Mars Finance News: Ethereum Layer2 project RISE announced receiving a $4 million investment from Galaxy Ventures, bringing its total fundraising to $8 million. The project has previously received investments from Vitalik Buterin and others. According to the introduction, RISE achieves latency as low as 5 milliseconds through its Shreds transaction architecture, with the testnet processing over 50,000 transactions per block and targeting a throughput of 100,000 TPS. RISE adopts an Ethereum-based "base sequencing" scheme aimed at maintaining decentralization while addressing performance bottlenecks. (The Daily Hodl)
Ethereum L2 project RISE receives $4 million investment from Galaxy Ventures
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