🚀MegaLabs, the brains behind the new Ethereum scaling protocol, MegaETH, has raised $20M in a seed round led by Dragonfly Capital! The protocol is designed to be so fast, it's considered "real-time".

👥Notable participants include Ethereum co-founder Vitalik Buterin, Consensys CEO Joseph Lubin, and more. The funds will be used to build out the MegaETH protocol, aiming for a testnet launch in the coming months.

⚡MegaETH aims to process a whopping 100,000 transactions per second with millisecond-level responsiveness. It achieves this through a heterogeneous blockchain architecture and a hyper-optimized EVM execution environment.

🔍The concept was partly inspired by Buterin’s 2021 blog post, “Endgame,” addressing Ethereum scaling. Buterin expressed his excitement about brilliant developers tackling this challenge.

What are your thoughts on this real-time blockchain? Let's discuss below! #blockchain #ethereum #scaling