Offchain Labs Stock

offchainlabs.comFinTech / Blockchain softwareFounded: 2018Funding to Date: $143.82MM

Offchain Labs' Arbiter One product seeks to solve scalability issues on decentralized apps built on the Ethereum blockchain.

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Team

Management Team

Ed Felten
Chief Scientist
Steven Goldfeder
Chief Executive Officer
Harry Kalodner
Chief Technology Officer

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News Highlights

Offchain Labs makes BoLD moves with new permissionless validation protocol

Offchain Labs, the team behind Ethereum scaling solution Arbitrum, has introduced a new permissionless validation protocol called Bounded Liquidity Delay (BoLD). The protocol aims to prevent delay attacks and improve decentralization by allowing anyone to be a validator without risking such attacks. The introduction of BoLD will also ensure users have a guaranteed upper limit of seven days for their funds to be accurately reflected on Ethereum layer-1.

Industry Still Isn’t Close to Solving the Blockchain Trilemma: Offchain Labs Chief Strategy Officer

Offchain Labs' Chief Strategy Officer, A.J. Warner, has stated that the industry is still far from solving the blockchain trilemma of scalability, security, and decentralization. The company is working on scaling Ethereum with its rollup-based network, Arbitrum, which currently has $5.68 billion in total value locked. However, Warner believes that a solution to the trilemma would need to inspire confidence in both users and developers.

Gaming-Focused Layer-3, Xai, Announced with Support From Offchain Labs and Ex Populus

Xai, a gaming-focused Layer 3 (L3) developed for video games, is set to launch later this year with support from Offchain Labs and Ex Populus. Xai will leverage the Arbitrum Nitro technology stack to launch an Orbit chain and host Ex Populus franchises. The platform aims to become a decentralized gaming console and publishing partner for game developers interested in web3 gaming.
Updated on: Jul 12, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.