In the process of independence from the polygon ecosystem as a protocol focused on privacy and high trading speeds. The protocol was developed to provide data privacy and scalability required by large institutions and announced that approximately $ 25 million seed investments were obtained. This investment will be used to determine the roadmap of the Menin, ecosystem expansion and improvement of developer tools.
Stomach protocol
While the investment round is leading the A16z Crypto, 1kx and Hack VC, the Finality Capital Partners, Symbolic Capital, P2 Ventures, Delta Fund and MH Ventures were also provided with support. It was stated that this financing package aims to strengthen the technological infrastructure in the strategic moves of the Men for the future.
The stomach benefits from zero-information proof technology and is designed to allow institutions to protect their privacy during major payment transactions. Thanks to the protocol, it is stated that the process can be made between the execution of the transactions open or confidential while making large payments.
Azeem Khan stated that (the founding partner) said: ”Large institutions, for example, need to secure transactions when paying suppliers such as Apple. Institutions are looking for a privacy solution that is compatible with regulations and offers high performance.”
Bobbin Threadbare, (stomach founding partner) “We have a very different structure than other blockchains in the technical sense. This structure does not seem to be applied on platforms such as Ethereum or Solana.”
Stomach and polygon
The Binge was developed in 2021 within the scope of the incubation program, while Polygon was directed to a different scaling solution with the strategy change. The total value locked in Polygon networks has decreased from approximately $ 4.4 billion at the time of the Satan announced to 864 million today.
Sandeep Nailwal, (Polygon Labs Founder) “Represents the future of Blockchain technologies. This structure offers a draft for the final form of Blockchain.”
While the main network of the protocol is expected to start operations by the end of the year, the Satan provides solutions for the privacy needs of the major institutions and the performance -oriented structure is carefully monitored by the sector. The developed infrastructure is evaluated in the goal of creating more reliable and flexible processing environments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
