Ethereum-Based Network Interstate Secures $1.5 Million Funding

Interstate, an Ethereum-based pre-confirmation network, has successfully raised $1.5 million in funding. According to PANews, the investment round saw participation from Marshland Capital, Taisu Ventures, Bloccelerate, Alpen Labs, GD1, MH Ventures, Alchemy Ventures, Legends Group, Waikit Lau, and Sergey Gorbunov. Interstate is a company focused on cryptocurrency development, aiming to enhance the Ethereum user experience by reducing transaction confirmation times. Their pre-confirmation network allows users to receive transaction confirmations in approximately 100 milliseconds, significantly faster than Ethereum's standard 12-second block time.