Eclipse is a new Ethereum layer 2 scaling solution that uses Solana Virtual Machine (SVM). It enables secure scalability by using Celestia for data availability and RISC Zero for zero-knowledge proofs.
Description
Here’s a breakdown of its key features:
- Settlement: Eclipse will connect to Ethereum for security. It uses a bridge to ensure transactions are valid. All transactions are checked by Ethereum, adding a layer of security. You’ll use ETH to pay for transactions.
- Execution: Eclipse uses Solana Virtual Machine (SVM) to run transactions quickly. SVM allows many transactions to happen at once. This is better than the single-threaded method used by Ethereum’s EVM. The SVM’s design helps it handle more transactions as computer hardware improves. This means lower costs and faster transaction times for you.
- Data Availability: Eclipse stores its data on Celestia. This system makes sure data is available and easy to access. Celestia’s design allows for more data to be handled, making Eclipse more scalable. This means more transactions can be processed without slowing down.
- Proving: Eclipse uses RISC Zero for creating proof that transactions are correct. This method is efficient and avoids complex steps, making it faster. It ensures that even without traditional state checks, transactions are still secure.
In summary, Eclipse combines these technologies to offer a secure, fast, and scalable solution for Ethereum users. It uses ETH for transactions but plans to support other tokens soon. It also aims to be user-friendly by supporting tools like MetaMask and Solana wallets. Eclipse is designed to grow with new technologies, making it a strong choice for future blockchain applications.
Team of the Project
Funding
$50,000,000
$50,000,000
Series A
Led by Polychain Capital, Placeholder Ventures, and Hack VC. Other investors include: Delphi Digital, Fenbushi Capital, Maven 11 Capital and DBA.
$6,000,000
$6,000,000
Pre-Seed Round
Led by Polychain Capital. Other investors include: Polygon Ventures, Tribe Capital, Accel, Galileo, The House Fund, Tabiya.
$9,000,000
$9,000,000
Seed Round
Led by Tribe Capital and Tabiya. Other investors include: Infinity Ventures Crypto, CoinList, Struck Capital and Soma Capital.