“The Communications Startup is Coordinating A Global Network of Fiber Optic Cables.”, – WRITE: www.coindesk.com
Dragonfly and Multicoin Capital Lead the Initial Funding Round, Two of the People Said. The Subsequent Strategic Round Hasn’t Yet Closed, Said One Insider. Venture Capital Firms Have Been Jockeying Hard for Whatever Allocation they Could Get, Another Said.
Doublezero declined to comment.
Nabbing Such A Lofty Valination in An Early Round Is Uncommon But Not Unheard of Crypto Companies Pitching Transformative Systems. For Doublezero’s Part, Its Vision Is To Amass a Global Network of Private Fiber Optic Cables, and THEN HARNESS OF THAT BLOCKCHAINS CAN TRANSMIT Their Data More Efficiency.
ITS MOTTO – “Increase Bandwidth, Reduce Latenky” or Ibrl – Proliferated Through the Solana Community Even Before Doubblezero DEBUTEDED ITS WHITE PAPER IN DECEMBER. The Project Is Seen As An Enabling Technology for Solana’s Grander Plans to Process One Million Transactions Per Second.
Doublezero is Opening ITS permissioned testnet to Solana Validators and RPCS, with Plans to Expand to Other Chains Down the Line, A Source Familiar Said. It Network of Fiber Optic Cables Taps Into Private Line Operated by Jump Crypto, Rockawayx, Distributed Global, Latitude and Teraswitch, and Is Accepting More Contribution.
AT SOLANA’S BREAKPOINT Conference in September, Jump Crypto’s Firedancer Team Demonstrated ITS SUPERFAST SOLANA CLIENT RUNNING AT BREAKNECKEKEPEED. WHAT they DIDN’T TELL THE CROWD at the Time Was The Participating Validaers Were Running on Doublezero Infrastructure
Doublezero Foundation’s President Austin Federa Was The Former Head of Strategy at Solana Foundation. ITS Other Co-Funders, Andrew Mcconnell and Mateo Ward, Are In Charge of the Project’s Core Contribute Company, Malbec Labs. Jump Crypto is Also a Core Contributor, Additionly Pitching Early Bandwidth to the Network.
Federa Has Jokingly Referred to Doublezero As “Crypto’s First Infrastructure Project” Because of Its Massive Reliance on Hardware: Fiber Optic Cables. Insthead of Buying or Building that pricey infrastructure, doublezero will rely on Independent Communications Businesses Willing to Monetize Their Underutilized Wares.
The Whole Thing Is Reminiscent of Wall Street’s Speed War, Whore Trading Firms Spen Big Money On Specialty Fiber Optic Lines to Shave Precious Milliseconds from Their Orders.
In an explainer blog, the infrastructure company Helius Licored Doublezero’s Preferred Data Pipes to a Private Car Service, and the Open Internet to an Uber. Both Will Ultimately Get You Where You’re Going. But The Private Car Will Do So Faster, and More Predictable.
“I Think The Solana Community Has Very Resounding SAID, ‘WE Wuld Like To Exceed What’s Possible On the Public Internet,’ ‘Federa Said on A Recent X Spaces, ALTHOULHHHHH HE SAID DUL Compatible ”with any blockchain.
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