New York, United States, May 24th, 2023, Chainwire
Following months of battle-testing by partner projects, developers, and community, production-ready Nautilus Chain graduates from testnet.
Zebec, a pioneer in streaming finance, announced today the launch of Nautilus Chain โ soon to be Zebec Chain โ on mainnet, an important milestone in building its continuous payments infrastructure and worldwide ecologicalย system. The 1st of its kind as an L3, Nautilus Chain offers the fastest EVM environment in Webย 3.0 capable of parallel transaction processing, combining the speeds of Solana (SOL) with the stability and functionality of EVM-based Solidity smart contracts, paving the way to theย following generation of Decentralizedย Finance and consumer applications with a continuous stream of transactions or payments.
Nautilus Chainโs settlement layer is asย ofย now built on Solana (SOL) node, its execution layer on Neon EVM and Solidity smart contract, with data availability hash stored off-chain toย beย ableย to keep Nautilusโ modular blockchainย tech architecture. With intendsย to transition settlement layer to optimistic roll-up and data availability stored on layer 1 chains such as Etherium, BSC or Bitcoinย (BTC) to further maximize throughput while remaining stable and reliable toย facilitate high-throughput payment applications such as payroll, Decentralizedย Finance applications, and on-chain gaming.
The mainnet upgrade brings over 80 projects, such as Coral Finance, Witnet, and PoseiSwap to name severalย , with dozens more in theย procedure of onboarding and a track record of seamlessly processing over 40 Million transactions on testnet to date.
โZebec is helping to create a future where money is able to move more freely; giving individuals, enterprises, investors, and teams quicker and easier access to funds and tokens,โ stated Sam Thapaliya, Founder of Zebec. โThe launch of Nautilus on mainnet is another breakthrough on the path towards this vision.โ
Key features of the Nautilus Chain
High Throughput
Through parallelizing transactions instead of processing them linearly, Nautilus delivers an initial TPS of 2,000 with farย greater prices soon to come.
Solidity developers are able to build high-throughput applications in an EVM environment. Althoughย while the chainโs modular structure supports customization and gives developers control of the tech stack โ or chain stack โ in building dApps. The chain is highly interoperable and extensible and, with app-specific rollups, enables projects to strike the perfect balance betwixt decentralization, throughput, performance, cost, and efficiency.
Reliable
The high speeds and performance of the Nautilus chain, because it is a sovereign rollup, doย not compromise the overall reliability and security of the infrastructure. Its robust design ensures optimal uptime and resilience, even under the most demanding conditions.
Built for the real world
With its core innovation in performance and security, Zebecโs technology has transformative probableย inย the world of traditional finance, blockchainย tech adoption and smart contract-based digital financial applications.
โZebecโs progress with Nautilus Chain development has theย capacity to bridge the gap betwixt traditional finance and web2 payroll applications and the emerging Webย 3.0 ecosystem.โ โ stated Steve Chen, Head of Blockchainย Tech Development for Nautilus
โBy harnessing the unparalleled speed, security, and interoperability of Nautilus, Zebecโs technology is poised to revolutionize traditional finance, bringing the advantages of blockchainย tech to mainstream industries. As we continue to explore theย capacity of Zebecโs L3 chain, we foresee a future where seamless integration betwixt web2 and Webย 3.0 applications leads to the eventual replacement of conventional financial systems with blockchainย tech and creating a more inclusive and efficient worldwide economy.โ- Chen continued.
As Zebec persistsย to innovate and expand its ecologicalย system, it invites developers, corporations, and projects from aroundย theย globe to join it in creating a more connected, efficient, and accessible financial future.ย
About Zebec
Zebec enables real-time and continuous streams of payments and financial transactions for payroll, assets and more.ย Established in 2021, with assets by Circle, Coinbaseย Cryptoย exchange, Solana (SOL) Ventures, Breyer Financialย resources, Republic, and Lightspeed Deal Partners between others, Zebec services hundreds of corporations, running thousands of continuous payment streams and bringing the blockchainย tech to everyday lives.
For more information about Zebec: Official Website | Twitter | Discord | Telegram
About Nautilus
Nautilus is a high-performance modular blockchainย tech built for real-world Decentralizedย Finance and Webย 3.0 applications delivering high speed and low cost of processing transactions duringย a highly secure and stable decentralized system.
For more information about Nautilus: Official Website | Twitter | Telegram
Contact
Elena Solovyov
Zebec
[]
