text: “We’re working to build a platform for smart contract development that provides what we think developers want, a combination of scalability so that you can scale more transactions per second, more users, and to contracts that have more code and still have more data in them.”
  Furthermore, they will make smart contracts more private, protecting those that participate in these blockchain networks. Ed Felten commented that using Arbitrum they have built a Layer 2 solutions that makes smart contracts scalable and private, allowing them to be compatible with the existing programs on Ethereum (ETH).