Ethereum Co-Founder Vitalik Buterin Invests in New Blockchain Project MegaETH
A new blockchain called MegaETH claims to be the first to run in real-time. This translates into 100,000 transactions per second with millisecond-level responsiveness, according to its claims. On current blockchains, such as Ethereum, transaction processing can take up to 13 seconds.
Seed Round of the Project Managed by Dragonfly Capital
MegaETH’s seed round was headed by Dragonfly Capital. Many reputable industry figures felt that this was a wise investment, in this direction. Among the angel investors are:
- Ethereum co-founders: Vitalik Buterin and Joe Lubin
- EigenLayer founder: Sreeram Kannan
- Crypto personality: Jordan Fish (known online as Cobie)
Observers have drawn comparisons between MegaETH and Monad, a different project that promises throughput and speed increases over the present blockchain generation. In a round headed by Paradigm, Monad Labs secured $225 million in April.
FAQ
What Impact Could This Investment Have on the Ethereum Community?
Buterin’s investment could have a positive impact on the Ethereum community and increase interest in the MegaETH project. It could also be inspiring for other projects in the Ethereum ecosystem.
Why Did Buterin Invest in MegaETH?
The reason why Buterin invested in MegaETH could be the technological innovations or potential of the project. However, the exact reasons may vary depending on Buterin’s personal investment strategies and his confidence in the project.
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