Ethereum Scaling Solution Arbitrum, which Moons use, Launches Mainnet and Raises $120 Million in new Funding

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tldr; Ethereum scaling solution Arbitrum has launched its mainnet. The project has also raised $120 million in a Series B funding round led by Lightspeed Venture Partners. Mark Cuban and others also participated in the round. Arbitrum is a Layer 2 scaling solution that processes transactions on a sidechain that uses optimistic rollups technology.

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