Ethereum Scaling Solution Arbitrum is Live

  • September 2, 2021
  • Thomas DeMichele
  • 1 min read

Arbitrum, a long-awaited scaling solution for Etehreum contracts that allows for agreeing on virtual machine (VM) behavior off-chain, is now live.

This event comes on the back of raising $120 million to put toward their scaling solution.

There are already many large ETH-based platforms that are using Arbitrum, and as such, this is expected to continually take pressure off the main chain. Ideally, the result being faster and cheaper on-chain Ethereum transactions.

You can read more about the vision behind Arbitrum, or check out the group behind Arbitrum Offchain Labs for more.

The post Ethereum Scaling Solution Arbitrum is Live appeared first on CryptoCurrency Facts.

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