Blockchain firm raises $25M to develop third-generation architecture

Swiss nonprofit Anoma Foundation has secured a important backing boost to proceed the improvement and probe of its third-generation blockchain architecture.

A 3rd fundraising circular secured $25 cardinal for the organization, which is gathering what it describes arsenic a generalized intent-centric blockchain architecture. The exertion is touted to alteration the improvement of wholly decentralized applications (DApps) and services, ranging from decentralized exchanges (DEXs) to blockchain rollup protocols.

Anoma co-founder Adrian Brink told Cointelegraph that its third-generation architecture offers much composability and easiness of usage than existing astute declaration protocols similar Ethereum and its Ethereum Virtual Machine (EVM).

Brink highlighted the improvement of blockchain systems, with Bitcoin (BTC) being the archetypal procreation of scriptable colony architectures. Ethereum became the 2nd procreation with programmable colony architecture, portion Anoma looks to further the decentralization of existing blockchain-based applications and platforms:

“Anoma is the archetypal architecture that is intent-centric, marking the 3rd procreation of architectures that opposition with the existent transaction and blockchain-centric architectures.”

Its latest fundraising circular is earmarked to enactment ongoing improvement and probe initiatives for Anoma’s architecture arsenic good arsenic developer tools for its ecosystem.

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Brink highlighted Anoma’s superior plan rule of intent-centricity, which enables afloat decentralized versions of existing DApps, specified arsenic rollups; nonfungible token (NFT) marketplaces similar OpenSea and Flashbots; and decentralized exchanges that person centralized components and constricted on-chain colony functions:

“It enables applications that are intolerable to physique connected existing astute declaration protocols, specified arsenic afloat decentralized Gitcoin, Plural Money, Collaborative Finance, Multidimensional DAOs, runtime rollups, oregon multiparty multivariate bartering.”

Brink describes Anoma’s intent-centric plan arsenic a radically caller instrumentality connected however the manufacture architects decentralized systems, successful opposition with transaction oregon blockchain-centric approaches similar Bitcoin, Ethereum and different blockchains.

A July 2022 study from Chainalysis highlighted the landscape, with Algorand, BNB Chain and Avalanche emerging arsenic competing layer-1 rival chains to Ethereum looking to supply greater scalability oregon security.

Multitudes of layer-1 blockchains person been designed successful the mold of Bitcoin and Ethereum, powering transaction and astute declaration functionality.

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