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Radius Raises $1.7M in Pre-Seed Funding

Blockchain company Radius has announced that it has raised $1.7 million in pre-seed investment.

In a press release shared with Coinjournal, Radius revealed that the funding round was led by Hashed, with participation from Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com.

Radius will use this funding to develop a trustless shared sequencing layer. According to the Radius team, shared sequence layers decentralize rollup operations well.

The company aims to provide economical and sustainable solutions for rollups. This ensures rollup users are protected from harmful Miner Extractable Value (MEV).

Radius achieves this goal using an innovative zk scheme known as Practical Verifiable Delayed Encryption (PVDE). A shared sequence layer with PVDE maximizes rollup revenue while protecting the user from harmful his MEVs in a truly trustless manner.

Radius Announces Partnership with Saga

while commenting on this latest cryptocurrency newssaid AJ Jihoon Park.

“Radius is committed to establishing a standard for a trustless shared sequencing layer that not only maximizes rollup revenue, but protects users from the harmful effects of MEV. achieves its goals and will be able to redefine the boundaries of what is possible in the blockchain space.”

Radius recently announced a partnership with Saga, a Rollup-as-a-Service platform, while also joining the Celestia ecosystem. The partnership aims to drive further advancements in Rollup technology and strengthen the security of the blockchain ecosystem.

He further said that Radius is currently developing a MEV-resistant decentralized exchange known as 360. The new DEX utilizes Radius’ shared sequence layer and is designed to greatly enhance user experience and security in the DeFi space.

Radius is a blockchain technology company pioneering a trustless shared sequence layer that provides an economical and sustainable solution to rollups and protects users from harmful MEVs.

Radius aims to revolutionize the rollup space and contribute to the widespread adoption of blockchain technology. Radius plans to release an alpha version of Sequence His Layers in the first quarter of 2024.

By Jules

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