Superblock Raises $8M for “Over Protocol,” a New Layer 1…

Seoul, South Korea, July twenty first, 2023, Chainwire

Superblock, a contributor to Over Protocol, has raised $8 million from outstanding corporations and VCs in South Korea throughout two funding rounds. Traders included SK, Netmarble, DSC, E&Funding, Schmidt, SpringCamp, and NaverZ.

Ben (Jae-Yun) Kim, the founding father of Superblock, stated: “We’re deeply diving into the South Korea market with the perfect native companions and seeking to meet world companions accelerating us all around the world.”

As layer 1 blockchains have turn out to be quicker and extra established over time, the prices of bootstrapping and sustaining nodes have turn out to be more and more costly. As a consequence, blockchain purposes have turn out to be difficult to function with out the usage of expensive gear.

Over Protocol is a brand new layer 1 blockchain based mostly on a protocol named “Ethanos” that solely considers lively accounts legitimate, enabling full nodes to discard out of date knowledge and function with much less storage, thus permitting for diminished storage necessities. With Over, anybody will have the ability to run a node and turn out to be a validator on their PCs at residence. Ethanos has been printed at EuroSys’21.

“With the flexibility for anybody to run a validator, people can earn doubtlessly passive revenue by way of a course of known as residence staking, enabling them to embrace a brand new way of life with new fee choices, enhanced credit score, and revolutionary finance alternatives,” Ben added.

About Superblock

Superblock builds merchandise, instruments, and decentralized purposes to flourish the Over Protocol. Over Protocol is a really decentralized layer 1 blockchain offering light-weight full nodes.

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David Kim
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