for securing the network. | Passed |
| Staking Method | Validators who stake ARB tokens will receive fees for securing the network. | Passed |
Read the source document and verify project fundamentals.