The more people use blockchains, the more data they need to process. For this to be possible, the scaling problem must be solved. The project Arbitrum tries that for Ethereum. With a cash injection of 3.7 million US dollars, the early release is nothing in the way. From higher speed, lower thresholds and the start-up Offchain Labs.
It’s another of those blockchain industry startups that have set a big goal. Offchain Labs, a New Jersey company, is about to release Arbitrum. Arbitrum can be thought of as a second layer compatible with each blockchain, second level on the first level, so sitting on the actual blockchain and offering several advantages. The young company can now look forward to a cash injection of 3.7 million US dollars. Offchain Labs was joined by others from Pantera Capital, an investor in the blockchain sector.