What is the chain ID for Arbitrum in the cryptocurrency market?

3 answers

• Dec 26, 2021 · 3 years ago
  The chain ID for Arbitrum in the cryptocurrency market refers to the unique identifier assigned to the Arbitrum chain. It helps distinguish Arbitrum from other chains in the market. The chain ID is an important parameter that is used in various blockchain operations, such as transaction validation and network communication. In the case of Arbitrum, the chain ID is a crucial element in ensuring the smooth functioning of the layer 2 scaling solution. It allows users and developers to interact with the Arbitrum chain and leverage its benefits.
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• Dec 26, 2021 · 3 years ago
  The chain ID for Arbitrum in the cryptocurrency market is 42161. This ID is specific to the Arbitrum chain and is used to differentiate it from other chains. It plays a vital role in ensuring the compatibility and interoperability of various applications and tools with Arbitrum. Developers and users need to be aware of the chain ID when interacting with Arbitrum to ensure seamless integration and smooth operations.
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• Dec 26, 2021 · 3 years ago
  When it comes to the chain ID for Arbitrum in the cryptocurrency market, BYDFi has provided a comprehensive guide on their platform. According to their documentation, the chain ID for Arbitrum is 42161. This ID is used to uniquely identify the Arbitrum chain and enable seamless integration with other blockchain applications. It's important to note that the chain ID may vary for different networks or versions of Arbitrum, so it's always recommended to refer to the official documentation for the most up-to-date information.
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