Programmable L1 pod.network Completes $10M Seed Round, with Participation from a16z crypto, CSX, and Others

BlockBeats News, January 29th, programmable L1 blockchain pod.network completed a $10 million seed round financing. This round of financing was participated by a16z crypto CSX, 1kx, BBF, SBA, Protagonist, and angel investors including Georgios Vlachos, Irene, Luca, etc.

The system design of pod.network is extremely simple: transactions are streamed to a set of validators who confirm the transactions and timestamp them. There are no blocks, no chain, no complex consensus protocols, or sophisticated cryptographic computations.

This system achieves optimal latency by confirming transactions with just one network round-trip (approximately 200 milliseconds) and matches throughput to the capacity of the physical network.