High frequency traders are Whiz Children Wall Street. They either encode scripts to perform rapid stores to get a small profit that, multiplied by one or ten thousand times, result in serious money. Or are able to act on milliseconds faster than competitors to achieve large bets on market swings. The speed is most important, which is why HFT traders have created their own private networks of internet cables – now, a crypto 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 de facto in the high -frequency trading world … but they are not available via public internet, so they have never used to get to Blockchain before,” she said Wealth.
Feder’s project, which has the same obsession with speed as companies in the famous HFT book by Michael Lewis Flash Boyshe had already drawn the capital. The Doublezero Foundation, one of the entities behind the project, announced in early March that he had raised $ 28 million in the seed circle led by Marquee Crypto Investors Multicoin Capital and Dragonfly Capital. Other companies of the risky capital that contributed to the share capital, reciprocal venture, DBA, capital without a limit, superscrypt and no friction. In exchange for their money, investors received a token order or promised to extract a cryptocurrency currency still triggered, Federa said.
Kinddesk Solana or Ethereum are like Amazon Web Services or Google Cloud – but decentralized.
Like any cloud computing network, Blockchains has physical servers that process user transactions and run the developers apps. Currently, when the servers that power the Blockchain Solan, for example, should communicate with each other, these signals move to public internet infrastructure, Federa said. Doublezer aims to create a private cable net to accelerate Blockchain’s processor power.
Jump Cripto, a Digital Property Branch of HFT Jump Trading, and Malbec Labs are engineering entities behind Doublezero. He will not lay physical cables to build a network, Federals said. Anyway, anyway. Instead, the company connects with insufficiently used permeable widths from HFT companies, private companies, and even individuals to build a faster physical network of cables than the one currently available for blockchains.
And in order to make sure that, just like Blockchain, this physical network of decentralized, the Federal Foundation plans to launch its own crypto currency to reward those who contribute to the project permeability.
The Federal co -founders are Mateo Ward and Andrew McConnell. Ward is a former Networks Neutron CEO, a portfolio jumping company that specializes in the construction of private online networks. And McConnell was a former top jump engineer.
This story is originally displayed on Fortune.com
