Interpret LAVA Network: The reasons behind the $ 15 million financing

Author: Revelo Intel Translation: Shan Ouba, Bitchain Vision Realm

As Bitcoin prices have soared to a record high, Congzhaner (Hope) will follow closely, and people are easily attracted by price fluctuations.But we should not forget to support all the underlying technology and infrastructure of all these.Although new applications for users are constantly emerging, similar to the previous cycle, infrastructure projects continue to raise funds and delivery.

Today, we will focus on Lava Network.As a dynamic P2P market, LAVA Network connects blockchain and decentralized application (DAPP) to connect with node providers providing RPC services and data.With the recent financing of the agreement, the upcoming main network startup and points plan, the situation of the modular data layer is becoming increasingly hot.

Introduction to lava network

Lava Network is a modular data network that provides developers with scalable access to any RollUp or blockchain channel.The term “modularization” is often mentioned recently, but what does it mean?In the context of LAVA, it allows any blockchain to access its data network to help expand.LAVA is a node provider network that provides access to data and RPC.It basically helps these things easier to be accessed by various blockchain.

The demand for such services has been proven, and the blockchain choice of DA (data availability) solutions such as EIGENDA and Celestia to meet this goal.Lava Network removes middlemen, allowing blockchain to access anti -review, transparency and privacy functions.Compared to relying only on one node or using multiple node providers, using a node network may be better.

Yair Cleper, co -founder of Lava Network, explained the role of Lava Network with Amazon’s business model.

Point right SDK:A direct communication between decentralized applications and multiple providers does not require intermediate merchants.The provider will get award based on the comments.In this case, decentralized applications are customers, and P2P providers play the role of Amazon merchant.The provider will be rewarded due to its contribution after the transaction is settled.There are already more than 300 large and small providers on Lava Network.

Specification:The “champion” in lava can define the RPC API according to a specific chain. They provide these specifications to the community, and node providers can start nodes based on these specifications. The specifications can be understood as Amazon’s own products.People, they are also a specific and upcoming chain -free RPC.

Just like Amazon has many suppliers, Lava Network’s trust is also distributed between multiple providers, ensuring scalability and reliability.LAVA’s goal is to become a one -stop platform for blockchain data.It eliminates the needs of developers to obtain RPC providers and their own index data separately.LAVA allows new chains and APIs to quickly according to demand.

Lava Network is designed to provide flexibility so that developers can build it where they want.It provides a dynamic market that can add more modules and chains as needed to ensure the balance of supply and demand.

The origin of lava network

Lava Network was co -founded by Yair Cleper and Gil Binder. They come from Israel and have the experience of establishing multiple startups in the Web2 field.Initially, they wanted to build a multi -chain NFT market, but realized that running their own nodes for each blockchain was resource -dense.Then they explored the use of node providers, but found that for some chains, such as COSMOS, the options are limited.Existing providers are limited or are not reliable enough to meet their needs.They decided to focus on Ethereum first, but once again faced API restrictions and challenges that need to use multiple providers.

In the end, the team realized that the blockchain world was fragmented and complex, and the speed was very slow in access data.This is the field where Lava Network wants to intervene.Lava Network is designed to simplify multi -chain landscape by providing one -stop solutions accessing blockchain data.With Lava Network, developers can easily access related providers, without knowing which provider behind it is behind.The design of lava network is modular and flexible, and can easily integrate them when the new chain is popular.

Lava network recent financing

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Although financing itself does not fully prove success, it shows that investors see the product potential provided.It is worth noting that Lava Network has recently received $ 15 million in financing.Seed wheel financing is led by JUMP Capital. Other participants include: Hashkey Capital, Tribe Capital, Alliance, Node, North Island, Quiet, Finality, and Dispersion Capital.

BlockDaemon, Consensys (INFURA) and QuickNode, who have previously invested in Alchemy, also participated in the financing.COSMOS, Polkadot, Filecoin, Starkware, Axlar, Near, Celestia, Celo and other projects, ecosystems and founders have also joined the financing.This is an example of a series of financing tide announced by the recent crypto ecosystem.

Lava Network Clearly is closely integrated with the COSMOS community.Dozens of node providers from different ecosystems have joined LAVA and will be rewarded at the end of each month.

Lava Network’s main online online is expected to be in 2024; at present, the agreement focuses on extending its products to non -technical users.Although the concept of this product seems to be difficult to understand at first glance, the team is establishing a community consisting of non -technical users in South Korea, Turkey, Africa and other places.These communities need help in writing guidelines and main online documents.

LAVA will quickly introduce the integration system to attract non -technical users.The system aims to allow each user to provide the value of web3 through the way to provide access permissions and maintain public products through anytime, anywhere.

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