Ethereum L2 project RISE receives $4 million investment from Galaxy Ventures
6 hours ago
Odaily News Ethereum Layer2 project RISE announced that it has received $4 million in investment from Galaxy Ventures, bringing the total funds raised to date to $8 million. The project has previously received investments from Vitalik Buterin and others. According to reports, RISE achieves a latency as low as 5 milliseconds through its Shreds transaction architecture, and the test network processes more than 50,000 transactions in a single block, with a target throughput of 100,000 TPS. RISE uses an Ethereum-based "basic sorting" solution that aims to maintain decentralization while solving performance bottlenecks. (The Daily Hodl)
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