DoubleZero, led by CEO Austin, has announced plans to launch a public mainnet by late 2025 after raising $28 million to overcome blockchain scalability challenges.
Internet Infrastructure and Scalability Issues
The $28 million raised highlights the scalability challenges posed by internet infrastructure. CEO Austin emphasized the significance of this issue for high-throughput networks, stating, "Public internet infrastructure is the critical constraint for high-throughput blockchain networks."
Impact on Ethereum and Solana
Current blockchain scalability constraints affect major networks like Ethereum and Solana. These bottlenecks impact throughput and ecosystem growth, prompting technological advancements in interoperability and decentralized solutions. Potential outcomes include increased DeFi adoption and network efficiency.
Experts' Opinions on Overcoming Internet Limitations
Scalability issues continue to trouble the crypto space, with Ethereum facing congestion during high-demand periods. Previous efforts include Polkadot and Cosmos, which address throughput challenges through interoperability and cross-chain functionality. Expert insights indicate that overcoming public internet limitations could significantly enhance blockchain performance.
Initiatives like DoubleZero highlight the importance of addressing infrastructure challenges for sustainable growth in blockchain technologies.
