 | Bundlr Network (BNDLR)Bundlr makes web3 data storage accessible by making it as fast, easy, and reliable as traditional data storage. Their goal is to allow everyone both in and out of web3 to benefit from decentralized, permanent data storage. They are currently responsible for over 90% of Arweave’s uploaded data. Seed Round Raised $5.2 Million IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Bundlr Network
Bundlr makes decentralised, permanent data storage fast and easy by enabling multi-chain support for Arweave. Arweave is the only decentralised data chain where data is stored forever. Bundlr increases the amount of transactions conducted on Arweave by 4000% without sacrificing security or usability, and is around ~3000x faster at uploading data.
Bundlr is infinitely scalable, and its technology allows users to access permanent data storage with instant and guaranteed transaction finality. It supports multiple cryptocurrencies including Ethereum, Solana, Polygon, and Avalanche.
Bundlr Network comprises nodes (known as bundlers), which are used to bundle multiple layer 2 transactions into a single Arweave (layer 1) transaction. Each will periodically submit these bundles to the main Arweave network. Once a user submits a valid transaction to a bundler, they receive a receipt which acts as a financial commitment that the data will be seeded on layer 1 within an n number of blocks (where n is defined in the receipt). Seeding is handled automatically by Bundlr.
Validators ensure data is uploaded correctly, by the block cutoff period defined in the receipt.
DetailsRaised: 5,200,000 USD | Token infoTicker: BNDLR |
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