Arbitrum developer Offchain Labs launches “Fast Withdrawal” feature, shortening withdrawal period from 7 days to 15 minutes
Offchain Labs, the original developer of Arbitrum, has announced the launch of a new "fast withdrawal" feature, which allows selected Orbit chains and RaaS providers to complete withdrawals within 15 minutes, compared to the usual wait time of up to 7 days.
The team stated: "After implementing fast withdrawals, withdrawal times have been reduced by over 90%, and the withdrawal process is very similar to withdrawing from a bank account. Although not identical, compared to traditional blockchain standards, it is a substantial improvement, making it closer to the traditional TradFi fund transfer experience."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
South Korean Police Arrest 215 in $232 Million Cryptocurrency Investment Scam
ACT briefly broke through $0.7, setting a new all-time high
cbBTC’s market value exceeds $1 billion, equivalent to 9.3% of WBTC’s supply