Rome Protocol, a cutting-edge platform aiming to bring Solana’s advanced features to Ethereum Layer-2, has successfully raised $9 million in a recent funding round. This significant achievement is a major step towards integrating Solana’s modular services into Ethereum’s ecosystem, revolutionizing the way transactions are confirmed, enhancing privacy, scalability, and reducing costs on the blockchain.
The funding round attracted a diverse group of investors, including Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC, Perridon Ventures, as well as notable angel investors like Solana’s Anatoly Yakovenko and Austin Federa. With the support of key players in the industry, Rome Protocol is well-positioned to drive innovation and create a more efficient and secure environment for decentralized applications.
One of the key features of Rome Protocol is its ability to enable Ethereum-based rollups to utilize Solana as a shared sequencer. By leveraging Solana’s high transaction speed of over 50,000 transactions per second, developers can benefit from faster transaction confirmation, improved privacy, and reduced costs. This innovative approach aims to address the challenges posed by Ethereum’s isolated sequencer feature, such as liquidity fragmentation, security vulnerabilities, and limited interoperability.
The shared sequencer architecture proposed by Rome Protocol includes Rhea, Remus, Romulus, and Hercules features. Rhea ensures fair sequencing and submission to Solana, while Remus enhances atomic transactions across different rollups. Romulus facilitates seamless transactions between Solana and various rollups, while Hercules accepts ordered transaction blocks from Solana, ensuring a smooth and efficient process for developers.
With Rome Protocol paving the way for greater collaboration between Solana and Ethereum, developers can now focus on building innovative applications without the need to create complex cross-chain interoperability infrastructure. By bridging the gap between the two networks, Rome Protocol opens up a world of possibilities for decentralized finance and other blockchain-based projects.
In conclusion, Rome Protocol’s successful funding round marks a significant milestone in the integration of Solana’s capabilities into Ethereum Layer-2. As the platform continues to develop and expand its services, we can expect to see a new era of decentralized applications that are faster, more secure, and more cost-effective than ever before.