Suzaku, a decentralized center on the Avalanche Layer 1 blockchain, has successfully raised $1.5 million in funding. The financing includes seed rounds, public sales, and grants, as reported by Avalanche's official blog. Suzaku is a (re)staking protocol designed to aid Avalanche's Layer 1 nodes in achieving secure scaling and decentralization of their validator set. This initiative addresses a significant infrastructure need within the Avalanche ecosystem, facilitating the transition of Layer 1 nodes from centralized validation to a fully permissionless decentralized model.
Suzaku Secures $1.5 Million to Enhance Avalanche Decentralization
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.