High -frequency merchants are children from Wall Street. Either they code scripts to make fast shops to cause small profits that, multiplied by one or ten thousand times, lead to serious cash. Or they are able to act milliseconds faster than competitors to get large betting on market fluctuations. The speed is paramount, and therefore HFT traders have created their own private network networks – now, a crypto project called Doublezero wants to do the same thing to speed up blockchains.
“We can use a completely different set of technologies that were basically standard and de facto in high -frequency trading … But they are not available on public Internet, so they have never been applied to blockchain before,” said Austin Federa, co -founder Doublezero and former CEO in Solana Foundation, said, said Luck.
Federa's Project, which has the same obsession at speed as the company in the famous HFT book Michael Lewis Flash boysHe has already attracted capital. The Doublezero Foundation, one of the projects behind the project, announced at the beginning of March that it had received $ 28 million in the seed of Crypto Investors Multicoin Capital and Dragonfly Capital. Other companies of risk capital that contributed were the Capital, Reciprocal Ventures, DBA, Borderless Capital, SuperCrypt and Fictionles. In exchange for their cash, investors received token orders or promised the assignment of the still running cryptocurrencies, Federa said.
Coindesk Solan or Ethereum are like Amazon or Google Cloud web services – but decentralized.
And like any cloud computing network, blockchains have physical servers that process user transactions and start programmers' applications. At present, for example, when servers that, for example, supply Solana Blockchain, have to communicate with each other, these signals pass through the public internet infrastructure, Federa said. The aim of Doublezero is to create a private network of cables to speed up blockchain processing performance.
Jump Crypto, a subsidiary for the digital assets of HFT Firm Jump Trading and Malbec Labs, are engineering entities for double. They will not determine physical cables to create a net, Feder said. Not yet, anyway. Rather, the company paves the insufficiently used bandwidth from HFT, private companies and even individuals to build a faster physical network of cables than what is currently available for blockchains.
And to make sure that, like blockchain, this physical network is decentralized, Federa's foundation plans to start its own cryptocurrency to reward those who contribute to the project by the bandwidth.
