Key Buyers
The financing spherical included contributions from:
- Notable angels: Anatoly Yakovenko, Nick White, Santiago Santos, Comfortable Capital, Austin Federa, Jason Yanowitz
Founders and Imaginative and prescient
Anil Kumar and Sattvik Kansal based Rome. The startup goals to ascertain Solana because the spine for shared sequencers and information availability (DA).
Shared Sequencers and Information Availability
Shared sequencers batch transactions from layer-2 blockchains and ship them to the bottom Ethereum chain. Decentralizing these sequencers can stop single factors of failure. DA tasks retailer transactional information from Ethereum layer-2s at decrease prices than the principle Ethereum chain.
Why Solana?
Kumar defined in an interview that Solana was chosen for its effectivity as a state machine. In comparison with Bitcoin, Cosmos, and Ethereum, Solana stood out as the best choice.
Atomic Transactions
Rome goals to allow atomic transactions between Ethereum layer-2 networks. These transactions contain a number of legs on totally different blockchains. If any half fails, the entire transaction is void, costing solely the low charge of a Solana transaction.
Competing Initiatives
Rome joins different tasks engaged on shared sequencers and DA. Listed here are some notable rivals:
- Metis: An Ethereum layer-2 venture working a decentralized sequencer.
- Espresso Programs: Constructing an L2 sequencing market.
- NEAR Basis: Spun out Nuffle Labs with $13 million funding to supply DA.
- Avail: Plans to combine its DA community into 5 Ethereum layer-2s, together with Arbitrum, Optimism, Polygon, StarkWare, and zkSync.
Timeline and Future Plans
Rome will open a closed community to builders this month. A check community is deliberate for the top of 2024, with the principle community launch anticipated in mid-2025.
Abstract of Options and Rivals
Function |
Rome |
Rivals |
Shared Sequencers |
Makes use of Solana as an auxiliary community |
Metis, Espresso Programs |
Information Availability |
Low-cost storage for Ethereum layer-2s |
Nuffle Labs (NEAR Basis), Avail |
Funding |
$9M from top-tier buyers |
Nuffle Labs ($13M), different undisclosed quantities |
Atomic Transactions |
Between Ethereum layer-2s |
No direct rivals in atomic transactions |
Community Launch |
Closed community (2023), Take a look at community (2024), Predominant community (2025) |
Varied timelines relying on the venture |
Rome’s revolutionary method of utilizing Solana to assist Ethereum layer-2s goals to make blockchain transactions extra environment friendly and cost-effective. The startup’s strategic funding and robust backing place it effectively within the aggressive crypto panorama.