When executing transactions and smart contracts on Arbitrum, users need to pay a certain amount of Ethereum (ETH) as gas fees. These ETH are burned and removed from the Ethereum chain instead of being paid with ARB tokens. ARB tokens are mainly used for the following purposes:
Staking as a validator: A validator needs to stake a certain number of ARB tokens on the Arbitrum network as an incentive to maintain network security and reliability. If a validator violates network rules or malfunctions, they will lose a portion of their stake to encourage them to comply with network rules and keep nodes running stably.
Ecological support: ARB tokens can be used to support applications and ecosystems in the Arbitrum ecosystem. For example, developers can use ARB tokens to pay for application deployment and operation costs, or provide users with certain rewards to encourage users to participate in the construction and development of the ecosystem.
In short, the main role of ARB tokens is to support the security, stability and development of the Arbitrum ecosystem. While ARB tokens are not used directly to pay for transaction gas fees, they are important to the development and operation of the Arbitrum network.
