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Easily convert STEEM to ARB with ConvertOnline's efficient tool.
Steem (STEEM) is a blockchain-based cryptocurrency designed to reward users for creating and curating content on social media platforms. It operates on the Steem blockchain, which allows for fast transaction times and a unique mechanism to incentivize user engagement and contribution.
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.