Paradigm, a cryptocurrency venture capital firm, has launched its first Ethereum client developed and production-ready in Rust, called Reth 1.0. The client will focus on providing stable Ethereum mainnet nodes and aims to achieve high throughput performance in remote procedure calls (RPC), synchronization, and storage capacity.
Georgios Konstantopoulos, CTO of Paradigm, stated that an Ethereum client is a software application that connects to the Ethereum network and executes network rules. Being production-ready client software means that Reth 1.0 is now available for developers or stakers to use in their production environments for processing real-time transactions and operations.
The team noted that currently, Reth 1.0 can synchronize with the Ethereum mainnet in about 50 hours from genesis and store archive nodes of approximately 2.25TB with high transaction throughput and low latency management, which may be the fastest synchronization speed among all client projects.
An execution client plays a crucial role in processing transactions, executing smart contracts, and maintaining the Ethereum network state. Reth will complement existing Ethereum execution clients such as Geth, Nethermind, Besu, and Erigon.
The introduction of the new execution client will help diversify the Ethereum client ecosystem. For network users, relying on a diverse range of client projects that provide fully functional node software and good network connectivity is crucial.
Future versions of Reth 1.1 will focus on supporting OP Stack. Paradigm has invited industry participants to use Reth in production and provide priority support and customized features for early partners. Paradigm recently announced that it has raised $850 million for its third fund, which will focus on early-stage cryptocurrency projects.
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