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Linera (Zefchain Labs) builds a Layer 1 blockchain protocol designed for web3 apps that require very low latency and high throughput. Its core idea is microchains: a virtually unlimited set of parallel chains, with each user wallet getting a dedicated user chain. This structure allows many transactions to happen at once, enabling real-time applications for use cases like payments, gaming, messaging, and proprietary trading. The network’s ability to run many parallel chains helps it stand apart from traditional single-chain or generic multi-chain systems, by removing bottlenecks and increasing parallel processing. Linera’s goal is to provide scalable, low-latency blockchain infrastructure for developers and enterprises, supported by a model likely based on transaction fees and enterprise solutions. The Archimedes Testnet served as evidence of real-time capabilities.
Industries
Data & Analytics
Enterprise Software
Fintech
Crypto & Web3
Company Size
11-50
Company Stage
Seed
Total Funding
$12M
Headquarters
Menlo Park, California
Founded
2021
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Total Funding
$12M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Remote Work Options
Professional Development Budget
Dojima Foundation, the team building the Omnichain Web to connect blockchain ecosystems, has partnered with Linera, a high-speed Layer 1 blockchain focused on real-time applications.
San Francisco, California, January 30th, 2024, ChainwireLinera, the layer-1 blockchain protocol pioneering microchains to give users their own blockspace, today announced the deployment of its Devnet.Founded by Mathieu Baudet, a former Meta researcher and infrastructure engineer who helped develop the technology underlying Novi digital payments called FastPay, Linera’s technology brings unprecedented horizontal scalability to web3 through its unique protocol.Linera’s groundbreaking microchain model grants each individual user wallet their own lightweight chains to store their assets and streamline web3 app interactions. Because Microchains are small enough to be replicated into browser extensions and mobile devices, Linera makes it easy for application interfaces to access the on-chain data of their users. The Linera system scales by adding chains, not by increasing the size or the production rate of blocks. During times of high demand, Linera’s validators expand dynamically like elastic web services. Scaling at the validator level rather than at the blockchain level, this fresh approach unlocks horizontal scalability for web3 applications requiring support for limitless active users and real-time interactions.Targeting Rust developers and built on the WebAssembly (Wasm) virtual machine, Linera’s Devnet is now available for testing. Developers can now test their projects on a small number of test validators operated by the Linera core team
We believe Linera’s network of microchains presents the critical breakthrough that can make the future of web3 real.
Linera, a layer-1 blockchain attempting to tackle scalability issues using 'microchains,' said it closed a new $6 million funding round led by venture capital fund Borderless Capital.
On August 16, Linera, a highly scalable layer-1 blockchain project, announced the completion of a $6 million raise, led by Borderless Capital, which included well-known investors such as a16z, ArkStream Capital, Tribe, GSR, and MH Ventures.
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Industries
Data & Analytics
Enterprise Software
Fintech
Crypto & Web3
Company Size
11-50
Company Stage
Seed
Total Funding
$12M
Headquarters
Menlo Park, California
Founded
2021
Find jobs on Simplify and start your career today