Caldera Raises $9 Million to Enable Second-Tier Blockchain Rollups

02/14/2023 18:07 • Crypto & Markets • 144 views

It is reported that Caldera, the “rollup as a service” platform, has announced that it has raised $9 million in two rounds of financing, led by Sequoia Capital and Dragonfly respectively. Other investors include Neo, 1kx and Ethereal Ventures, as well as angel investors from Web2 and Web3. Caldera enables anyone to start and run the dedicated and high-performance second-tier blockchain “rollups”. Rollup is a lightweight, highly customizable blockchain that inherits the security of another blockchain, such as Ethereum or Polygon. By providing each application with its own “app-rollup”, Caldera provides a dedicated channel for their application transactions, fundamentally reducing transaction costs, and enabling the project to eliminate risks from soaring costs and network disruption.

“Rollup as a Service” platform Caldera announced the completion of US $9 million financing

Interpretation of the news:

Caldera, a “rollup as a service” platform that allows the creation of dedicated and high-performance second-tier blockchains, has announced that it raised $9 million in two financing rounds, led by Sequoia Capital and Dragonfly. Other investors include Neo, 1kx, and Ethereal Ventures, as well as angel investors from Web2 and Web3.

Caldera is an innovative platform that enables anyone to start and run a second-tier blockchain rollup. Rollup is a lightweight blockchain that inherits the security of another blockchain, such as Ethereum or Polygon. Rollups allow for an increased throughput of transactions by bundling them together, reducing the overhead costs for each transaction.

By creating dedicated channels for each application’s transactions, Caldera can fundamentally reduce transaction costs, thus eliminating risks from soaring costs and network disruption. This reduction in transaction costs allows for more efficient and effective use of blockchain technology, making it more accessible to smaller projects that would otherwise be priced out of the market.

Caldera’s platform is a significant advancement in the world of blockchain technology. It enables the creation of dedicated and high-performance second-tier blockchains, which open up a range of new possibilities for blockchain use cases. With the support of investors like Sequoia Capital and Dragonfly, Caldera is positioned to become a leader in this emerging field.

In conclusion, Caldera’s recent financing rounds represent a significant milestone for the company and the blockchain industry as a whole. It demonstrates a growing interest in the practical applications of blockchain technology and its ability to transform the way we live and work. With Caldera at the forefront, we can expect to see more innovations in the years to come, as the blockchain revolution continues to gain momentum.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/106.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.