Bitcoin Development Company Layer 2 Labs Raises $3 Million to Bring Drivechains Online

Layer 2 Labs  raised  $3 million  from angel investors to bring bitcoin zips and other innovative technologies. 

 Drivechains is a type of sidechain - a secondary blockchain that communicates with the primary blockchain and aims to provide a better user experience (UX). The  CEO and founder of the company, Paul Sztorc, a well-known Bitcoin researcher and developer, has been working on blockchains since 2015. 

 Sztorc described the concept of blockchains in Bitcoin Improvement Proposals (BIPs) 300 and 301. The technology that will become the main focus by Layer 2 Labs, allows users to transfer bitcoins (BTC) back and forth between the main Bitcoin blockchain and multiple.

 drives According to Sztorc, the purpose of drivechains is to give Bitcoiners access to innovative features and products that are currently limited to altcoin networks. Examples include Zcash's zero-data proofs, a way to prove something without revealing sensitive information, and Ethereum's Augur, a prediction market where users bid on certain outcomes. 

 "We believe drivechain has the potential to kill altcoins, increase Bitcoin adoption and provide a catalyst for hyperbitcoinization," the company said in a statement to CoinDesk. (Hyperbitcoinization is the point at which Bitcoin becomes the world's dominant monetary system.) In addition to Sztorc, the founding team at 

  Layer 2 Labs includes Bitcoin Core contributor CryptAxe and 8-year Kraken veteran Austin Alexander.

Source : coindesk

Post a Comment

Lebih baru Lebih lama