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Nibiru Chain has activated its public mainnet, showcasing a layer-1 blockchain network with a professed throughput of 40,000 transactions per second. The network had previously secured a funding injection of $12 million from backers such as Kraken Ventures. The platform aims to expand its user base by leveraging parallel optimistic execution, a functionality allowing simultaneous processing of multiple distinct transactions.
The newly launched mainnet employs parallel optimistic execution, enabling it to manage multiple transactions concurrently.
Challenges like intricate onboarding processes, opaque decision-making, and issues related to affordability, scalability, and transparency, Nibiru have been addressed. Special Being, the CEO and co-founder of Nibiru Chain, emphasized the company's commitment to removing barriers that have deterred potential users.
Since its inception in 2022, Nibiru Chain has amassed nearly $20 million funding from different investors. These include Kraken Ventures, Republic Capital, Original Capital, Tribe Capital, and ArkStream. Furthermore, the project's initial token allocation of $3 million in NIBI tokens was successful on CoinList, with over 5,000 buyers and over 40,000 registrants, underscoring the enthusiastic reception from the crypto community.
editor
A digital nomad exploring the limitless potential of decentralized finance in a centralized economy.