Offchain Labs is the research and development team behind Arbitrum, a leading Ethereum Layer 2 solution.

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Offchain Labs is the research and development team behind Arbitrum, a leading Ethereum Layer 2 solution.

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Offchain Labs, the research and development team behind Ethereum Layer 2 Arbitrum, announced a 'strategic purchase plan' to add the native token of the Arbitrum ecosystem to its treasury.

Its flagship network, Arbitrum One, uses optimistic rollups to improve Ethereum’s scalability by processing transactions off-chain and submitting batched proofs to the Ethereum mainnet for reduced costs and increased transaction speeds.

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Crypto news