Seoul, South Korea, July 21, 2023, Chainwire
Superblock, a contributor to Over Protocol, has raised $8 million from firms and enterprise capitals (VCs) in South Korea throughout two funding rounds.
Traders included SK, Netmarble, DSC, E&Funding, Schmidt, SpringCamp, and NaverZ.
Ben (Jae-Yun) Kim, the founding father of Superblock, stated:
“We’re deeply diving into the South Korean market with the most effective native companions and trying to meet international companions, accelerating us everywhere in the world.”
As layer-1 blockchains have turn into sooner and extra established over time, the prices of bootstrapping and sustaining nodes have turn into more and more costly. As a consequence, blockchain functions have turn into difficult to function with out the usage of pricey tools.
Over Protocol is a brand new layer-1 blockchain primarily based on a protocol named “Ethanos” that solely considers energetic accounts legitimate, enabling full nodes to discard out of date knowledge and function with much less storage, thus decreasing storage necessities.
With Over, anybody can run a node and turn into a validator on their PCs at residence. Ethanos has been printed at EuroSys’21.
Kim added:
“With the flexibility for anybody to run a validator, people can earn probably passive revenue via a course of known as residence staking, enabling them to embrace a brand new way of life with new fee choices, enhanced credit score, and progressive finance alternatives.”
About Superblock
Superblock builds merchandise, instruments, and decentralized functions to flourish the Over Protocol. Over Protocol is a very decentralized layer-1 blockchain offering light-weight full nodes.
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Contact
Marketer
David Kim
Superblock
[email protected]
+821043302540
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