ChainCatcher news, Layer1 blockchain Linera has launched a public Devnet aimed at Rust developers and built on the WebAssembly (Wasm) virtual machine. Developers can now test their projects on a small number of test validators operated by the Linera core team.It is reported that Linera is a low-latency blockchain designed for elastic scalability, fundamentally changing blockchain scalability by introducing microchains, eliminating memory pools, and minimizing validator interactions. Linera optimizes the performance of web3 applications used by a large number of active users in parallel, providing high scalability for use cases such as retail payments, gaming micropayments, messaging, self-custody trading, and blockchain bridges. In August 2023, Linera raised additional seed funding, securing a total of $12 million from a16z, Borderless Capital, Laser Digital Ventures, Flow Traders, GSR Markets, and others.

ChainCatcher news, Linera, a Layer1 blockchain created by former Meta employees, has completed a $6 million funding round, led by Borderless Capital.It is reported that the new funds will be used to expand the team, launch the development and test networks of the protocol, and cultivate strategic influence in the Asia-Pacific region, while continuing to develop its developer academy.

ChainCatcher news, the new public chain Linera, founded by former Libra employees, has released its white paper today. The white paper introduces the idea of "microchains," which allows for the parallel operation of many chains (potentially millions) within the same group of validators. In Linera, scalability is achieved by adding chains rather than increasing the size or rate of blocks. Linera encourages users to operate their own microchains. When a microchain is operated by a single user, Linera employs a simplified memoryless pool consensus protocol inspired by reliable broadcasting.Linera's founder and CEO, Mathieu Baudet, is a former Meta employee who helped create the Libra blockchain. Linera completed a $6 million seed round funding led by a16z at the end of June this year. (source link)