Liam Heeger spent two years as a core engineer for the company, where the powerful Solana client is completely redesigned by Jump. In January Heeger announced that he had left the leap to make his own Layer-1 blockchain called to. The next day the news broke that Jump Heeger suggested because he violated his non-competition agreement by working on a new powerful blockchain.
Jump and Heeger arranged the case at the end of February, so I was finally able to catch up with Heeger and get more details about it. In short, the Layer-1 will architect a new virtual machine to try to improve Solana’s performance with an order of size.
“We usually agree [Multicoin Capital managing partner] Kyle Samani. Incremental performance improvements do not matter, “said co-founder Will Yoo. “So we need a 10x to be relevant.”
Heeger agreed, but added that he “makes no promises”.
Heeger helped Solana’s virtual machine closer to his limits with a firedancer to push, but he does not build on the SVM, partly because Solana “made many design choices that they turned very quickly,” he said. To plans to spend a lot of time on designing the blockchain before you start the coding process, so that it can avoid some of these the same forced pivots.
To this time, it will probably have to lift more money to one point. The StartUp -up in San Francisco collected $ 2.5 million in seed financing from Framework Ventures. Jump’s lawsuit says that the increase was a rating of $ 50 million.
Heeger was not too specific about what the new VM could look like from you, but he said it will not use a traditional proof-of-work or proof-of-stake for consensus. The chain will use a globally distributed validator set, so it will appear in the same way as POS – that is what Ethereum and Solana use for consensus – but Heeger wants to create something else.
“The most important problem with proof-of-stake is that it encourages operators to increase and maintain their interests instead of being the performance of the network and an effective operator,” Heeger said.
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