Radius raises $1.7M in pre-seed funding to develop a trustless shared sequencing layer

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Radius raises $1.7 million in pre-seed funding

Blockchain firm Radius has introduced that it has raised $1.7 million in pre-seed funding. 

In a press launch shared with Coinjournal, Radius revealed that the funding spherical was led by Hashed, with participation from Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com.

Radius is about to make use of the funds to develop a trustless shared sequencing layer. In response to the Radius workforce, Shared Sequencing Layer will correctly decentralise the operations of rollups.

The corporate seeks to offer economical and sustainable options for Rollups. This is able to be certain that Rollups customers are shielded from dangerous Miner Extractable Worth (MEV). 

Radius will obtain this goal utilizing an modern zk scheme often called Sensible Verifiable Delay Encryption (PVDE). The shared sequencing layer with PVDE ensures that customers are shielded from dangerous MEV in a very trustless means, whereas nonetheless maximizing income for Rollups.

Radius proclaims a partnership with Saga

Whereas commenting on this newest cryptocurrency information, AJ Ji Hoon Park, stated;

“Radius is dedicated to setting the usual for a trustless shared sequencing layer that not solely maximizes income for Rollups but additionally safeguards customers from the dangerous results of MEV. This funding will propel us ahead in reaching our targets and redefining the boundaries of what’s doable within the blockchain sphere.”

Radius lately introduced a partnership with Saga, the Rollup-as-a-Service platform, whereas additionally becoming a member of the Celestia Ecosystem. The partnership is designed to drive additional developments within the roll-up expertise and improve the safety of the blockchain ecosystem.

Moreover, Radius stated it’s at the moment creating an MEV-Resistant Decentralized Change, often called 360. The brand new DEX is powered by Radius’ shared sequencing layer and is designed to considerably improve the consumer expertise and safety within the DeFi area.

Radius is a blockchain expertise firm pioneering a trustless shared sequencing layer that provides a cheap and sustainable answer for Rollups and protects their customers from dangerous MEV. 

Radius goals to revolutionise the Rollup area and contribute to the broader adoption of blockchain expertise. Radius will launch an alpha model of its sequencing layer in Q1 of 2024. 

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