Linera, a Class 1 blockchain project aimed at bringing Web2 scalability to Web3, has completed a $6 million seeding round led by Marc Andreessen's Andreessen Horowitz (a16z).
Cygni Capital, Kima Ventures and Tribe Capital also participated in the round, Linera said in a statement on Tuesday.
Linera founder and CEO Mathieu Baudet has a Ph.D. in cryptographic protocol and is a former Meta (FB) employee who helped create Facebook's Libra blockchain.
Baudet said, "If you interact with traditional exchanges or you're used to instant interactions, we want to get closer to that." "Actions are responded to in real time very quickly by a standard centralized system."
Another feature of Linera is linear scalability, a system from Web2 where additional processing units are added as needed. In linera's case, this includes segments or individual threads of the series that add additional validators to increase network efficiency.
Note: Blockchain Linera is a new project, which has not officially launched. You must not be confused with the pre-existing Linear project with the coin LINA is a new project, not officially launched. You must not be confused with the pre-existing Linear project with the coin LINA,
Sharding is a technique aimed at implementing three tenets of blockchain networks: scalability, security, and decentralization. It is an important component of the Ethereum Merging phase, with the goal of expanding the network by segmenting it into smaller chains.
Baudet said Linera plans to use the funding to hire engineers and members to build the protocol. He did not say when the network would launch the open source protocol.
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