DeutschDoubleZero, a new token, and the mainnet beta of a network that offers an alternative to the internet will be launched shortly. The project aims to accelerate blockchains. According to researcher Nick Carpinito, the 2Z cryptocurrency is extremely promising – especially as it could trigger the entry of the telecommunications industry into the crypto market.
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DoubleZero: Promising Token Launches Today after SEC Attestation
DoubleZero launches today – this is the developers’ plan. This is a new token on the Solana blockchain, which appears according to the SPL standard. Data from CoinMarketCap shows: The token, which is listed under the ticker 2Z, is scheduled to go public around 2:00 p.m. Swiss time.
DoubleZero uses the infrastructure of the well-known Solana blockchain. Nevertheless, the project is strikingly special. So it is not just a meaningless user-generated token.
DoubleZero wants to provide its own alternative internet. To this end, the project relies on private fiber optic connections, which are usually operated by companies. The data transmission takes place via such connections, which are not fully utilized.
Because high-class technology is used, which has not been public until now, the aim is to enable the transmission of data with a lower latency. The data traffic would therefore be faster than the public internet. A reduction of up to 50 percent is conceivable.
Partners who join this concept are either institutional-scale companies that rely on their own data paths to secure their business, or telecommunications companies that reserve their own data cables.
However, operators who provide DoubleZero with their infrastructure must commit to the neutrality of the network. Although filters are used, they are only intended to remove spam. Otherwise, the network operates without permission.
And DoubleZero already has another special feature: The US Securities and Exchange Commission SEC has given the network its specific approval. In a public letter, they stated that the project was classified as legal. Therefore, they do not want to take any legal action.
“The department will not recommend any intervention to the commission,” the SEC wrote about DoubleZero. The developers had specifically requested the letter from the SEC in order to enjoy security thanks to an official assessment.
This classification could go down in history as a precedent – especially since DoubleZero pays the network with 2Z for providing the bandwidth.
That’s why Internet Competitor DoubleZero is Considered Promising
DoubleZero is already considered promising among some crypto experts. The Internet competitor makes entering the crypto market interesting for a completely new target group that shines with enormous liquidity: the telecommunications providers.
Thanks to the official classification by the SEC, at least in the USA, a certain regulatory security has already been established, on which interested companies can now rely. According to blockchain researcher Nick Carpinito, many stakers of the Solana network are already showing interest.
“21.5 percent of Solana mainnet stakes are already running on the DoubleZero Mainnet Beta – compared to 12.57 percent at the end of August and only 5.25 percent at the beginning of August.”
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Initially, around 70 operators are committed to DoubleZero. In this way, 340 Solana network nodes can be connected independently of the Internet. This reduces latency by 30 to 70 percent and the network can operate even faster. The concept is interoperable with other blockchains, so that the same system can also accelerate other crypto networks.
