The DoubleZero network aims to reduce blockchain’s reliance on public internet infrastructure and its fundamental speed constraints.
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The DoubleZero protocol, a high-speed network of fiber-optic connections dedicated to serving high-throughput blockchain traffic, launched its mainnet-beta on Thursday, along with the public debut of the utility token that powers the network.
(DePIN) now hosts over 70 direct high-speed links between 25 geographic locations to route blockchain traffic directly between source and destination, reducing communication latency and maximizing speed.
The , DoubleZero founder Austin Federa told Cointelegraph in May, adding that the public internet was not designed for distributed consensus protocols because it is congested by general-purpose traffic, such as gaming and media streaming. Federa said:
“The downside of the public internet is that it was never built for high-performance systems. It was always built for this sort of relationship of one big server talking to one little server.”
DoubleZero’s launch of a high-speed communication network dedicated to blockchain and crypto networks signals that the industry has grown, shifting away from and its fundamental constraints on the distributed digital networks.
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The US Securities and Exchange Commission (SEC) issued a no-action on Monday in response to DoubleZero’s proposed token launch, in a major victory for blockchain DePIN networks.
“The person who runs a node, provides storage, or shares bandwidth earns a reward. These tokens are neither shares of stock in a company nor promises of profits from the managerial efforts of others,” SEC commissioner Hester Peirce .
“These projects allocate tokens as compensation for work performed or services rendered,” she continued, arguing that DePIN node runners function like owner-operators of businesses rather than investors in securities.
The SEC’s no-action letter cleared the way for the public launch of DoubleZero’s native token, following in April.
It also signals a seismic shift in the SEC’s previous position, and filing lawsuits against crypto firms launching novel products that did not necessarily fall under traditional asset labels.
The SEC under former chairman Gary Gensler’s leadership cost crypto firms at least , according to advocacy group The Blockchain Association.
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