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Blockchain Developer Offchain’s New Business Unit to Focus on Wider Adoption Blockchain Developer Offchain’s New Business Unit to Focus on Wider Adoption

Blockchain Developer Offchain’s New Business Unit to Focus on Wider Adoption

Offchain Labs, the software developer behind the Arbitrum blockchain, is launching a new unit that will focus on fostering mainstream adoption of crypto networks.

Arbitrum is a so-called layer 2 blockchain that is used to facilitate faster and lower cost transactions on Ethereum, the most commercially successful crypto network. The total value of cryptocurrencies on Arbitrum stands at around $15 billion, or 41% of the total layer 2 market, according to tracker L2BEAT, making it the largest in the sector.

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Muyao Shen

https://www.bloomberg.com/news/articles/2024-08-14/blockchain-developer-offchain-s-new-business-unit-to-focus-on-wider-adoption

2024-08-14 13:00:00

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