Mediamutau, Vitalik Buterin, co-founder of Ethereum, recently became an investor in the L2 MegaETH project, a promising Ethereum-compatible blockchain project. MegaETH aims to increase the speed and efficiency of blockchain by leveraging new technologies.
One of the reasons why Vitalik invested in this project is because Megaeth has the potential to improve blockchain performance, especially on Ethereum
The following are MegaEth's superior points both in terms of technology and funding
1. Transaction Speed: MegaETH, developed as a Layer 2 solution on top of Ethereum, has an impressive transaction processing speed of up to 100,000 transactions per second (TPS) with millisecond latency.
2. Seed Funding: The project managed to raise $20 million in a seed funding round from various institutional and individual investors. Interestingly, Vitalik Buterin himself is among the backers.
3. Mega Angels: Other individual investors, called “Mega Angels,” include Joseph Lubin, Sreeran Kannan, Cobie, Santiago Roel, Kartik Talwar, Hasu, and Mert Mumtaz.
4. Technologies Used: MegaETH uses in-memory computing, state synchronization, and a new state trie design to achieve impressive performance. Its technical stack includes Rust Ethereum and Alloy Merkle Patricia Trie (MPT).
5. Developer Program: Along with the funding announcement, MegaETH launched the “0xMegaMafia” program, aimed at developers exploring decentralized real-time applications.
Overall, MegaETH's ambitious goals and strong support make it a project worth watching closely as it seeks to contribute to Ethereum's growth and scalability.
So what do you guys think?
author : startman
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