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