Chainbound’s $4.6M Fundraise for Ethereum Innovation

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Chainbound, a leading Ethereum research firm, has successfully raised $4.6 million to develop Bolt, a groundbreaking transaction preconfirmation protocol. Bolt aims to drastically reduce Ethereum's transaction confirmation time from seven seconds to sub-second levels, which could significantly enhance the user experience on the Ethereum network. This innovation is set to launch on the Helder testnet before the end of the year, with a full mainnet rollout expected soon after.

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