LBank Labs Announces Investment in Rome Protocol to Revolutionize Ethereum Layer-2 Scalability

– LBank Labs proudly announces its strategic investment in Rome Protocol, a pioneering project that leverages Solana to enhance the efficiency and scalability of Ethereum Layer-2 solutions. This investment is part of a $9 million funding round that includes top-tier investors such as Hack VC, P2 Ventures, HashKey, Portal Ventures, Bankless Ventures, and several notable angel investors.

Leveraging Solana’s rapid and efficient throughput, thanks to its Proof of History and Tower BFT algorithms, Rome Protocol offers significant advantages such as enhanced speed, improved user experience, and reduced costs. It addresses key challenges like low censorship resistance, single points of failure, limited interoperability, and opaque ordering, setting a new standard for Layer-2 scalability.

"Rome Protocol's approach to using Solana for shared sequencers and data availability represents a significant advancement in the Solana space. By leveraging Solana's Proof of History and Tower BFT algorithms, Rome addresses key challenges such as low censorship resistance, single points of failure, and limited interoperability," said Nathalie Yang, Principal at LBank Labs.

Rome Protocol plans to open a closed network to developers this month, with a test network slated for the end of 2024 and a main network launch in mid-2025. This timeline reflects their commitment to rigorous development and testing to ensure a robust and reliable platform for their users.LBank Labs, with its $100 million AUM, is renowned for its strategic investments in the blockchain and cryptocurrency space.

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