Superblock, a contributor to Over Protocol, has raised $8M in two fundraising rounds from well-known businesses and VCs in South Korea. SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ were among the investors.
“We are deeply diving into the South Korea market with the best local partners and looking to meet global partners, accelerating us all over the world.” – Ben (Jae-Yun) Kim, the founder of Superblock.
The expenses of bootstrapping and maintaining nodes have increased over time as layer 1 blockchains have grown quicker and more established. As a result, operating blockchain applications without the usage of expensive technology has become difficult.
A new layer 1 blockchain called Over Protocol is based on the “Ethanos” protocol, which only accepts active accounts as genuine. This allows full nodes to reject old data and use less storage, which lowers the amount of storage needed. Anyone will be able to run a node and function as a validator using Over on their home PCs. At EuroSys’21, Ethanos has been published.
“With the ability for anyone to run a validator, individuals can earn $over through a process called home staking, enabling them to embrace a new lifestyle with new payment options, enhanced credit, and innovative finance opportunities,” Ben added.
