Tornado Greenbacks is about to get a scaling boost as the privacy protocol prepares for deployment on the Ethereum layer two network Arbitrum.

Tornado Greenbacks's smart contracts are prepare to roll on thArbitrum Layer 2 scaling network post-obit contributions from the community to ensure the stability of the protocol.

The Monday announcement explained that deploying on Arbitrum will "permit users to take advantage of all the benefits a Layer 2 can offer, with cheaper transactions being the biggest comparative advantage."

Tornado Cash is a fully decentralized Ethereum (ETH) mixer protocol. Tornado Cash masks the path that tokens such as ETH have from sender to receiver, providing completely private transactions without the need to apply privacy-focused coins.

Layer two networks on Ethereum boast faster transactions and cheaper fees while still benefiting from the security and decentralization of Ethereum.

The Tornado Cash team believes that the deployment onto Arbitrum volition let more users to perform private crypto transactions while avoiding Ethereum's loftier gas fees. L2 transactions are expected to be effectually 95% cheaper than those on L1 Ethereum, according to the squad.

In social club to use Tornado Cash on Arbitrum, users must beginning send ETH, ERC-xx, and ERC-721 tokens from Ethereum to Arbitrum via the Arbitrum Bridge.

Related: DeFi TVL hits new highs while Metaverse tokens show signs of exhaustion

Arbitrum is currently the biggest L2 on Ethereum with $ii.68 billion in total value locked, representing 39% of the L2 market place share. This is second just to Boba Network's $1.38 billion in TVL, making Boba and Arbitrum the merely ii L2'south with over $1 billion in TVL, co-ordinate to L2Beat.

The number of unique addresses on Arbitrum has grown steadily since September and stands at 291,876 as of the fourth dimension of writing. Tornado Greenbacks has $847 1000000 in TVL according to DeFiPulse.

As reported by Cointelegraph, Tornado Cash unveiled its TORN governance token in December. 2022 and airdropped them to users in Feb 2022.