Programmable L1 pod.network completes $10 million seed round financing with participation from a16z crypto CSX and others

BlockBeats News: On January 29th, the programmable L1 blockchain pod.network completed a seed round financing of $10 million, with participation from a16z crypto CSX, 1kx, BBF, SBA, Protagonist, and angel investors including Georgios Vlachos, Irene, Lucia, and others. The system design of pod.network is extremely simple: transactions are streamed to a group of validators who confirm and timestamp the transactions. There are no blocks, no chains, no complex consensus protocols, or sophisticated cryptographic calculations. The system achieves optimal latency by confirming transactions with only one network round trip (approximately 200 milliseconds), and the throughput matches the capacity of the physical network.