Google, MIT Veterans Launch Nibiru Chain, First Fully Mainstream Multichain Solution

Nibiru Chain, a developer and user-focused layer 1 blockchain, today announced the launch of its public mainnet. This launch marks a bold step to address long-standing issues within the blockchain ecosystem, particularly those related to user onboarding, transparency, scalability, and interoperability.

founded by Unique DivineKevin Yang, Jonathan Gimeno are veterans with extensive backgrounds at Google, Tendermint, IBM, and Sommelier. Nibiru Chain It is ‘the first truly mainstream decentralized multi-chain solution’.

• “The launch of Nibiru Chain is an important step forward in bridging the gap within the blockchain ecosystem. Nibiru Chain co-founder and CEO Unique Divine said in a press release shared with AlexaBlockchain that they recognize the barriers that stop potential users, from complex onboarding to opaque decision-making, economics, scalability and lack of transparency. .”
• Nibiru is designed to remove these obstacles and provide an intuitive and simple entry point to Web3 for both users and developers,” he added.

With the strategic insight of Jonathan Chang from GIC and JP Morgan, and a strong team from prestigious institutions such as MIT, Waterloo, Ava Labs, and Columbia University, Nibiru aims to democratize blockchain technology, making it accessible and user-friendly.

Technological innovation and performance innovation

At the heart of Nibiru Chain’s offering is its unrivaled technical infrastructure capable of processing 40,000 transactions per second (TPS) with a block time of 1.4 seconds even at full capacity with active validators in over 150 geographical locations.

This represents a significant advancement compared to existing networks such as Ethereum, which only manage 20-30 TPS. The secret to this performance improvement is Nibiru’s adoption of parallel optimistic execution, a method that allows multiple independent transactions to be processed simultaneously, similar to turning a congested single-lane road into a multi-lane highway.

Bridging the gap and strengthening the ecosystem

Nibiru isn’t just about performance. It addresses the critical need for an integrated and simplified blockchain ecosystem. Nibiru paves the way for a more connected and efficient blockchain environment by providing a set of developer tools and prioritizing interoperability with other layer 1 solutions.

These efforts are geared towards providing a seamless experience for both developers and users by addressing the fragmentation and complexity currently hampering the cryptocurrency space.

The platform also introduces innovative dApps and services such as Nibi-Perps, CodedEstate, and Nibi-Swap along with the NUSD stablecoin. These services are designed to facilitate a wide range of blockchain activities, from trading and investing to real estate transactions, making Nibiru a one-stop solution for the evolving needs of the blockchain community.

Community and Fundraising Success

The passion surrounding the Nibiru Chain is palpable. During the incentivized private testnet phase, the platform verified over 137 million transactions and 4 million wallet addresses, outperforming competitors and demonstrating strong community support for a more accessible blockchain solution.

This enthusiasm was further echoed in subsequent funding rounds, with Nibiru raising a total of $26.5 million over three rounds, and recently garnering significant interest from a diverse group of venture firms and a sold-out community sale on Coinlist.

from now on

Now that the public mainnet is live, Nibiru Chain is not just introducing another blockchain platform. This is setting a new standard for what blockchain technology can achieve in terms of performance, accessibility, and user experience. As our platform continues to expand its features and ecosystem, we will focus on fostering a vibrant community of developers and users, further solidifying our position as a leader in the pursuit of a more inclusive and efficient blockchain future.

“As Nibiru evolves, much of its success is thanks to our amazing developer ecosystem. The team is excited to support and truly collaborate with Nibiru’s growing community of creators and creators,” added the Nibiru CEO.

Also Read: Aragon Expands Ethereum’s Scalability by Unveiling Multichain Governance Solution