Paradigm CTO Georgios Konstantopoulos announced the launch of the Ithaca project, aiming to build a high-performance Layer 2 network with $20M investment.

Ithaca Project: New Frontiers in L2 Networks

Led by Georgios Konstantopoulos, the Ithaca project is backed with $20M from Paradigm, targeting the creation of an L2 network using Reth, OP Stack, and Conduit to ensure scalability and stability.

Odyssey: The First Phase of Ithaca Project

Odyssey is the initial phase of the Ithaca project, developing a high-performance and scalable network based on Reth and OP Stack. The testnet provides users with a seamless experience without additional setups.

Technological Innovations and Ecosystem Expansion

Odyssey integrates new Ethereum proposals like EOF and RIP-7212, making the project sustainable and secure. It's an essential step towards enhancing blockchain performance, security, and decentralization.

The Ithaca project aims to attract developers and foster innovation in decentralized applications, opening new opportunities for L2 networks.