The DoubleZero protocol launched its mainnet-beta on Thursday, marking a significant advancement in crypto communication technology. Designed to enhance speed, it aims to move away from conventional internet infrastructures that currently limit blockchain capabilities.

The network now has over 70 high-speed connections across 25 locations aimed at facilitating direct blockchain traffic, thus minimizing latency and maximizing efficiency. This is a notable step towards a decentralized physical infrastructure network.

“The downside of the public internet is that it was never built for high-performance systems. It was always built for this sort of relationship of one big server talking to one little server.” — Austin Federa
(Translation: ) “El inconveniente de Internet público es que nunca fue diseñado para sistemas de alto rendimiento. Siempre fue concebido para esta relación de un gran servidor hablando con un pequeño servidor.”

This launch indicates a pivotal transformation in the cryptocurrency sector’s dependency on traditional internet framework, emphasizing a shift towards high-performance connections tailored for decentralized applications.

SEC No-Action Letter

Recently, the US SEC issued a no-action letter concerning DoubleZero’s planned token launch, signaling a significant win for DePIN projects. Commissioner Hester Peirce stated that the tokens are not akin to company shares nor profit promises, advocating that they act as rewards for services provided in the network

The SEC’s new stance is expected to facilitate the public rollout of DoubleZero’s native tokens, following prior rounds of funding for validators.