Arbitrium’s Offchain Labs acquires leading Ethereum client

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Arbitrum’s par­ent com­pa­ny Offchain Labs has announced its acqui­si­tion of Prys­mat­ic Labs, a core Ethereum devel­op­ment team.

Prys­mat­ic Labs is the engi­neer­ing team behind Prysm, Ethereum’s lead­ing con­sen­sus lay­er client. Prysm is an Ethereum proof-of-stake client that pio­neered the Ethereum merge.

Offchain Labs said the move to onboard Prys­mat­ic Labs finds root in their shared com­mit­ment to scale Ethereum. Offchain Labs devel­oped the layer‑2 scal­ing solu­tion Arbi­trum which runs as a roll-up chain on Ethereum.

Prys­mat­ic Labs co-founder Raul Jor­dan not­ed that the merg­er was a per­fect match as the two teams devel­op their soft­ware in the pro­gram­ming lan­guage Go and are aligned to keep ship­ping soft­ware that will dri­ve the suc­cess of Ethereum.

Prys­mat­ic Labs devel­op­er Pre­ston Van Loon added:

“Scal­ing Ethereum is more impor­tant than nev­er and this merg­er will help Ethereum fur­ther its impact glob­al­ly” added.”

Expect­ed­ly, the merg­er will see a close col­lab­o­ra­tion between the lead­ing lay­er 1 and lay­er 2 devel­op­er teams as they work toward deliv­er­ing faster tech­nolo­gies to scale Ethereum.

Going for­ward, devel­op­ers at Prys­mat­ic Labs will join Offchain Labs’ core team. How­ev­er, they will con­tin­ue to sup­port Prysm and remain a neu­tral con­sen­sus client on Ethereum, while build­ing out Arbi­tri­um. The team will also be active­ly involved in devel­op­ing Ethereum’s EIP-4844 data-shard­ing initiative.



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