ChainCatcher news, the full-chain data network Chainbase and the Bitcoin Layer2 network BSquared Network announced an important partnership. This collaboration aims to jointly promote the development of the Bitcoin Layer2 network to provide global users with broader and more convenient BTC DeFi and data services.In addition, Chainbase founder Mogu stated that BSquared Network is the first Bitcoin Layer-2 solution to adopt zero-knowledge proof verification commitments while being EVM compatible. Its features include low cost, high security, and a simplified development process, providing new momentum for the prosperity of the Bitcoin ecosystem. As a provider of full-chain data services, Chainbase will ensure the stable connection of BSquared Network through advanced solutions and open pathways for data infrastructure projects to become early adopters.

ChainCatcher news, Bitcoin Layer2 network B² Network announced the successful completion of its seed round financing, with investors including HashKey Capital, OKX Ventures, IDG Capital, Kucoin Ventures, ABCDE, Waterdrip Capital, OGs FUND, and Antalpha Group.It is reported that B² Network uses ZK Rollup technology to address Bitcoin's scalability challenges while ensuring security consistent with the Bitcoin mainnet, and is compatible with EVM. At the same time, B² Network also provides a data availability layer for other Bitcoin Rollups, making it the first data availability layer in the Bitcoin ecosystem.