Arbitrum to Hold Founders Eve Pitch Competition on October 7th
Arbitrum will host a startup pitch competition during Founders Eve on October 7th. Founders building on Arbitrum One or Robinhood Chain can compete for a sponsored trip to the project’s Founder House in Singapore.Refer to the official tweet by ARB:Join us on October 7th at Arbitrum's Founders Eve during Token2049A big opportunity for founders to:> hear about the latest on Arbitrum's ecosystem growth> get an insight on the programs available to founders building on Arbitrum> pitch startup idea in a competition hosted… ARB InfoArbitrum is a layer 2 scaling solution designed for the Ethereum network. Its goal is to increase the scalability of Ethereum while preserving its decentralization and security.Arbitrum operates by batching many transactions together off-chain and then submitting a single, combined proof of all these transactions to the Ethereum base layer. This greatly reduces the amount of computation and storage that the Ethereum network has to handle, allowing it to support a much higher throughput of transactions.