đMegaLabs, the genius behind a new Ethereum scaling protocol so fast it's practically teleportation, just bagged a cool $20 million in a seed round. Dragonfly Capital led the charge, with Ethereum's very own Vitalik Buterin among the angel investors.
đ°The cash injection will be used to build out the MegaETH protocol, aiming to have a testnet live in a few months. MegaETH is all about speed, planning to process a whopping 100,000 transactions per second. That's like the Flash of blockchains!
đ§MegaETH's secret sauce? A heterogeneous blockchain architecture and a hyper-optimized EVM execution environment. Basically, it's like putting a rocket engine in a sports car.
đInspired by Buterin's 2021 blog post "Endgame", MegaETH is all about scaling Ethereum. Buterin himself seems thrilled, saying "I am excited to see brilliant developers taking on this challenge."
đŹWhat do you think about MegaETH's ambitious plans? Is it the future of Ethereum scaling or just another pipe dream? Let's discuss in the comments! #DeFi #Web3 #Ethereum #MegaETH