A new project wants to give Blockchains their own “fast track” on the Internet. DoubleZero Foundation announced on Thursday that its highly expected Mainnet-Beta is live.
DoubleZero is a network built to speed up how blockchain validators talk to each other. Instead of relying on the public internet, which can sometimes be slow and unpredictable, Solana Validators can now connect through DoubleZero’s fiber routes that let users act faster.
Simply put, DoubleZero is a private motorway system for blockchains. While normal Internet routes are designed to be cheap and wide, they are not built for the split second coordination, thousands of blockchain nodes need. Doublezero says its network reduces delay and makes it easier for validators to treat transactions and remain in synchronization, which can improve both performance and reliability of end users.
“Blockchains and other globally distributed systems rely on thousands of nodes that coordinate in real time. The effectiveness of their communication layer affects direct security, validator-interestability and the end-user experience,” 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 stacked sun is connected to the DoubleZero network. Large industry names such as Jump Crypto, Galaxy, Rockawayx and Jito contribute with fiber connections and engineering resources, and bet that faster Internet infrastructure will pay off as a blockchain application scale.
In March, DoubleZero raised $ 28 million and to $ 400 million in valuation, with dragonfly and multicoin Capital, which led the preliminary financing round.
Fuel for the system is Doublezero’s own token, called 2Z, built on Solana. Validators and stakes use the token to access the network’s high -speed routes, with rewards tied to how much tools they provide.
Earlier this week, the US Securities and Exchange Commission issued a letter without action to DoubleZero, and let them move on with the launch of the network’s original tokens.
While today’s launch focuses on Solana, DoubleZero’s ambitions continue. “As part of its roadmap, DoubleZero is aiming to expand the chain-magnostic network to support additional blockchains and high-performance distributed systems,” the team wrote in their press release.
Read more: ‘Crypto’s Flash Boys’: A Q&A with Austin Federa at DoubleZero
