SOL news: Why a Solana infrastructure firm is moving its servers to win the global crypto trading war
Summary
DoubleZero, a crypto infrastructure startup founded by a former Solana Foundation executive, is launching a program to redistribute Solana’s network more globally and accelerate transaction speeds. The company will delegate 2.4 million SOL to validators in regions like São Paulo, Singapore, Hong Kong, and Tokyo, aiming to address the current concentration of validators in Central Europe. This move is inspired by the high-frequency trading practices on Wall Street, where firms sought to minimize latency by locating servers close to exchanges. DoubleZero is also introducing “multicast functionality” – a data distribution method common in traditional finance – to reduce bandwidth costs and improve data transmission efficiency. By replicating data closer to its destination, multicast aims to make Solana more dependable and attractive to market makers and traders, ultimately functioning like a real-time market.
(Source:CoinDesk)