Mezo is also a project of Bitcoin's second-layer network. It is a Bitcoin second-layer network built on the trust-minimized Bitcoin cross-chain bridge TBTC. It was launched by Thesis, the project behind TBTC, and aims to expand Bitcoin's infrastructure and support faster and more economical transactions while staying true to the core principles of the Bitcoin network.
Mezo innovatively proposed the concept of Bitcoin's economic layer and adopted the proof of hool consensus mechanism. First, let's look at the team background. The lead investor is an old friend. #TON It also has investment, and it is a group of top Western VCs. And it's more interesting to look at the financing background of the project. It is an old project in the last round. It raised nearly 29 million US dollars in the last round. The strength is definitely good.
The roadmap of this project is divided into three phases. It is currently in the first phase, and the first phase is entirely invitation-based, which means that users can only participate in the project if they get an invitation code. At the same time, the types of assets supported for deposit are relatively small, and there are deposit restrictions.
Mezo proposed a concept called The Bitcoin economic layer
It proposed this concept to take into account the needs of users and Bitcoin holders. The official explained what this Bitcoin economic layer means, that is, users can use Bitcoin without stripping away its original value, and users can also gain benefits by interacting with Bitcoin native applications.
The more active the users are, the more resilient Bitcoin will be and the corresponding network moat will be formed.
And the official also said that although L2 currently prioritizes the needs of Bitcoin miners rather than users, this is of no use for overall growth, so Mezo looks at the long term, they are focused on HOLDER, and Mezo also innovatively proposed this proof of hool, users protect the network by locking BTC and Mezo tokens and verifying transactions through COMETBFT consensus.
Users lock and pledge Mezo to exchange for VE Mezo, and lock and pledge BTC to exchange for VE BTC. The proof of holding starts with the deposit. The longer the user locks the deposit, the higher the HOOL score will be. So this is another way to earn points by staking deposits. However, the handling fee is relatively expensive, which is not particularly friendly to small households. The returns are still good. Western projects are always more reliable than domestic projects.
