According to Muriel Médard, professor at MIT and founder of blockchain infrastructure developer Optimum, after 15 years of research at the Massachusetts Institute of Technology (MIT), Random Linear Network Coding (RLNC) in the Web3 industry is ready for commercialization of the Web3 industry.
On February 28th, Optimum emerged from Stealth as a decentralized memory infrastructure that allows blockchain to be used to bring scalability to Web3. It utilizes RLNC technology, originally developed by Professor Medard.
RLNC is a coding breakthrough already used in the 5G, satellite telecommunications and the Internet of Things (IoT) industries.
In an interview with Cointelegraph, Professor Médard said that RLNC is equivalent to “breaking puzzles into small pieces, mixing those pieces into the formula and sending them to friends.”
“Even if a few pieces get lost, your friend can put the whole puzzle together from the pieces he receives. Instead of looking for a particular piece, he will look for enough,” she said.
RLNC technology helps blockchains overcome the “critical bottlenecks of scalability” by encoding data into mathematical equations, increasing transmission speed, reducing bandwidth usage, reducing input barriers for flex nodes, and enabling more reliable delivery.
Médard said, “After several years of rising and maturation in Web3, he founded Optimum with the help of Nancy Lynch, an advisor and co-inventor of the Byzantine Disorder Tolerant Consensus.
“() Vision is to bring traditional computer memory (RAM) efficiency to distributed networks and lay the foundation for breakthroughs in Web3 infrastructure.”
https://www.youtube.com/watch?v=av4beooajdg
Related: The future of Ethereum scaling is in hardware, not software
“Scale or Fail”
The potential use cases of RLNC on Web3 attracted prominent supporters. It includes Sandeep Nailwal, co-founder of Polygon, Robinson Burkey, co-founder of Wormhole, Abhijeet Mahagaonkar, Chief Technology Officer of PolyChain, Gracy Chen, Bitget CEO, and Arthur Cheong, founder and CEO of Defiance Capital.
Professor Medard told Cointregraph that Web3 scalability breakthroughs are needed, particularly as blockchain adoption continues to grow due to “diversification of payments, financial products and even national government strategies.”
“We believe this trend will continue and as usage and demand increases, blockchains need to scale or fail,” she said.
Scalability is one of the largest bottlenecks in the industry, plaguing the development of Bitcoin and Ethereum at various points than history. Competing networks have vowed to fix scalability issues caused by mass consumer adoption, but their track record is not perfect.
Against this background, Crypto Payments Landscape has evolved significantly in recent years, shifting from tokens to much faster and cheaper stubcoins.
Stablecoins have emerged as one of the most popular use cases for blockchain, particularly for payments and cross-border remittances. Source: Defilama
A report from wealth manager Bernstein in August said Solana is the leading network for stubcoin recruitment, but is struggling to expand as demand for payments and remittances increases.
Solana is testing Stablecoin payments on Visa and Shopify, but it is unclear whether blockchain can drive mainstream adoption without significantly increasing capabilities, Bernstein said.
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