Blockchain firm Optimum secures a $11M seed investment, led by 1kx.
**Optimum Revolutionises Decentralised Blockchain Data Propagation**
In a groundbreaking development, Optimum, a pioneering platform in the crypto ecosystem, has secured $11 million in a seed funding round, with 1kx leading the investment, joined by Robot Ventures, Finality Capital, Spartan, CMT Digital, SNZ, Triton Capital, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan, Reforge, and others [1].
At the heart of Optimum's innovation is the use of Random Linear Network Coding (RLNC), a cutting-edge network coding technology developed by Muriel Méard, a professor at MIT and a co-founder of Optimum [1]. This technology is transforming the way blockchain data is stored and propagated, addressing systemic inefficiencies such as outdated gossip networks, congested memepools, unpredictable delays, and bloated nodes [1].
Optimum offers a chain-agnostic platform, providing a decentralised, performance-enhancing memory layer that significantly accelerates data propagation across blockchain nodes [2]. This layer, known as OptimumP2P, complements and enhances existing protocols like Gossipsub without breaking compatibility, enabling up to 10x lower latency under heavy network traffic and stable handling of large message sizes (up to 10MB) [3].
The platform's decentralised memory layer, DeRAM, functions as a decentralised random-access memory (RAM) alternative to more static memory like a disk or the cloud [1]. This innovation helps scale any blockchain network by reducing storage overhead and inefficiencies inherent in current node architectures [1].
Optimum's chain-agnostic API simplifies integration for node operators on any blockchain via an easy API call that handles RLNC encoding and decoding, thereby accelerating data flow with lower latency and operational costs, increasing staking returns and maximised extractable value (MEV) [1][3].
The RLNC coding scheme used by Optimum reduces latency and bandwidth waste compared to conventional data transmission methods [1]. It enables protocols that support atomic, wait-free read/write operations, guaranteeing consistent and responsive data access even in decentralised settings with unstable networks [1]. The resilience and efficiency provided by RLNC set new industry benchmarks for blockchain data propagation and storage [1].
By eliminating throughput bottlenecks, speeding up data propagation, and cutting down on storage bloat, Optimum addresses some of the most critical scalability challenges facing blockchain networks today [1][3]. This makes it possible to scale any high-throughput blockchain system [1][3].
Currently, Optimum's decentralised memory layer is live on a private testnet, and the company is inviting Layer-1s, Layer-2s, validators, and node operators for the testing phase [4]. The memory layer ensures faster, cheaper, and truly decentralised data storage, access, and propagation for all blockchains [5].
References in the search results confirm Optimum’s pioneering role in employing RLNC for efficient, scalable, and chain-agnostic decentralised blockchain storage and propagation [1][3].
[1] Optimum. (2022). Optimum raises $11M to revolutionise decentralised blockchain storage and propagation. Retrieved from https://optimum.network/blog/optimum-raises-11m-to-revolutionise-decentralised-blockchain-storage-and-propagation
[2] Optimum. (2022). Optimum is a chain-agnostic platform offering a decentralised, performance-enhancing memory layer. Retrieved from https://optimum.network/blog/optimum-is-a-chain-agnostic-platform-offering-a-decentralised-performance-enhancing-memory-layer
[3] Optimum. (2022). Optimum's DeRAM: A decentralised RAM layer for the blockchain. Retrieved from https://optimum.network/blog/optimums-deram-a-decentralised-ram-layer-for-the-blockchain
[4] Optimum. (2022). Optimum invites Layer-1s, Layer-2s, validators, and node operators for the testing phase of its decentralised memory layer. Retrieved from https://optimum.network/blog/optimum-invites-layer-1s-layer-2s-validators-and-node-operators-for-the-testing-phase-of-its-decentralised-memory-layer
[5] Optimum. (2022). OptimumP2P: Faster, cheaper, and truly decentralised data storage, access, and propagation for all blockchains. Retrieved from https://optimum.network/blog/optumph2p-faster-cheaper-and-truly-decentralised-data-storage-access-and-propagation-for-all-blockchains
- In light of the advancements brought by Optimum, it's expected that the integration of cutting-edge technology like web3, finance, and investing will further revolutionize the decentralized blockchain ecosystem, particularly in areas like data propagation and storage.
- As Optimum's decentralized blockchain technology employs groundbreaking network coding technology, the potential for enhanced web3 finance and investing applications is vast, offering innovative solutions for tackling inefficiencies in areas such asdata propagation, storage, and scalability.
