Ethereum L2 project RISE receives $4 million investment from Galaxy Ventures

Odaily Planet Daily News: The Ethereum Layer2 project RISE has announced a $4 million investment from Galaxy Ventures, bringing the total amount raised so far to $8 million. The project has previously received investments from Vitalik Buterin and others. It is reported that RISE has achieved a latency of as low as 5 milliseconds through its Shreds transaction architecture, with a testing network processing over 50000 transactions per block and a target throughput of 100000 TPS. RISE adopts an Ethereum based "basic sorting" scheme aimed at maintaining decentralization while addressing performance bottlenecks. （The Daily Hodl）