Japan Blockchain Foundation, Inc. (CEO: Hidekazu Kondo, hereafter referred to as "our company"), which operates and manages the consortium for Japan Open Chain (JOC), a fully Ethereum-compatible public blockchain run by Japanese companies, is pleased to announce that Nethermind (APAC Managing Director: Delane Foo, hereinafter referred to as "Nethermind"), the world's leading provider of Ethereum node software, has joined as a validator (blockchain operational partner) for Japan Open Chain.
◽️ The significance of Nethermind's participation
Nethermind is a leading blockchain research and engineering company empowering enterprises and developers to build on decentralized systems. Headquartered in the United Kingdom, the company has also established a subsidiary in Japan.
With Nethermind's participation in Japan Open Chain, the company will leverage its strong connections to the Ethereum community and advanced technological expertise to pursue the following initiatives:
- Enhancing Transaction Performance
The Nethermind team has already achieved sustainable 1 GGas / s throughput * on a single node. Building on this foundation, we will conduct R&D to significantly increase Japan Open Chain's transaction speed and set a new benchmark for Ethereum-compatible chains.
※Regarding 1 G gas /s:
In the Ethereum protocol, transferring the native token currently requires 21,000 gas. Based on this gas amount, the theoretical maximum TPS (transactions per second) would be 47,618. However, the actual speed can vary depending on factors such as transaction size, server conditions, and other variables, so this value is not guaranteed. - Collaborative Research on New Technologies
Through cutting-edge research on scaling innovations, we aim to elevate the performance capabilities of Japan Open Chain, setting new benchmarks for scalability and efficiency. - Contribution to the Ethereum Community
As a part of the Ethereum ecosystem, Japan Open Chain aims to contribute to the development of Ethereum and foster value creation across the entire community.
◽️ Background and purpose of participation of Nethermind
Nethermind is strategically expanding its presence in the APAC region, establishing entities in Japan.. Recognizing the growing emergence of the blockchain industry in Asia, the company has designated Tokyo as key hubs for its operations.
Nethermind regards JOC as a vital player in Japan's digital asset market and has decided to participate as a validator to support its growth. Through the following initiatives, Nethermind aims to contribute to the development of the JOC ecosystem:
- Leveraging expertise in advanced protocols and corporate networks primarily centered in Europe and the United States
- Providing innovative solutions, including DeFi (Decentralized Finance) offerings
- Sharing expertise in blockchain research, security and infrastructure technology
◽️ Future Prospects
Through its collaboration with Nethermind, Japan Open Chain aims to further advance its technology and research and development efforts while building the future of the global blockchain ecosystem.
◽️ Japan Open Chain: A Blockchain Originating from Japan
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Official Website | X (Twitter) | Discord
"Japan Open Chain" is a fully Ethereum-compatible Layer 1 public blockchain designed with a focus on practicality. Operated transparently in compliance with Japanese law, it collaborates with leading enterprises and Web3 innovators in the industry.
Japan Open Chain provides a fast, low-cost blockchain infrastructure that anyone can use with confidence. It is specifically optimized for applications in finance and business, aiming to set a new standard that balances security and convenience while meeting diverse needs both domestically and internationally.
◽️ Recruiting Validator Companies for Japan Open Chain
The Japan Open Chain Consortium is seeking domestic companies interested in participating as co-operators of the chain. If your company is interested in taking on the role of a validator and contributing to the chain's operations, please feel free to reach out to us. Additionally, we welcome inquiries from those interested in leveraging Japan Open Chain for their business initiatives. Let’s work together to build the blockchain ecosystem of the future.
Contact Form : https://www.japanopenchain.org/contact
◽️ About Nethermind
Nethermind is a blockchain research and software engineering company empowering enterprises and developers worldwide to work with and build upon decentralized systems.
Nethermind’s work touches every part of the Web3 ecosystem, from fundamental cryptographic research to security, node infrastructure, DeFi (decentralized finance), and application-layer protocol development. Recently, Nethermind expanded into new sectors including hardware, zero-knowledge proofs, and artificial intelligence (AI), developing innovative solutions at the intersection of blockchain and robotics.
Nethermind has a team of over 300, with more than 250 engineers onboard. Nethermind is a key contributor to the development of Ethereum, with its Execution Client representing over a quarter of the synced nodes. Additionally, Nethermind is actively building the Starknet ecosystem and supporting our enterprise partners across blockchain, digital assets, and DeFi.
Nethermind's services cover every stage of the blockchain research and development process, from ideation to execution, helping its clients excel in their respective areas of expertise.
[Company Overview]
Company Name ：Demerzel Solutions Limited, Demerzel KK
Brand ：Nethermind
Location ：London, Tokyo
Founded ：August, 2017
Representative ：Managing Director（APAC） Delane Foo
URL ：https://www.nethermind.io/
※Nethermind, headquartered in London, is currently in the process of establishing a Japanese entity in conjunction with its participation as a validator. Once the incorporation is finalized in the near future, Nethermind will commence its role as a validator.