Seoul, South Korea, July twenty first, 2023, Chainwire
Superblock, a contributor to Over Protocol, has raised $8 million from distinguished 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 trying to meet international companions accelerating us all around the world.”
As layer 1 blockchains have turn into sooner and extra established over time, the prices of bootstrapping and sustaining nodes have turn into more and more costly. As a consequence, blockchain functions have turn into difficult to function with out the usage of expensive tools.
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mostly on a protocol named “Ethanos” that solely considers lively accounts legitimate, enabling full nodes to discard out of date knowledge and function with much less storage, thus permitting for diminished storage necessities.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 be capable of run a node and turn into a validator on their PCs at house. Ethanos has been revealed at EuroSys’21.
“With the flexibility for anybody to run a validator, people can earn probably passive earnings by a course of referred to as house staking, enabling them to embrace a brand new life-style with new cost choices, enhanced credit score, and revolutionary finance alternatives,” Ben added.
Superblock builds merchandise, instruments, and decentralized functions to flourish the Over Protocol. Over Protocol is a really decentralized layer 1 blockchain offering light-weight full nodes.