Cryptocurrency venture capital company Paradigm has launched its first production-ready Ethereum execution client, called Reth 1.0, developed using Rust. The client will on providing stable mainnet nodes and aims to achieve high throughput performance in remote procedure calls (RPC), synchronization, and storage capacity.
Georg Konstantopoulos, the CTO of Paradigm, stated that an execution client is a software application that connects to the Ethereum network and executes network rules. Being production-ready means that Reth 1.0 is now available for developers or validators to use in their production environments for processing transactions and operations.
The team mentioned that currently Reth 1.0 can synchronize with the Ethereum mainnet within approximately 50 hours from genesis while managing around2.25 of archival node storage with high transaction throughput and low latency, making it potentially the fastest synchronization speed among all projects.
Performance-focused execution client
Execution clients play a vital role in handling transactions, executing smart contracts, and maintaining the state of the Ethereum network. Reth will complement existing Ethereum execution clients such aseth, Nethermind, Besu, and Erigon.
The introduction of this new execution client will contribute to diversifying the Ethereum client ecosystem. It is crucial for users to rely on diverse client projects that provide fully functional node software with good connectivity to network.
Future version Reth 1.1 will prioritize support for OP Stack. Paradigm has invited industry participants to use R in production and offers priority support and customized features for early partners. Recently, Paradigm announced raising $ million for its third fund focused on early-stage crypto projects.
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