B² Network, a remote provider of an EVM-compatible rollup based on zero-knowledge (ZK) proof verification commitment on Bitcoin and the first data availability (DA) layer for Bitcoin rollups, received a Seed funding.
OKX Ventures made the investment.
The company intends to use the funds to expand operations and its development efforts.
B² Network is a Bitcoin Layer 2 network that utilizes ZK rollup and an on-chain logical gate commitment verification mechanism. Its goal is to address the scalability challenges of Bitcoin while maintaining its core principles of decentralization, operations and a transparent ledger. The network is EVM-compatible, developer-friendly, and supports users with both Bitcoin and Ethereum account addresses, intending to broaden the utility and influence of Bitcoin and its emerging derivative assets in the Web3 space. Additionally, it provides a DA layer for other Bitcoin rollups, accelerating the expansion of the BTC ecosystem.
FinSMEs
26/01/2024