Rome Protocol has secured $9 million in a funding spherical to combine modular providers from the Solana community into Ethereum’s ecosystem.
The protocol acknowledged that its funding spherical included a number of notable traders like Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robotic VC, LBank, Anagram, TRGC and Perridon Ventures.
The spherical additionally included notable angel traders, equivalent to Solana’s Anatoly Yakovenko and Austin Federa. Different traders included Nick White, Santiago Santos, Cozy Capital, and Jason Yanowitz.
Rome protocol
In keeping with the protocol, the platform could be designed to combine Solana’s capabilities into providers on Ethereum.
This strategy will permit Ethereum-based rollups to make use of Solana as a shared sequencer, thereby confirming transactions quicker, enhancing privateness and scalability, and decreasing blockchain prices.
Rome Protocol identified that Ethereum’s remoted sequencer function raises issues about liquidity fragmentation, weakest hyperlink safety, and interoperability on the community’s rollup-centric roadmap. Because of this, many rollups depend on centralized sequencers, which threat censorship, restricted visibility, and important downtime.
To resolve these challenges, Rome Protocol will allow rollups to make use of Solana’s present validators as shared sequencers for transactions, state upkeep, and transaction publication. This strategy goals to show Solana’s 50,000+ transactions-per-second (TPS) capability into infrastructure for Ethereum rollups. It additionally ensures atomic composability with transactions confirmed on Solana earlier than submission to Ethereum.
Rome Protocol will permit builders to deal with their functions fairly than constructing new cross-chain interoperability infrastructure. Ethereum builders canuseg acquainted applied sciences like OP Stack for execution and state upkeep.
Shared sequencer structure
The proposed shared sequencer structure contains the Rhea, Remus, Romulus, and Hercules options.
Rhea will guarantee honest sequencing and submission to Solana, whereas Remus will improve atomic transactions throughout rollups.
In keeping with the protocol:
“Rhea permits honest and blind sequencing of rollup transactions. All transactions are handled equally and processed on a first-come, first-served foundation. Remus permits atomic execution of cross-rollup transactions as a premium service.”
Romulus will facilitate atomic transactions throughout Solana and varied rollups, whereas Hercules will settle for ordered transaction blocks from Solana.
