On January 29, COINOTAG News reported that pod.network, a programmable L1 blockchain, successfully finalized a $10 million seed financing round. The investment was primarily driven by notable backers including a16z crypto, CSX, and 1kx, along with contributions from the BBF, SBA, and Protagonist. Esteemed angel investors such as Georgios Vlachos, Irene, and Luca also participated in this funding round.
The architecture of pod.network is designed for simplicity, streamlining transactions to a network of validators who efficiently confirm and timestamp these transactions. This innovative approach eliminates the need for blocks or complex consensus mechanisms, enhancing throughput. The protocol achieves remarkable transaction confirmations with just a single round-trip across the network, averaging around 200 milliseconds. This not only optimizes latency but also ensures the network can handle operational capacities effectively.