Odaily Planet Daily News Ethereum Layer2 project RISE announced that it has received a $4 million investment from Galaxy Ventures, bringing the total funds raised to $8 million to date. The project has previously received investments from Vitalik Buterin and others.
According to reports, RISE achieves a latency as low as 5 milliseconds through its Shreds transaction architecture, and the test network processes more than 50,000 transactions per block, with a target throughput of 100,000 TPS. RISE adopts the Ethereum-based "basic sorting" solution, which aims to maintain decentralization while solving performance bottlenecks. (The Daily Hodl)