The ZK native blockchain protocol QED has completed a $3 million financing round, led by Arrington Capital

2024-02-27 14:13:44

Collection

ChainCatcher news, the ZK native blockchain protocol QED has announced the completion of a $3 million financing round, led by Arrington Capital, with participation from several renowned venture capital firms and companies including Starkware, Draper Dragon, Blockchain Builders Fund, Lbk Labs, Paper Ventures, Valhalla Capital, Edessa Capital, and Anagram Ltd. QED aims to revolutionize Bitcoin by combining the scalability of zero-knowledge (ZK) proofs with the liquidity and security of Bitcoin (BTC).

It is reported that QED aims to address many of the shortcomings currently faced by Web3, including the challenges of building on blockchain, scalability issues, and poor user experience. As the world's first horizontally scalable blockchain, it benefits from more network nodes to increase throughput and allows any Web2 developer to write QED smart contracts using popular programming languages like Javascript and Python.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

2025-01-15 20:36

AI-driven Web3 social platform Metya has completed a new round of financing, with investments from TIDO Capital, Candaq Ventures, and Oasis Labs

2025-01-12 21:50

The AI + DePIN project Privasea has completed its Series A financing with a valuation of $180 million, with participation from GSR and others

2025-01-10 20:04

Trustworthy AI company Rena Labs has completed a $3.3 million seed round financing, led by Paper Ventures

2025-01-09 22:03

Mention the project

QED Protocol zk native blockchain protocol