Bitcoin The decentralized financing (Defi) ARCH Labs collected $ 13 million in financing for the construction of “Arcvm”, which developers say will provide smart contract functions on the original Blockchain.
The financing round, which the company estimated at $ 200 million, led by Pantera Capital, According to the Tuesday announcement.
Arch plans to enable decentralized and protocols on Bitcoin.
The ARCH Labs said in the advertisement that ARCVM will deal with accounts outside the series to enable “full smart contracts in the bitcoin base layer” and provide Solana -like treatment speeds.
The goal of introducing smart contracts to Bitcoin to collect Steam in October with the Bitvm Computing version.
Many projects are now used bitvm As a basis for bringing smart contracts to Bitvcoin via Layer-2 networks or bridges. The goal of Arch is to avoid the need to bridge the assets to layer 2, which may pose additional risks.
publish_date
