Superblock, a contributor to Over Protocol, has raised $8 million from prominent companies and VCs in South Korea across two funding rounds. Investors included SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ. Ben (Jae-Yun) Kim, the founder of Superblock, said: "We are deeply diving into the South Korean market with the best local partners and looking to meet global partners accelerating us all over the world." As have become faster and more established over time, the costs of bootstrapping and maintaining nodes have become increasingly expensive. As a consequence, blockchain applications have become challenging to operate without the use of costly equipment. layer 1 blockchains Over Protocol is a new layer 1 blockchain based on a protocol named "Ethanos" that only considers active accounts valid, enabling full nodes to discard obsolete data and operate with less storage, thus allowing for reduced storage requirements. With Over, anyone will be able to run a node and become a validator on their PCs at home. Ethanos has been published at EuroSys’21. "With the ability for anyone to run a validator, individuals can earn potentially passive income 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. About Superblock Superblock builds products, tools, and decentralized applications to flourish the Over Protocol. Over Protocol is a truly decentralized layer 1 blockchain providing lightweight full nodes. For more information: | | Twitter Discord Medium Contact: David Kim, Marketer Superblock This story was distributed as a release by Chainwire under HackerNoon’s Brand As An Author Program. Learn more about the program here: https://business.hackernoon.com/brand-as-author

This is a PR written by or for the company mentioned within it. The writer has a vested interest in the company and products mentioned within.

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Superblock Raises $8M for Over Protocol: A Lightweight Full Node Layer 1 Blockchain

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