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 buyers like Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robotic VC, LBank, Anagram, TRGC and Perridon Ventures.
The spherical additionally included notable angel buyers, similar to Solana’s Anatoly Yakovenko and Austin Federa. Different buyers included Nick White, Santiago Santos, Cozy Capital, and Jason Yanowitz.
Rome protocol
In accordance with the protocol, the platform can be designed to combine Solana’s capabilities into providers on Ethereum.
This strategy will enable Ethereum-based rollups to make use of Solana as a shared sequencer, thereby confirming transactions quicker, enhancing privateness and scalability, and lowering blockchain prices.
Rome Protocol identified that Ethereum’s remoted sequencer characteristic raises considerations about liquidity fragmentation, weakest hyperlink safety, and interoperability on the community’s rollup-centric roadmap. As a result of this, many rollups depend on centralized sequencers, which danger 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 enable builders to concentrate on their purposes moderately 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 consists of the Rhea, Remus, Romulus, and Hercules options.
Rhea will guarantee truthful sequencing and submission to Solana, whereas Remus will improve atomic transactions throughout rollups.
In accordance with the protocol:
“Rhea allows truthful and blind sequencing of rollup transactions. All transactions are handled equally and processed on a first-come, first-served foundation. Remus allows atomic execution of cross-rollup transactions as a premium service.”
Romulus will facilitate atomic transactions throughout Solana and numerous rollups, whereas Hercules will settle for ordered transaction blocks from Solana.
