DoubleZero has announced the launch of its mainnet-beta, as the decentralized protocol is looking forward to building a high-performance network layer for blockchains. Backed by prominent investors including Multicoin Capital and Dragonfly, the project introduces a novel “N1” base layer designed to solve network latency issues that hinder the performance of distributed systems.
The system wants a “fast lane” for validators. In order to do this, a group of separate contributors uses specialized high-performance fiber links to provide bandwidth. The project says that this technology can cut latency by up to 50% compared to regular internet connections. This makes block propagation faster and improves the overall performance of the validator. 2Z is the network’s native utility token. It is a Solana SPL token that is used to collect fees from users and send the money to the infrastructure providers.
The mainnet-beta is coming out with a lot of infrastructure support, like more than 70 global links and 200+ validators around the world. In a 2024 token round, the project raised $28 million to pay for its growth. Anatoly Yakovenko, co-founder of Solana, said in a statement about the launch that the project helped the company’s vision: “Solana has always had the mission of synchronizing the world’s information at the speed of light, and DoubleZero’s fiber network brings that vision closer to reality.”
Focus on Token Model and Network
The 2Z coin from DoubleZero is based on a tokenomic model that aims to match network supply with real-time demand. The protocol says that people who help the network are only repaid with money that users pay within a certain epoch. This confirms sellers are being paid for providing useful bandwidth instead of artificial volatility. The 2Z coin is based on Solana, and the network’s main goal right now is to support the Solana ecosystem. DoubleZero is made to work with any blockchain, and the ultimate goal is for it to serve all high-performance distributed systems.
The launch of DoubleZero’s mainnet is a big step toward fixing the physical network layer, which is a crucial but often ignored problem with blockchain scalability. Traditional Layer 1 and Layer 2 options focus on making computers or storage better. DoubleZero, on the other hand, targets the infrastructure that sends and receives data. This method could set a new standard for high-performance decentralized networks if it works. This could improve network decentralization, make validators more efficient, and let more demanding apps run on-chain.
Also read: Plasma To Launch Mainnet Beta With $2B Stablecoins
