How DoubleZero Built a Faster Internet for Crypto and Helped All DePin - Ep. 914
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Today's guest is Austin Federa, cofounder of DoubleZero. Binance is the world's number one crypto exchange, trusted by over 290,000,000 users. With industry leading liquidity, security, and a wide range of digital asset products, Binance is the place to buy, sell, trade, and earn crypto. Download Binance today to get started. The crypto world is buzzing. On October, 25,000 people will be at Token twenty forty nine Singapore, the largest crypto event in the world, featuring headline speakers like Eric Trump, Vlad Tenev, Tom Lee, Balaji Srinivasan, and Arthur Hayes. Visit asia.token2049.com now
Hey. Thanks for having me.
So congrats. Today, your main net beta is launching, and I think double zero is different from other types of crypto projects. You know, those obviously tend to be more about software. And as far as I understand, the problem you're working on is that you believe that bandwidth and latency, not compute, are the main bottlenecks for blockchains. So flesh that out. What problem is is it that you're trying to solve with double zero? And if you could give us an example of how that plays out with an example transaction, that would be great.
Yeah. Certainly. So when I got into crypto was sort of 2017, 2018. And back then, software was 100% the limiting factor in blockchain scale and power. If you ran Geth locally, you would not get it over a few 100 transactions per second even when you had one machine and no consensus behind it. We're in a very different place now. If you look at, the fast l ones, whether it's Monad, Solana, Aptos, Sui, in their test nets, and if you benchmark the actual validator clients, you can get hundreds of thousands, if not a million transactions per second. The Firedancer team actually showed a million tr
And so DoubleZero is trying to resolve that how? Like, how does DoubleZero solve this problem?
So DoubleZero is a private dedicated fiber network. But instead of being run by one company, like all of Amazon's network is run by Amazon, all of Jump's network is run by Jump, you know, same with all of these players, we have 12 independent contributors that are all contributing high performance fiber to this network. And so what happens is it appears to the users as one homogeneous network, the same way that Ethereum appears to anyone transacting on it as one homogeneous virtual machine, but it's run by thousands and thousands of servers all around the world. It's the same idea except inste
And so is it it's kind of like its own Internet? Like, basically, the validator would hook okay.
Yeah.
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