Citrea, which uses rollup technology to solve problems in Bitcoin’s block field, received an investment of $2.7 million.
Chainway Labs, which developed Citrea, First zero-knowledge rollup technology in Bitcoin to develop $2.7 million received seed investment.
Investors included Galaxy, Delphi Ventures, Eric Wall, Anurag Arjun, BatuX, Igor Barinov and James Parillo.
Citrea started testing in 2023 by Chainway Labs, which was founded by a Turkish team.
Citrea without changing Bitcoin’s consensus rules processing capacity increase and to support a wider variety of applications It uses rollup technology to provide
Galaxy Ventures General Partner Will Nuelle said the following about the Citrea project:
“Bitcoin, with a few exceptions in the early periods, has remained a monetary phenomenon was perceived as. But he is also one of the most powerful economics and computing platforms in existence. is one. Chainway’s development of the Citrea ZK Rollup looks to expand the functionality of Bitcoin as a platform an exciting time will be.”