Austin Federa, co-founder and CEO of DoubleZero, has highlighted that the public internet is a significant bottleneck for blockchain performance, emphasizing the need for dedicated communication infrastructure. He noted that the public internet was originally designed for basic client-server interactions and is inadequate for the high data demands of modern blockchain networks. Validators distributed globally require vast resources for data transmission, and the limitations of public internet infrastructure are now the primary constraint on blockchain efficiency, surpassing issues related to compute power and software. DoubleZero aims to enhance blockchain speeds, reduce transaction fees, and enable new use cases by developing high-speed fiber optic communication networks. Following a successful capital raise of $28 million, DoubleZero plans to sell token purchase agreements to accredited investors and existing validators on high-throughput networks like Solana and Avalanche. The initiative aims to address the growing demand for higher throughput in the blockchain sector, necessitating advancements in communication technology.

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