Congratulations to#RISEGigagasfor the second layer, which received a seed round of financing of US$3.2 million, led by Finality Capital. Other investors include Orange DAO, DACM, ether.fi Ventures, P2 Ventures, MH Ventures, etc. The most striking thing is that Vitalik Buterin is also one of the angel investors, which is very rare.

#RISE is a brand new Layer 2 solution that aims to break through the limitations of existing technologies and provide a throughput of more than 1 billion Gas per second. The project was co-founded by experienced Web3 developers Sam Battenally, Hai Nguyen, and Sasha Mai, and was incubated by Caliber Venture Builder.

Core advantages:

1. Pevm (Parallel EVM Engine): An open source parallel ETH virtual machine engine written in Rust, known as the fastest public EVM execution engine, supporting new parallel dApp designs for EVM, such as Sharded AMM.

2. Continuous Block Pipeline: By continuously executing Layer 2 transactions, it eliminates CPU idle time during the Layer 1 consensus waiting period and ensures efficient transaction processing.

3. Versioned Merkle Tree and RiseDB: Provide advanced state access methods to optimize performance.

Application scenarios:

RISE's technology is designed to improve scalability in areas such as DeFi, Gaming, and Social Networking. By introducing Gigagas technology,#RISEis ready for a new era of high-performance applications.

Imagine the scene

DeFi: decentralized exchanges process millions of transactions per second, or lending protocols can process loans for millions of users instantly.

Game field: The Gigagas era can realize a completely on-chain gaming experience, allowing thousands of players to be online at the same time.

Social: Social networks can scale to billions of users through real-time interactions.

With such a strong vision and performance advantage, the Gigagas era led by#RISEis expected to set off an unprecedented wave of decentralized applications in the future and lead one billion users into #Web3.

Join the Gigagas Era Revolution:

#RISE's internal testnet is now open to developers. Whether you are a developer eager to build the next generation of decentralized applications, or a Web3 user who is looking forward to the above vision, join#RISEand become part of the Gigagas era.

#RISE technology stack is optimized to run a full node with only 32 GB RAM, which is very user-friendly. In addition, RISE plans to launch Based Sequencing next year to enhance the decentralization of Layer 2 block sorting. Worth looking forward to!

Summarize:

RISE is at the forefront of Layer 2 scalability solutions through its innovative technology and strong capital support. By implementing parallel EVM, optimizing execution processes, and innovating database design, RISE aims to achieve an ambitious throughput of 100,000 transactions per second and set new blockchain technology standards. With the advent of the Gigagas era, the platform will have a significant impact on all areas of Web3 and promote the emergence of a new round of high-performance decentralized applications. Stay tuned! 🧐