Offchain Labs (Arbitrum)
Arbitrum is a Layer 2 solution designed to improve the speed and scalability of Ethereum smart contracts while providing additional privacy features. It allows developers to execute unmodified Ethereum Virtual Machine (2) contracts and transactions on Layer EVM while maintaining the security of Ethereum Layer 1. The project aims to address certain shortcomings of current Ethereum-based smart contracts, such as longer transaction processing times and higher execution costs.
Overview
Arbitrum is a Layer 2 solution designed to improve the speed and scalability of Ethereum smart contracts while providing additional privacy features. It allows developers to execute unmodified Ethereum Virtual Machine (2) contracts and transactions on Layer EVM while maintaining the security of Ethereum Layer 1. The project aims to address certain shortcomings of current Ethereum-based smart contracts, such as longer transaction processing times and higher execution costs.
- Sector
- # Other
- Ecosystem
- —
Team
Team information has not been disclosed.
Funding history
3 disclosed rounds- Series B
100,000,000 USD
- Series A
20,000,000 USD
- Seed
3,700,000 USD
Related news
Market updates
No related market updates.
People updates
No related people updates.