HomeCryptocurrencySuperblock Raises $8M for “Over Protocol,” a New Layer 1 Blockchain Specializing...

Superblock Raises $8M for “Over Protocol,” a New Layer 1 Blockchain Specializing in Light-weight Full Nodes – Block Telegraph Get hold of US

Seoul, South Korea, July twenty first, 2023, Chainwire

Superblock, a contributor to Over Protocol, has raised $8 million from outstanding corporations and VCs in South Korea throughout two funding rounds. Traders included SK, Netmarble, DSC, E&Funding, Schmidt, SpringCamp, and NaverZ.

Ben (Jae-Yun) Kim, the founding father of Superblock, mentioned: “We’re deeply diving into the South Korea market with the most effective native companions and seeking to meet international companions accelerating us all around the world.”

As layer 1 blockchains have turn into quicker and extra established over time, the prices of bootstrapping and sustaining nodes have turn into more and more costly. As a consequence, blockchain functions have turn into difficult to function with out the usage of pricey tools.

Over Protocol is a brand new layer 1 blockchain primarily based on a protocol named “Ethanos” that solely considers lively accounts legitimate, enabling full nodes to discard out of date information and function with much less storage, thus permitting for lowered storage necessities. With Over, anybody will have the ability to run a node and turn into a validator on their PCs at dwelling. Ethanos has been revealed at EuroSys’21.

“With the power for anybody to run a validator, people can earn doubtlessly passive revenue by means of a course of referred to as dwelling staking, enabling them to embrace a brand new life-style with new fee choices, enhanced credit score, and modern finance alternatives,” Ben added.

About Superblock

Superblock builds merchandise, instruments, and decentralized functions to flourish the Over Protocol. Over Protocol is a very decentralized layer 1 blockchain offering light-weight full nodes.

For extra info: Twitter | Discord | Medium


David Kim
[email protected]

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