Layer 2 scaling platforms are expanding on the Ethereum ecosystem. OffchainLabs, the firm behind Ethereum layer 2 network Arbitrum, says it is acquiring prylabs, one of the core engineering teams behind the transition to proof-of-stake.
– a key piece of software for the disintermediated network of computers that keep Ethereum up and running.
“Merging with Offchain Labs made perfect sense to us as an Ethereum team because we develop software extensively in [the programming language] Go, are fully incentive-aligned with the success of Ethereum, and are focused on shipping quality software for others to use,” Raul Jordan, the co-founder of Prysmatic Labs said in a statement shared with CoinDesk.
According to Offchain Chief Technology Officer Harry Kalodner, the Prysmatic team will continue to maintain the Prysm client post-acquisition. “It is very much not an acquihire,” Kalodner told CoinDesk. “Gradually, as their time frees up,” said Kalodner, the Prysmatic team will “start to integrate more and spend more time developing the future of [layer 2].
UPDATE : In a quote, the word"acquihire" was mis-transcribed as"acquisition" in an earlier version of this article.
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