According to Odaily Planet Daily, Bitcoin L2 development company Alpen Labs launched the platform "Strata" built using ZK rollup technology. It is reported that Strata was launched by Alpen after two years of research and development.
In the first phase, Strata will be a ZK rollup on Bitcoin, with a trust-minimized BitVM bridge. In the long term, Strata will become a settlement layer for ZK proofs directly on Bitcoin.
Earlier in April, Alpen Labs announced that it had completed a $10.6 million financing round, led by Ribbit Capital, with participation from Castle Island Ventures, Robot Ventures, and Axiom Capital. Alpen Labs developed the Bitcoin Rollup infrastructure last year, aiming to introduce smart contract functionality to the Bitcoin network.
