‘Crypto’s Flash Boys’: A Q&A With Austin Federa on DoubleZero

DoubleZero was first announced in December 2024 as a blockchain layer intended to be faster than the internet. Since then, nearly 12.5% of SOL staked is operating on the DoubleZero testnet.

In the rapidly evolving landscape of blockchain technology, the need for speed and efficiency within node infrastructure has emerged as a critical strategic imperative. Austin Federa, the former Head of Strategy at the Solana Foundation, is at the forefront of this transformation with his latest venture, DoubleZero. Announced in December 2024, DoubleZero is poised to revolutionize how blockchains communicate and scale, aiming to provide a networking layer faster than the public internet, which is essential for cryptocurrency transactions. As of now, nearly 12.57% of SOL staked operates on the DoubleZero testnet, with a mainnet launch anticipated in September 2025.

“We’re building crypto’s version of Flash Boys,” said Federa, emphasizing the protocol’s mission to enhance execution speed in decentralized trading.

Federa elaborated that DoubleZero aims to address a significant challenge in the blockchain sphere: the communication bottleneck that arises as network size increases. He likened this issue to the historical inefficiencies seen in Formula 1 pit stops, where optimizing transit time can lead to substantial performance gains. Until now, the notion of utilizing a faster network than the public internet was restricted to centralized entities. DoubleZero’s unique model allows multiple independent contributors to integrate their fiber networks, creating an extensive, high-performance mesh network that spans the globe.

The Strategic Choice of Solana

While DoubleZero is not built directly on Solana, it is designed to support it predominantly. “Solana is unique in the blockchain space due to its unmatched ratio of transactions per second to the number of nodes,” Federa explained. This characteristic makes Solana’s communication challenges particularly acute, as the need for bandwidth grows exponentially with network size. By facilitating faster communications without sacrificing node count or increasing centralization, DoubleZero aspires to enable blockchain networks to surpass the limitations of the public internet.

‘Crypto’s Flash Boys’: A Q&A With Austin Federa on DoubleZero

Staking and Network Efficiency

DoubleZero also integrates with Solana’s staking ecosystem, featuring a stake pool that currently supports around 3 million SOL out of a total of 500 million SOL. This mechanism was initially intended to subsidize validator operation costs on the testnet. However, it has since garnered significant interest, proving to be an effective tool for increasing network participation. Looking ahead to the September mainnet launch, DoubleZero is set to expand its capacity significantly, transitioning from eight fiber links to over fifty, with many of these connections achieving speeds ten times faster than current standards.

“We envision a future where protocol designers on Solana can increase their limits significantly, thanks to the enhanced capacity and lower latency provided by DoubleZero,” said Federa.

As the mainnet launch approaches, rigorous testing is underway to ensure readiness. This launch will coincide with a token introduction, marking a significant milestone for the project and its contributors. As the blockchain ecosystem continues to mature, innovations like DoubleZero could serve as the backbone for the next generation of decentralized systems, reshaping how we think about blockchain communication and efficiency.

For further insights into DoubleZero and its potential impact on the blockchain landscape, visit CoinDesk.

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