Jun 27, 2024
https://shuyao.substack.com/p/building-the-first-real-time-blockchain
Uplift everyone, everywhere
Blockchains are the ultimate equalizers. They give anyone, anywhere, the trust and capital to bootstrap ideas that were once impossible. Start a bank, become an artist, degen as a trader, spark a cultural trend, or even launch a network state—it's all within reach.
The magic of crypto lies in its permissionless nature. It creates a digital economy that's free, global, transparent, and fair. This lets raw talent shine and make a difference, including the MegaETH founding team.
A year ago, MegaETH was just a research project aiming to scale blockchain performance without sacrificing security or decentralization. Our engineers and researchers spent countless hours **identifying performance bottlenecks** in existing blockchains and devising innovative techniques to overcome them.
Today, MegaETH has a live and performant devnet and is making steady progress towards becoming the fastest possible blockchain, limited only by hardware. It's a thrill to work on technology that empowers others to create magic, and an honor to welcome supporters who help us speed up our mission.
We are proud to announce that MegaETH has raised $20 million in a seed round led by Dragonfly Capital, with participation from Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holdings, Tangent, and Credible Neutral. Renowned angels include Vitalik Buterin, Joseph Lubin, Sreeram Kannan, Cobie, Karthik Talwar, Hasu, Santiago, and Mert.
This round brings together the brightest minds in the industry to build an ecosystem that fulfills the promise of a digital economy that uplifts everyone, everywhere.
SaveTwitter.Net_VnuHpCsparNKaez2_(720p).mp4
People increasingly want to store their savings in stablecoins on-chain, bet on world events on-chain, and post content to social networks on-chain, but today’s blockchains cannot offer the snappy, reliable experience that people are used to in mainstream consumer applications.
High throughput blockchains, such as Solana, are unable to scale to meet user demand and suffer from constant congestion and reliability issues. Ethereum Layer-2 Blockchains, while easy to develop, are not optimized for performance and are fundamentally limited in the number of users they can serve.
Enter MegaETH.
**MegaETH is the first Real-Time Blockchain, capable of streaming transactions at 100,000 transactions per second with millisecond-level responsiveness.**
We achieves our real-time performance through two key techniques: