ChainCatcher news, according to IBTimes, the smart contract platform Waterfall Network has announced the completion of a new funding round of $11.6 million, with participation from Bolt's Capital, Alpha Token Capital, and Enflux. The funds will be used to strengthen the platform's infrastructure, simplify nodes, and further improvements.

Waterfall Protocol, which will launch in July 2024, is a Layer 1, scalable, decentralized smart contract platform developed by software company BlueWave based on DAG technology and fast finality PoS consensus. It is compatible with the Ethereum Virtual Machine (EVM).