Offchain Labs Releases Alpha of Open-Source Scaling Solution Bringing Ethereum to 500 Transactions Per Second

Coinbase Ventures invests in Offchain Labs   Princeton, NJ – Offchain Labs, led by a former White House Deputy Chief of Technology and a team of U.S.-based academics, has announced the successful release of the Alpha version of its open-source Arbitrum code capable of supporting thousands of simultaneous Ethereum contracts each of which can process over 500 transactions per second.   The startup’s software addresses the concerns of major businesses and enterprises looking to build business-ready applications on the blockchain without sacrificing transaction speed or privacy. Coinbase Ventures’ investment in…

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Offchain Labs releases Ethereum privacy and scaling software following $3.7 million raise

Offchain Labs Launches Arbitrum Code and Whitepaper to Make Smart Contracts Scalable, Fast, and Private – The company enabling blockchain adoption for enterprises releases simple second-layer code with multi-language support coming soon   Offchain Labs, led by a former White House technologist and a team of U.S.-based academics, has announced the completion of the code and whitepaper for its smart contract scaling and privacy layer, Arbitrum. The open-source software addresses the concerns of major businesses and enterprises wanting to build business-ready applications on the blockchain without sacrificing transaction speed or…

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