Bitcoin Development Company Layer 2 Labs Raises $3M to Bring Drivechains to Network

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

.LayerTwoLabs led by Truthcoin wants to bring drivechains to Bitcoin and they’ve just raised $3M to do that. FrederickMunawa reports

has raised a $3 million seed round from angel investors to bring drivechains and other innovative technologies to Bitcoin.

Drivechains are a type of sidechain – a secondary blockchain that interacts with a primary blockchain and aims to offer a better user experience . The company’s CEO and founder,Sztorc outlined the concept of drivechains in Bitcoin improvement proposals

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

LayerTwoLabs Truthcoin FrederickMunawa It should be interesting to see how well this does at keeping the 'rug pullers' away. Guessing the need to have BTC at play will make scams harder to perpetrate.

LayerTwoLabs Truthcoin FrederickMunawa What are drivechains?

LayerTwoLabs Truthcoin FrederickMunawa Absolutely stoked about this. Shoutout Truthcoin

LayerTwoLabs Truthcoin FrederickMunawa Why are they wasting their time and money by building on a doomed centralising inflationary polluting unscaleable trashcoin?

LayerTwoLabs Truthcoin FrederickMunawa Drivechains is the altcoin killer, game over BTC upgrade.

LayerTwoLabs Truthcoin FrederickMunawa The main feature of altcoins is seigniorage, printing their own token, isn't Drivechains supposed to prevent that? Altcoins will never go away, unfortunately

LayerTwoLabs Truthcoin FrederickMunawa Good. Build.

LayerTwoLabs Truthcoin FrederickMunawa LFG! Congrats Truthcoin!

South Africa South Africa Latest News, South Africa South Africa Headlines