How Jump and Solana vets are building a hyper fast internet for blockchains
High frequency traders are children in Wall Street. Either the textual programs are a symbol to implement fast deals to achieve small profits, which are doubled by one or ten thousand times, leading to dangerous money. Or they are able to behave a second millimeter faster than competitors to record large stakes on market fluctuations. Speed is Paramount, that is why HFT traders have created their own networks of internet cables – now, an encryption project called Doublezero wants to do the same to accelerate Blockchains.
“We can use a completely different set of technologies that were basically standard and real in the world of high -frequency trading … but it is not available on the general Internet, so it has not been applied to Blockchain before.” luck.
Federa project, which has the same mania with companies ’speed in the famous HFT book for Michael Lewis Flash BuiseIt has already attracted the capital. Doublezero, one of the entities behind the project, announced in early March that it raised $ 28 million in a seed tour led by Marquee Crypto Investors Multicoin Capital and Dragonfly Capital. Other investment capital companies that contributed were the Foundation Corporation, mutual projects, DBA, capital without limits, Farshisib, and without friction. In exchange for their money, investors have received symbolic orders, or promised the privacy of an encrypted currency that has not yet been launched.
Coindsk Solana or Ethereum is similar to the services of Amazon Web Services or Google Cloud – uncontrictural.
Like any cloud computing network, Blockchains has actual servers that process user transactions and operate programmers apps. Currently, when the servers that operate Solana Blockchain, for example, need to communicate with each other, these signals work on the public Internet infrastructure, Federa said. Doublezero aims to create a special network of cables to accelerate the Blockchain treatment force.
Jump Crypto, affiliated with HFT Jump Trading and Malbec Labs are the engineering entities behind Definzero. Federa said they will not put the material cables to build the network. Not yet, anyway. Instead, the company collects the unexploited domain range from HFT companies, private companies and even individuals who build a faster material network of cables, which is currently available to the battery.
To ensure that, just like Blockchain, this material network is decentralized, and the FEDERA is planning to launch its encrypted currency to reward those who contribute to the frequency range in the project.
Other founders of Federa are Mateo Ward and Andrew McConnell. Ward is the former CEO of Neutrona Networks, a portfolio of jumping business specialized in building private internet networks. McConnell was a former engineer in Jump.
This story was originally shown on Fortune.com
2025-03-15 11:00:00
