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Arbitrum (ARB) is a layer 2 scaling solution designed to enhance the Ethereum blockchain's transaction throughput and efficiency. By utilizing optimistic rollups, Arbitrum allows for faster and cheaper transactions while maintaining the security and decentralization of the Ethereum network.
The Blockchain Foundation for Innovation & Collaboration (BFIC) is a cryptocurrency designed to foster collaboration and innovation within the blockchain ecosystem. It serves as a medium of exchange for projects and initiatives that aim to improve blockchain technologies and promote their adoption across industries.