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1Money Network
1Money is building the world's first payments network exclusively designed for stablecoins, which it believes will be the foundation for a new, modernized global financial system.
Distributed
Description
1Money is building the first payments network exclusively designed for stablecoins, aiming to be the foundation for a new, modernized global financial system. The network focuses on delivering a superior payments experience with features like instant transaction confirmation (under 1 second), native support for multiple fiat-backed stablecoins, and seamless interoperability with popular blockchains (e.g., Ethereum, Solana) and wallets (e.g., MetaMask, Phantom). It offers low, fixed transaction fees paid in the stablecoin being used, eliminating the need for a separate network token and variable "gas" fees. Security is a key focus, utilizing a Deterministic Byzantine Fault Tolerant (DBFT) design and avoiding smart contracts to reduce vulnerabilities. It also features built-in compliance controls and a vetted, permissioned validator set. The network's architecture, featuring a patent-pending Byzantine Consistent Broadcast (BCB) protocol, claims to prevent congestion and support over 250,000 transactions per second (TPS) with the ability to scale further.Grant Funding
VC Funding
None
2025
$0
$20M