Arbitrum is a layer 2 scaling solution for the Ethereum network that aims to address the network's scalability issues. It was developed by Offchain Labs, a blockchain research and development company founded in 2018. Layer 2 solutions are designed to increase the capacity of the Ethereum network by offloading some of the processing to a secondary layer. This reduces congestion on the main Ethereum network, allowing for faster and cheaper transactions. Arbitrum achieves this by using an i...
