Interstate Raises $1.5 Million to Accelerate Ethereum Transaction Confirmations

The Ethereum-based pre-confirmation network received backing from Marshland Capital, Taisu Ventures, and others to reduce confirmation times to just 100 milliseconds.

ETH

Summary

Interstate, a pre-confirmation network built on Ethereum, secured $1.5 million in funding from Marshland Capital, Taisu Ventures, and several other investors. The project aims to enable near-instant transaction confirmations, cutting latency to about 100 milliseconds compared to Ethereum’s typical 12-second block time. This technical advancement could significantly enhance user experience for decentralized applications by providing near-real-time transaction assurance.

Terms & Concepts
  • Pre-confirmation network: A blockchain layer or mechanism allowing users to receive early verification of transactions before they are fully included in a block.
  • Ethereum: A decentralized blockchain network supporting smart contracts (self-executing blockchain code) and decentralized applications (dApps).
  • Block time: The average time it takes for a blockchain network to create and confirm a new block of transactions.