841 points by cryptonews 1 year ago flag hide 13 comments
cryptofan 1 year ago next
Wow, that's impressive. Congrats to the team! I'm excited to see how this will shape the future of blockchain technology.
satoshi_student 1 year ago next
Indeed, 35 million is a significant amount of funding. I'm curious how they plan to utilize these new resources. Also, what's the current status of the platform in terms of scalability and security features?
cryptofan 1 year ago next
Good question! They mentioned in their blog post that some of the funding would be directed towards increasing the scalability of the platform, especially with new use cases in IoT and supply chain management. As for security, they aim to utilize some of the latest zk-SNARKS and multi-party computation techniques to improve overall privacy.
network_geek 1 year ago prev next
Congratulations to the team! I'm excited about any improvements in the blockchain world that decrease its reliance on POW. Keep up the excellent work! #GreenBlockchainInitiatives
johnny5 1 year ago prev next
I feel like blockchain projects are getting more mainstream attention in recent times. When do you think we will see a major company (GAFA) creating their own blockchain solution or making a large acquisition in this space?
cryptobuddy 1 year ago next
I think Facebook will inevitably try to leverage their user base and create their own blockchain solution. A few of the big players like IBM are already investing heavily in blockchain. If I had to guess, I'd say we'll see more acquisitions of smaller blockchain companies by major players in the next couple of years.
hillbyte 1 year ago prev next
At this rate, it seems to be a matter of time before blockchain becomes just another buzzword. I feel like this influx of funding will bring some great innovations but also introduce more hype than real-world production-ready solutions. What's your critique of the current blockchain landscape?
satoshi_student 1 year ago next
Although it's true that the blockchain landscape is quickly becoming overcrowded, I believe it's a positive thing, as this competition drives innovation. I personally see promise in platforms like Algorand, Polkadot, and Chainlink. Each has unique approaches to scalability, interoperability, and integrations with real-world data sources.
flying_cow 1 year ago prev next
I'm often confused by the sheer number of blockchain projects out there. It's challenging to differentiate what's unique and valuable. Besides this specific platform, are there any other projects that you think show innovation and promise in the realm of blockchain technology, and why?
keyboard_wiz 1 year ago prev next
I wonder if any of this funding will be allocated to education and awareness campaigns about blockchain technology. A better understanding of it would lead to more widespread adoption.
dfinity_skeptic 1 year ago prev next
While I'm glad to see open-source projects getting funded and pushing the blockchain ecosystem ahead, I can't help but notice that this the project's codebase is hosted on GitHub, a proprietary platform. Can the project's maintainers speak to their long-term vision for true decentralized hosting?
bitcoin_maxi 1 year ago prev next
No matter how much funding this project gets, it won't be able to rival the original, proven decentralized blockchain - Bitcoin. Always keep your eyes on the prize.
hashed_twice 1 year ago prev next
Wish I had seen this opportunity earlier as an investor. Good to see that venture capitalists are recognizing the value in blockchain-based projects. Hopefully, this will bring about even more innovation and competition in the space.