A new project wants to give Blockchains its own “fast lane” on the Internet. The Doublezero Foundation announced Thursday that its highly anticipated Mainnet-Beta is live.
Doublezero is a network built to accelerate how Blockchain’s validators talk to each other. Instead of trusting the public internet, which can sometimes be slow and unpredictable, Solana’s validators can now connect through Doublezero’s fiber routes, which allow users to make transactions faster.
In simple terms, Doublezero is like a private blockchains road system. While normal Internet routes are designed to be cheap and wide, they are not built for the coordination of division seconds that need thousands of blockchain nodes. Doublezero says that his network reduces the delay and facilitates that the validators process transactions and remain synchronized, which could improve performance and reliability for end users.
“The block chains and other distributed systems worldwide are based on thousands of nodes that coordinate in real time. The efficiency of their communication layer directly affects the safety, the profitability of the validator and the experience of the end user,” said Austin Federa, co -founder of Doublezero, in a press release shared with Coindesk.
The project has already seen early adoption. Currently, 22% of the staked sun is connected to the Doublezero network. The big names of the industry such as Jump Crypto, Galaxy, Rockaway and Jito are contributing fiber links and engineering resources, betting that the fastest internet infrastructure will be worthwhile as a blockchain application scale.
In March, Doublezero raised $ 28 million and with an assessment of $ 400 million, with Dragonfly and Mulicoin capital leading the initial financing round.
The food of the system is Doublezero’s own token, called 2Z, built in Solana. Validators and stakers use token to access the high speed of the network, with rewards linked to the amount of utility they provide.
Earlier this week, the United States Stock Exchange and Securities Commission issued a letter without action to Doublezero, allowing them to advance with the native tokens of the network.
While today’s launch focuses on Solana, Doublezero’s ambitions go further. “As part of its road map, Doublezero aims to expand the agnostic chain network to admit additional blockchains and high -performance distributed systems,” the team wrote in its press release.
Read more: ‘Crypto’s Flash Boys’: A Q&A with Austin Federa in Doublezero
