Radius Raises $1.7 Million to Expand Trustless Shared Sequencing Layer
Radius, a leader in blockchain technology that is developing a trustless shared sequencing layer, has just announced a $1.7 million pre-seed funding round. Hashed spearheaded the investment round, which also included contributions from Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com. Radius says it plans to use the funding to expand the company’s operations and push the limits of what is possible inside the blockchain industry.
Shared Sequencing Layer
Radius has developed Practical Verifiable Delay Encryption (PVDE), a ground-breaking zero-knowledge technology that enables it to offer a cost-effective and long-term solution for Rollups, shielding its users from potentially harmful Miner Extractable Value (MEV).
For rollup-centric ecosystems, the Shared Sequencing Layer has emerged as the answer to appropriately decentralising activities and structuring economic structures. Rollups can maximise earnings, while still protecting their users from malicious MEV because of the common sequencing layer between PVDE and Rollups.
Meanwhile, Radius has recently announced that it will be working with Saga, the Rollup-as-a-Service, and is now a part of the Celestia Ecosystem. The company says that this collaboration will boost the safety of the blockchain ecosystem and propel the development of rollup technology to new heights.
In addition to these successes, Radius is developing 360, a decentralised exchange that it says is immune to MEV attacks. This new DEX, built on Radius’s shared sequencing layer, is designed to vastly improve the DeFi user experience and security. Access to the alpha version of Radius’ sequencing layer is scheduled during the first quarter of 2024. Radius intends to use its innovative technology to transform the Rollup industry and push blockchain technology further.