Caldera Raises $9 Million to Enable Dedicated and High-Performance Second-Tier Blockchain

02/14/2023 18:07 • AI Insights • 101 views

It is reported that Caldera, the “rollup as a service” platform, has announced that it has raised $9 million in two rounds of financing, led by Sequoia Capital and Dragonfly respectively. Other investors include Neo, 1kx and Ethereal Ventures, as well as angel investors from Web2 and Web3. Caldera enables anyone to start and run the dedicated and high-performance second-tier blockchain “rollups”. Rollup is a lightweight, highly customizable blockchain that inherits the security of another blockchain, such as Ethereum or Polygon. By providing each application with its own “app-rollup”, Caldera provides a dedicated channel for their application transactions, fundamentally reducing transaction costs, and enabling the project to eliminate risks from soaring costs and network disruption.

“Rollup as a Service” platform Caldera announced the completion of US $9 million financing

Analysis based on this information:

Caldera, a “rollup as a service” platform, has recently raised $9 million in two rounds of financing led by Sequoia Capital and Dragonfly. Other investors include Neo, 1kx, Ethereal Ventures, as well as angel investors from Web2 and Web3. Caldera provides a unique service that enables anyone to start and run a dedicated and high-performance second-tier blockchain “rollup”. Rollup is a lightweight, highly customizable blockchain that inherits the security of another blockchain, such as Ethereum or Polygon.

By providing each application with its own “app-rollup,” Caldera provides a dedicated channel for their application transactions, fundamentally reducing transaction costs, and enabling the project to eliminate risks from soaring costs and network disruption. Caldera aims to ease the development of decentralized applications by reducing the high transaction costs and network congestion that developers encounter on other blockchain networks.

Caldera’s rollup enables developers to utilize a network of nodes to execute their transactions, rather than relying on a single node. As a result, this network-based approach allows for much higher throughput and significantly reduced costs for each application. The high-performance second-tier blockchain provides developers with the flexibility to create customized applications that meet their specific needs.

Caldera’s service is unique because it enables developers to build their own custom blockchain networks quickly, efficiently, and without incurring high costs. By using the rollup concept, Caldera is providing developers with new tools to build decentralized applications that are both secure and efficient.

The recent investment round from Sequoia Capital and Dragonfly highlights the potential of the rollup-based blockchain network created by Caldera. Caldera’s service is well-suited to the needs of developers and organizations that require a highly efficient and customized blockchain. The rise of Caldera is evidence of the growing interest in the blockchain as an enabling technology for decentralized applications.

In summary, Caldera provides a unique service that enables developers to create high-performance, flexible, and highly secure rollup-based blockchain networks. The recent investment round from Sequoia Capital and Dragonfly demonstrates the potential of Caldera’s innovative approach to building blockchain networks. Caldera is an exciting platform that provides significant benefits to developers and organizations looking for efficient blockchain solutions.

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