BitVM
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Bitlayer raises $11M in a Series A funding round
#Bitlayer secures $11M in a Series A funding round led by Franklin Templeton with participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, FalconX and others. Bitlayer tackles Bitcoin's balance between security and completeness by utilizing cryptographic innovations and blockchain protocol engineering.
Bitlayer is a #Layer2 solution that achieves Bitcoin-equivalent security, built upon #BitVM . It emphasizes a verification process to ensure security on par with Bitcoin's #Layer1 . Previously, it raised $5M in a Seed funding round from OKX Ventures, Framework Ventures, Kenetic Capital and Alliance DAO.
đ fortune.com/crypto/2024/07/23/franklin-templeton-bitcoin-bitlayer/
#Bitlayer secures $11M in a Series A funding round led by Franklin Templeton with participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, FalconX and others. Bitlayer tackles Bitcoin's balance between security and completeness by utilizing cryptographic innovations and blockchain protocol engineering.
Bitlayer is a #Layer2 solution that achieves Bitcoin-equivalent security, built upon #BitVM . It emphasizes a verification process to ensure security on par with Bitcoin's #Layer1 . Previously, it raised $5M in a Seed funding round from OKX Ventures, Framework Ventures, Kenetic Capital and Alliance DAO.
đ fortune.com/crypto/2024/07/23/franklin-templeton-bitcoin-bitlayer/
đ¨NEWS ALERTđ¨
đ´........ WHITE PAPER RELEASE ........đ´
#BitVM co-founders Alexei zamyatim and Robin Linus have released a new whitepaper introducing the second version of the #bitcoinâď¸ Virtual Machine, BitVM2, along with the enhanced BitVM Bridge.
The document outlines advancements aimed at boosting transaction efficiency within the Bitcoin network by enhancing transaction processing and refining #cryptographic techniques. Notably, the #WhitePaper describes how BitVM2 leverages optimistic computation to scale Bitcoin through the use of #sidechains
đ´........ WHITE PAPER RELEASE ........đ´
#BitVM co-founders Alexei zamyatim and Robin Linus have released a new whitepaper introducing the second version of the #bitcoinâď¸ Virtual Machine, BitVM2, along with the enhanced BitVM Bridge.
The document outlines advancements aimed at boosting transaction efficiency within the Bitcoin network by enhancing transaction processing and refining #cryptographic techniques. Notably, the #WhitePaper describes how BitVM2 leverages optimistic computation to scale Bitcoin through the use of #sidechains
First Mainnet Transaction of Blake3 Hash Lock Implemented in Bitcoin Script Broadcasted
According to Foresight News, Robin Linus, the project leader of ZeroSync and BitVM developer, announced that they have just broadcasted the first mainnet transaction of the Blake3 hash lock implemented in the Bitcoin Script. Linus stated that for BitVM, many building blocks are needed, and the hash function is the most complex one. Now that all individual parts have been completed, they only need to assemble them together.
Previously, Foresight News reported that on October 10, Robin Linus published a white paper titled 'BitVM: Computing Anything on Bitcoin', claiming that BitVM is a new computing paradigm that supports expressing Turing-complete Bitcoin contracts without changing the consensus rules of the Bitcoin network.
Previously, Foresight News reported that on October 10, Robin Linus published a white paper titled 'BitVM: Computing Anything on Bitcoin', claiming that BitVM is a new computing paradigm that supports expressing Turing-complete Bitcoin contracts without changing the consensus rules of the Bitcoin network.
Bitlayer Labs has raised $5M in a seed round, with participation from various investors, as it prepares to launch its open-incentive program Ready Player One.
#bitlayer #BullorBear #BitVM #bitcoin
#bitlayer #BullorBear #BitVM #bitcoin