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Zebec’s Modular L3 Nautilus Chain Debuts on Mainnet, Paving the Way for the Future of DeFi and Continuous Payments

Press Releases Crypto News CryptoDaily UK Zebec's Modular L3 Nautilus Chain Debuts on Mainnet, Paving the Way for the Future of DeFi and Continuous Payments

New York, United States, May 24th, 2023, Chainwire

Following months of battle-testing by partner projects, developers, and community, production-ready Nautilus Chain graduates from testnet.

Zebec, a pioneer in streaming finance, announced today the launch of Nautilus Chain – soon to be Zebec Chain – on mainnet, an important milestone in building its continuous payments infrastructure and global ecosystem. The first of its kind as an L3, Nautilus Chain offers the fastest EVM environment in web3 capable of parallel transaction processing, combining the speeds of Solana with the stability and functionality of EVM-based Solidity smart contracts, paving the way to the next generation of DeFi and consumer applications with a continuous stream of transactions or payments.

Nautilus Chain’s settlement layer is currently built on Solana node, its execution layer on Neon EVM and Solidity smart contract, with data availability hash stored off-chain in order to keep Nautilus’ modular blockchain architecture. With plans to transition settlement layer to optimistic roll-up and data availability stored on layer 1 chains such as Etherium, BSC or Bitcoin to further maximize throughput while remaining stable and reliable to support high-throughput payment applications such as payroll, DeFi applications, and on-chain gaming.

The mainnet upgrade brings over 80 projects, such as Coral Finance, Witnet, and PoseiSwap to name a few, with dozens more in the process of onboarding and a track record of seamlessly processing over 40 million transactions on testnet to date.

“Zebec is helping to create a future where money is able to move more freely; giving individuals, businesses, investors, and teams faster and easier access to funds and tokens,” said Sam Thapaliya, Founder of Zebec. “The launch of Nautilus on mainnet is another breakthrough on the path towards this vision.”

Key features of the Nautilus Chain

High Throughput

Through parallelizing transactions instead of processing them linearly, Nautilus delivers an init

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Author: Crypto Daily

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