.arbitrum's founder Offchain Labs acquires prylabs, the company behind the largest Ethereum $ETH client: Details w/ OffchainLabs arbitrumnewsdao Arbitrum
The Prysmatic Labs team created and maintained Prysm, the most popular Ethereum consensus client. After the acquisition, the devs will continue its work on"neutral and open-source" client and other Ethereum ecosystem initiatives.
Raul Jordan of Prysmatic Labs is excited by the deal and highlights the importance of this acquisition for the progress and adoption of what he is building:Our mission from day one was to scale Ethereum and make it an impactful technology for the world. Merging with Offchain Labs made perfect sense to us as an Ethereum team because: we develop software extensively in Go, are fully incentive-aligned with the success of Ethereum, and are focused on shipping quality software for others to use.
Steven Goldfeder of Offchain Labs is excited by the level of engineering behind Prysm and is optimistic about the impressive prospects of working together: Prysmatic Labs possesses an incredibly talented team of engineers, and their dedication to the Ethereum community shows via their best-in-class product that is used broadly in the Ethereum ecosystem. We are looking forward to the integration of the Prysmatic Labs team as we work together to scale Ethereum.
Arbitrum has acquired Prysmatic Labs, the maintainer of the most widely used Ethereum consensus client. In exchange for cash, Arbitrum has put itself in the position of a"core Ethereum maintainer" and now has Arbitrum engineers in a central part of the Ethereum dev process.
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