December 16, 2024
₿itdrome, a blockchain project focused on expanding Bitcoin's Layer 2 capabilities, has revealed the completion of a successful funding round. This initiative is the result of a partnership between the BTC Layer 2 Foundation and Michael, the founder of Curve Finance. The collaboration aims to advance Bitcoin's scalability through Layer 2 technologies, with a particular focus on decentralized finance (DeFi) applications.
The funding round, though details remain undisclosed, is expected to support the development of new solutions to enhance Bitcoin’s network. ₿itdrome’s goal is to increase transaction throughput while reducing costs, making it more viable for decentralized applications to operate on the Bitcoin blockchain. The project also seeks to strengthen the network’s capacity for decentralized exchanges (DEXs), a crucial element in the growth of Bitcoin-based DeFi ecosystems.
₿itdrome is centered around providing scalable, efficient, and cost-effective solutions for DeFi on the Bitcoin network. The project’s focus on Layer 2 technologies aims to address the challenges of Bitcoin’s current transaction limitations. Through this initiative, ₿itdrome plans to facilitate a broader adoption of Bitcoin for decentralized financial services and applications.
About ₿itdrome
₿itdrome is a project designed to enhance Bitcoin's Layer 2 capabilities, aiming to improve scalability and transaction efficiency. By developing solutions for decentralized finance on Bitcoin, ₿itdrome seeks to drive the network's utility and increase its adoption for a wide range of applications.
Website: https://app.bitdrome.finance/
About Investor
BTC Layer 2 Foundation
The BTC Layer 2 Foundation is dedicated to advancing Bitcoin’s scalability through Layer 2 technologies. Its work focuses on developing solutions that expand the functionality of the Bitcoin network, supporting the growth of decentralized applications and enhancing its overall utility.
Location: Asia
Website: https://www.bevm.io/
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