The network, which hopes to become a parallel blockchain internet, plans to launch its public mainnet in late 2025 after completing its $28 million funding round and testnet beta launch.
DoubleZero Network hopes to become an alternative to the public internet that allows network operators to provide underutilized bandwidth for dedicated networks built for systems such as blockchain, according to a March 5 statement from the DoubleZero Foundation.
Austin Federa, co-founder of DoubleZero, said in a March 5th post the project is an attempt to bring private network technology into blockchain and decentralized systems onto an operator-owned network, with anyone with textiles to participate.
“Faster is better, but faster is not enough. You need to include faster ability to ensure that everyone on the (physical fiber) network has access to the same access (state) as everyone else. This is fair – this is multicast – this is the future,” he said.
Source: Austin Federa
Federa was the lead in the Solana Foundation strategy until last December when she found a double-zero between crypto entrepreneurs Andrew McConnell and Mateo Ward four years later.
According to Federa, the DoubleZero Foundation is building a network to become legacy technology powered by distributed systems for the next half century.
“We have actually reached a point where the blockchain bottleneck is on the network and data transport layer, not on the computing,” he said.
“Current ambitions for crypto are still too small. We can see a near future fully supported by distributed systems. Our vision is to provide a new fiber infrastructure network that can safely power it on a mass scale.”
The protocol recently completed a $28 million token round co-led by venture capital firms Multicoin Capital and Dragonfly Capital, and hired more staff for the mainnet rollout later this year.
Related: Solana upgrades strengthen networks, but narrows down validators – Vaneck
In partnership with the Funding Round, the foundation has launched a testnet beta for Solana validators and remote procedure calls in seven cities: Singapore, Tokyo, Los Angeles, New York, London, Amsterdam and Frankfurt.
The current phase of the testnet is aimed at improving the efficiency and scalability of the network's systems.
Currently, JumpCrypto, Distributed Global, Rockawayx, and Bare Metal Infrastructure Providers Teraswitch and Latitude.sh are acting as fiber contributors.
Magazine: Grid's “The Biggest Update”, Rumble Kong League Review: Web3 Gamer
