According to Odaily Planet Daily, RLhodl, founder of Bitwave Labs, and his team have preliminarily completed the development of Bitcoin L2 and have deployed 4,200 test nodes in a distributed manner in the global BTC computing power mining pool.
The project was led by Meta Dao, with participation from Web3 Ventures, KN Capital, M DAO, CryptoSeed Fund and AN Innovators Capital.
Currently, Bitwave has entered the second phase of testing and has officially opened recruitment of node testing to the global community.