Professor Médard told Cointelegraph that scalability breakthroughs in Web3 are needed, especially as blockchain adoption continues to grow for the “purposes of payments, financial instruments and even diversification of national government strategies.”“We believe this trend will continue, and as usage and demand increase, blockchains will need to scale or they will fail,” she said. Scalability remains one of the industry’s biggest bottlenecks, having plagued the development of both Bitcoin and Ethereum at various points over their history.
Médard founded Optimum with the help of Nancy Lynch, an adviser and co-inventor of the Byzantine Fault Tolerant consensus, after “several years of witnessing the rise and maturation of Web3,” she said.“[The] vision is to bring the efficiency of traditional computer memory (RAM) to decentralized networks, laying the foundation for a breakthrough in Web3 infrastructure.”Related: The future of Ethereum scaling lies in hardware, not software“Scale or Fail”RLNC’s potential use case in Web3 has attracted notable backers, several of whom invested in Optimum as angel investors.
RLNC technology can help blockchains overcome “critical bottlenecks in scalability” by “encoding data into mathematical equations, enabling faster transmission, reduced bandwidth usage, lower barriers to entry for flexnodes and more reliable delivery,” said Médard.
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