Bitcoin Layer2 project MAP Protocol receives strategic investment from Alchemy Pay

ChainCatcher news, Bitcoin Layer2 project MAP Protocol announced a strategic investment from cryptocurrency payment provider Alchemy Pay, with the specific amount not disclosed. Both parties share a common vision and enthusiasm for creating a new wave of decentralized financial applications and ecosystems centered around the Bitcoin ecosystem.

It is reported that the MAP Protocol was established in 2019 and completed 5 years of development. It is a Bitcoin L2 infrastructure focused on peer-to-peer cross-chain interoperability. By leveraging the security mechanisms of the Bitcoin network and ZK-based Bitcoin light client technology, the MAP Protocol Bitcoin L2 infrastructure not only ensures security guaranteed by the Bitcoin network but also allows assets and users from other public chains to interact seamlessly with the Bitcoin network.