DoubleZero Plans Mainnet Beta Launch Following Testnet Incident
According to the DoubleZero Foundation, the new mainnet-beta introduces fiber-based validator connections, already securing major backers and early adoption across 22% of staked SOL.
The DoubleZero Foundation officially announced the launch of its mainnet-beta, a network designed to accelerate blockchain validator communication by replacing public internet connections with custom fiber routes. Currently, 22% of staked SOL is connected to the network, with Jump Crypto, Galaxy, RockawayX, and Jito contributing fiber infrastructure and engineering support. DoubleZero raised $28 million at a $400 million valuation in March, led by Dragonfly and Multicoin Capital. The project also introduced its native token, 2Z, built on Solana, which enables validators and stakers to access the network. The U.S. Securities and Exchange Commission issued a no-action letter permitting DoubleZero to move forward with its token launch. While the rollout focuses on Solana, DoubleZero plans to expand its fiber-powered system to support additional blockchains and distributed systems.
- 2Z Token: The native token of the DoubleZero network, built on Solana, used by validators and stakers to access fiber routes and tied to utility-based rewards.
- Validator: A participant in a blockchain network responsible for verifying transactions and maintaining consensus across the system.
- Mainnet-Beta: A live but provisional version of a blockchain’s main network, used for public testing before full mainnet deployment.