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Vitalik predicted arbitrum in 2014 Anonymous Tue Jun 9 00:23:12 2020 No.19605922 [View]
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> Following the spirit of signature batching, an approach that goes even further is to take the entire computation off the blockchain. In order to do so securely, we use a clever economic hack: the code still goes on the blockchain, and gets recorded there, but by default the computation is decided by oracles which run the code off-chain in a private EVM and supply the answer, also providing a security deposit.

https://blog.ethereum.org/2014/09/17/scalability-part-1-building-top/

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