A new project wants to give the Internet its own “fast way” on the Internet. The Doublezero Foundation announced Thursday that its long-awaited mainstand is live.
Doublezero is a network built to speed up the way the blockchain validators talk to each other. Instead of counting on the public Internet, which can sometimes be slow and unpredictable, Solana validators can now connect via doublezero fiber routes, which allow users to transform more quickly.
In simple terms, Doublezero is like a private highway system for blockchains. Although normal Internet routes are designed to be cheap and wide, they are not designed for the split coordination of thousands of blockchain nodes. DoubleZero claims that its network reduces the lag and facilitates the transactions of the validators and remain in synchronization, which could improve the performance and reliability of end users.
“Blockchains and other systems distributed on a global scale are based on thousands of coordinated nodes in real time. The efficiency of their communication layer has a direct impact on security, 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 Coindek.
The project has already experienced early adoption. Currently, 22% of the marked soil is connected to the DoubleZero network. The big names in the industry such as Jump Crypto, Galaxy, Rockawayx and Jito contribute to fiber ties and engineering resources, the bets that the faster internet infrastructure will be chargeable as a scales of blockchain applications.
In March, Doublezero raised $ 28 million and $ 400 million in evaluation, with Dragonfly and Multicoin Capital leading the initial funding tour.
The Doublezero token is powered by the Doublezero system, called 2z, built on Solana. Validators and stakers use the token to access the network’s high -speed routes, with rewards linked to the amount of utility they provide.
Earlier this week, the US Securities and Exchange Commission has published a non-action letter in Doublezero, allowing them to move forward with the launch of native tokens of the network.
Although the launch of today focuses on Solana, the ambitions of Doublezero go further. “As part of its roadmap, Doublezero aims to extend the agnostic chain network to support additional blockchains and high -performance distributed systems,” the team wrote in their press release.
Read more: ‘Crypto’s Flash Boys’: A question and answer session with Austin Federa on DoubleZero
