Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Radius, an innovative blockchain company that has developed the trustless shared sequencing layer, has revealed that it has obtained $1.7 million in pre-seed funding. Hashed led this funding round, with participation from Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com.
Thanks to their scalability, rollups are increasingly becoming the go-to choice for a variety of applications, including DeFi. Effectively decentralizing operations and designing cost-effective structures has proven to be the optimal solution for the rollup-focused ecosystem.
Radius is dedicated to offering Rollups a cost-effective and sustainable solution, protecting its clients from the risks associated with Miner Extractable Value (MEV). This is achieved through Practical Verifiable Delay Encryption (PVDE), an innovative zk technique developed by Radius. While simultaneously enhancing revenue for Rollups, the shared sequencing layer with PVDE ensures that users are protected against the threats of MEV in a truly trustless fashion.
Related Posts
“Radius is committed to establishing the benchmark for a trustless shared sequencing layer that not only optimizes revenue for Rollups but also protects users from the detrimental impacts of MEV,” states AJ Ji Hoon Park. “This funding will drive us forward in realizing our objectives and expanding the horizons of what can be achieved in the blockchain arena.”
In addition to joining the Celestia Ecosystem, Radius has recently announced a partnership with Saga and the Rollup-as-a-Service. This collaboration is expected to further advance rollup technology and enhance the security of the blockchain ecosystem.
Building on these achievements, Radius is in the process of developing 360, an MEV-resistant decentralized exchange. This new DEX is projected to significantly enhance user experience and security within the DeFi sector, thanks to Radius’ shared sequencing layer.
As part of their ongoing engagement with the broader blockchain community, Radius recently hosted a conference titled “Scaling 2023: The Renaissance.” Notable speakers from organizations such as Starkware, Flashbots, and Osmosis participated in the event, further solidifying Radius’ status as a thought leader in the industry.
