Unveiling MegaETH What Makes It Attract Angel Investors like Vitalik and Cobie

English Title Unveiling MegaETH What Makes It Attract Angel Investors like Vitalik and Cobie

English Title Unveiling MegaETH What Makes It Attract Angel Investors like Vitalik and Cobie

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MegaETH Receives Investments from Angel Investors Vitalik and Cobie
What is MegaETH?
What are the Technical Features of MegaETH?
According to The Block, blockchain development company MegaLabs recently announced that it has raised $20 million in seed funding. Kong Shuyao, co-founder and COO of MegaLabs, stated in an interview with The Block that this funding round began in December of last year and concluded in May of this year. The structure of this funding round includes equity and tokens, resulting in a post-dilution valuation for MegaETH of at least $100 million.

Leading the seed funding round are venture capital firms such as Dragonfly, Figment Capital, Robot Ventures, and Big Brain Holdings. In addition, angel investors including Ethereum co-founder Vitalik Buterin, ConsenSys founder and CEO Joseph Lubin, EigenLayer founder and CEO Sreeram Kannan, ETHGlobal co-founder Kartik Talwar, Helius Labs co-founder and CEO Mert Mumtaz, as well as Hasu and Jordan Fish (also known as Cobie), all participated in this funding round.

The concept behind the MegaETH blockchain is to address the limitations of most Ethereum Virtual Machine (EVM) compatible blockchains, which can only achieve a few hundred transactions per second. The goal is to achieve a processing capacity of 100,000 transactions per second.

Kong Shuyao explained that MegaETH claims to be the first “real-time blockchain” that is fully compatible with Ethereum. The term “real-time” refers to MegaETH’s ability to process and update results instantly as transactions arrive. MegaETH achieves this by leveraging the security of Ethereum, Optimism’s Fault Proofs system, and its own optimized sorter. She further stated that the platform also needs to support high transaction throughput and powerful computational capabilities to ensure this real-time experience even during peak user demand.

MegaETH’s two key technologies are its heterogeneous blockchain architecture and its “hyper-optimized” EVM execution environment, which enable it to achieve 100,000 TPS in a real-time environment. According to the official statement, the heterogeneous blockchain architecture improves overall network performance by allowing network nodes with different hardware configurations to specialize in specific tasks, while the hyper-optimized EVM execution environment pushes throughput, latency, and resource efficiency to their hardware limits.

MegaLabs stated that its public testnet for MegaETH is expected to launch in early autumn, with the mainnet planned for release before the end of the year. When asked if MegaETH’s native token will be launched alongside the mainnet, Kong Shuyao stated that the team has not yet made a decision.