The Doublezero Protocol, a high-speed network of Hibla-optic connections dedicated to the high-throughput blockchain traffic delivery, launched Mainnet-Beta on Thursday, along with a public utility token to the network’s utility token.
Doublezero’s decentralized physical network (DEPIN) now hosts more than 70 direct high-speed links between 25 geography locations to route blockchain traffic directly between resource and destination, reducing communication latency and speeding speed.
The Public Internet is a bottleneck for cryptoDoublezero founder Austin Federa told Cointelegraph in May, adding that the public Internet was not designed for shared agreement protocols as it was combined with general goal traffic, such as playing and streaming media. Federa said:
“The public Internet downside is not built for high performance systems. It is always built for this type of relationship of a large server talking to a small server.”
Doublezero’s launch of a high-speed communication network dedicated to blockchain and crypto network signals to grow industry, transient Relying on public internet and its main obstacles to the shared digital network.
Related: SEC removes depin tokens as ‘Introduction’ outside the scope
The SEC clasped the depin tokens that had fallen out of its supervision
The US Securities and Exchange Commission (SEC) has released a no action Letter On Monday in response to the proposed launch of the Doublezero token, to a major success for blockchain depin networks.
“The person who runs a node, provides storage, or sharing bandwidth rewards. These tokens do not share stock with a company or income promises from the efforts of the management of others,” Sec Commissioner Hester Peirce write.
“These projects allocate tokens in return for work conducted or services provided,” he continues, focusing that the depin node runners operate like business owners rather than investors in security.
The letter without the SEC action has removed the way for public launch of the native token of Doublezero, which follows Its closed sale to validators In April.
It also signed a seismic shift in the previous SEC position, The classification of most crypto tokens as security and filing demands against crypto companies launching novel products that do not necessarily fall under traditional ownership labels.
SEC under former chairman Gary Gensler is worth crypto firms at least $ 426 million in trial costsAccording to the Advocacy Group the Blockchain Association.
Magazine: Most depin projects almost use blockchain: true or not?
