High-frequency dealers WHIZ with Wall Street. They either coded scenarios to execute quick deals to make a small profit multiplied by one or ten thousand times, leading to serious cash. Or they can act millisecond faster than competitors to score big rates on the market swing. The speed is of paramount importance, and therefore HFT -traders have created their own private online cables -now a cry -project called Doublezero wants to do the same as accelerated by blockchains.
“We can use a completely different technology set that was mostly standard and actually in the world of high-frequency trade … but inaccessible to the public Internet, so they have never been used in Blockchain before,” said Austin Feder, co-founder of Doublezero and former executive Wealth.
Feder’s project, which has the same firmness of speed as firms in Michael Lewis’s famous book Flash BoysAlready attracted the capital. The Doublezero Foundation, one of the organizations behind the project, announced in early March that he had raised $ 28 million in a seed tour led by Marquee Crypto Investors Multicoin Capital and Dragonfly Capital. Other venture capital firms that contributed were Foundation Capital, Ucredvures, DBA, Capital Bromderless, SuperScrypt and Schecyless. In exchange for their cash, investors received tokens of warrants, or promised to distribute to the launched cryptocurrency, the Federal said.
COINDESK Solana or Ethereum is similar to Amazon Web Services or Google Cloud – but decentralized.
As with any cloud computing network, Blockchains have physical servers that process user transactions and launch programmers. For example, now, when servers that contain blockchain solana should communicate with each other, these signals are moving on public online infrastructure, the Federal said. Doublezero seeks to create a private cable network to speed up the blockchain processing power.
Jump Crypto, subsidiary digital assets HFT “Jumping”, and Labs Malbec – engineering structures standing behind Doublezero. They will not put physical cables to build a network, the Federal said. Not yet, all the same. Most likely, the company brings together insufficient bandwidth from HFT firms, private companies and even people to create a faster physical network of cable than what is currently available for blockchains.
And to make sure, like Blockchain, this physical network is decentralized, the Feder Foundation plans to launch its own cryptocurrency to reward those who make the project bandwidth.
Other co -founders of Feder – Matteo Ward and Andrew McConselle. Ward is a former CEO of Neutrona Networks, a portfolio company for trading jumps specializing in the construction of private online networks. And McConsel was a former best engineer in Jump.
Originally this story was presented on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/03/FD089504-4CE1-4967-96B7-D9B17FD41D14SolanaBreakpoint_SetVexy_HR_021218_SVA_1626-e1741901833794.jpeg?resize=1200,600
2025-03-15 11:00:00
Ben Weiss
