TNA Protocol completes its first round of financing, redefining Bitcoin cross-chain interoperability

Author: TNA Protocol

1. Background Introduction

With the vigorous development of the Bitcoin ecosystem, the on-chain and off-chain data generated by the mainnet and various Layer 2 activities urgently need to be verified and managed. However, the Bitcoin mainnet does not provide a corresponding framework to handle the data of new activities and new states. To address this ecological dilemma, the TNA Protocol has released a new white paper, announcing a narrative upgrade and the launch of TNA Core, a data availability solution focused on the Bitcoin network.

2. Financing Dynamics

TNA Protocol today announced the completion of its first round of financing, attracting investment from several overseas venture capital institutions, including MH Ventures, Cogitent Ventures, and CSP DAO. This round of financing will be used for the development of TNA Core, community expansion, and the expansion of token liquidity scenarios, aiming to promote cross-chain interoperability standards in the Bitcoin ecosystem and facilitate ecological expansion.

3. Introduction to TNA Core

TNA Core aims to effectively synchronize asset states across networks to prevent issues such as double spending or insufficient transactions. Particularly when multiple Layer 2 networks simultaneously support transactions of Bitcoin mainnet assets, this mechanism will ensure that users cannot initiate ORDI or other mainnet asset transactions on two Layer 2 chains at the same time, thus avoiding potential conflicts.

To address the high-cost challenges associated with verifying global data, TNA Core has designed an efficient data sampling verification mechanism that balances efficiency in the verification process with security and economy. Additionally, TNA Core provides decentralized data export for verification, allowing networks to independently challenge the verification process and ensure data availability. The solutions of TNA Core can be well integrated into various Bitcoin DA solutions, such as Nubit and B Squared, to assist in achieving more efficient data availability.

The DA solution of TNA Core is closely integrated with its fully chain-issuable domain asset Tapnames, directly defining the standards for cross-chain interoperability, allowing users to seamlessly transact across various networks using domain names, with TNA Core providing a security barrier.

4. Future Outlook

The main participants in this round of investment include MH Ventures, Cogitent Ventures, and CSP DAO, all of which are well-known overseas crypto-native venture capital funds with extensive investments in the Bitcoin ecosystem, including top infrastructure projects such as Merlin, BEVM, and Nubit. This investment in TNA Protocol reflects institutional investors' confidence and expectations for TNA Protocol's development in the infrastructure field.

In the future, TNA Protocol will continue to focus on the issuance and management of domain assets, as well as innovation and popularization in DA protocols. Institutional support will greatly promote TNA Protocol's development in areas such as technological improvement, product popularization, and community expansion. TNA Protocol will further consolidate its position in the Bitcoin ecosystem and become an indispensable key layer of the ecosystem.

5. About TNA Protocol

TNA Protocol is a Bitcoin asset and security protocol that integrates full-chain domain asset issuance and DA solutions, aiming to enhance the state synchronization capability between multiple networks in the Bitcoin ecosystem and promote a balance between state security and economy. At the same time, the combination of TNA Core and domain names makes various new interactions in the Bitcoin ecosystem more secure and convenient, thereby promoting the overall compatible development of the ecosystem.