CandleFocus Hyve Unveils High-Performance Data Availability Protocol With 1 GB/s Throughput
2024-10-17
Author: Content Editor
Hyve, a blockchain pioneer, has introduced its data availability solution, HyveDA, which boasts impressive throughput speeds and aligns with the principles of blockchain technology. HyveDA aims to expand its capabilities and accommodate complex applications as the network matures. To support its growth, Hyve recently secured $2 million in seed funding from investors like Lemniscap, Paper Ventures, and Frachtis. The CEO of Hyve emphasized the need for scalable and secure solutions in the Web3 landscape, while the Head of Ecosystem at Symbiotic praised HyveDA's design for supporting high-throughput decentralized applications. The funding will aid in expanding partnerships and meeting the increasing demand for data availability solutions.
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