Subspace Network is a scalable storage and computation platform designed for blockchain scalability without compromising security or decentralization. The project is based on combining PoAS's own new consensus algorithm with a host of advanced academic offerings.
This project is an attempt to make blockchain more energy efficient by eliminating common problems of other algorithms like Proofs-of-Capacity, Proof-of-Work, Proof-of-Stake and others.
Investors in the project include well-known companies and funds such as Pantera, Coinbase Ventures, Crypto.com and so on.
For now, the team has announced a testnet, for which it is expected that rewards in the form of native network tokens may be given out.