Accumulate

Multicoin

Bitcoin

Arch Labs, an inventor of the Bitcoin-native software system Arch network, raised $7 million in a seed round led by Multicoin Capital. The first round of investment included Bullivant Portale Ventures, OKX Ventures, Big Brand Holdings, and others. 
This investment lays the foundation for Arch’s development and its mainnet launch, planned for the second half of 2024. 
Arche’s platform exploits Taproot and Ordinals protocols to allow decentralized bridgeless trading on the Bitcoin blockchain. 
Co-founder Matt Mudano stressed out that the technology Arch uses is different from those other layer 2 protocols with typical trade-offs between usability and security. It is possible to work with native Bitcoin dApps as fast and safely as with any other technology on the market. The performance of the Arch Network may be optimized by using zk-proofs as the security mechanism. 
A Rust zkVM (ArchVM) <a href="https://markets.businessinsider.com/news/currencies/arch-raises-7m-led-by-multicoin-capital-to-build-the-first-bitcoin-native-application-platform-1033357888" target="_blank" rel="noreferrer noopener">allows</a> developers to create secure applications while upholding the core Bitcoin ethos. All together there are already more than twenty privately-funded tech projects working on the Arch test network. These range from decentralized exchange to stablecoins, Derivatives markets, Decentralized lending, and an array of permissionless blockchains. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/08/lava-foundation-secures-11m-in-funding-ahead-of-network-launch/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.cryptotimes.io/wp-admin/post.php?post=174362&amp;action=edit">Lava Foundation Secures $11M in Funding Ahead of Network Launch</a> 
</blockquote>

Arch Labs Secures $7M to Launch Bitcoin-Native Arch Network

The Crypto Times

2024년 5월 10일에 게재된 다른 기사

BlockFi partners with Coinbase to distribute assets recovered from FTX

NFTs Are Down In Sales, But Alive And Healthy – Here’s The 10 Top Selling NFTs This Week

Cryptocurrency Bittensor Falls More Than 5% In 24 hours

Stand With Crypto Launches New Political Action Committee (PAC) Ahead Of The U.S. Presidential El...

Celsius Network Burns $90M Worth of Platform Tokens!

Canaan Unveils New Energy-Efficient Bitcoin Miner A1566 at Bitcoin Asia 2024

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!