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ZULU Network completes seed round financing, Bitcoin Layer 2 protocol integrates EVM and UTXO.
Bitcoin Layer 2 Protocol ZULU Network Completes Seed Round Financing
Recently, ZULU Network announced the completion of its seed round financing. As an innovative Bitcoin second-layer protocol, ZULU Network seamlessly combines the EVM (Ethereum Virtual Machine) layer with the UTXO (Unspent Transaction Output) innovative layer, bringing new possibilities to the Bitcoin ecosystem.
The architecture of ZULU Network sets a new standard for the scalability and interoperability of the Bitcoin ecosystem. By combining the security of the Bitcoin blockchain with the versatility of EVM compatibility, ZULU Network enables developers to fully leverage the advantages of both networks to build decentralized applications (dApps). Additionally, its UTXO innovation layer introduces advanced transaction functionalities, significantly enhancing the efficiency of Bitcoin transactions.
Eric Lifson, co-founder of ZULU Network, stated: "This round of financing will accelerate our development process and help us bring our innovative protocol to market, allowing more people to experience the potential of Bitcoin's second layer technology. We are thrilled to have the support of excellent investors who share our vision."
The funds raised in this round of financing will be used to strengthen the development team of ZULU Network, advance marketing strategies, and expand community engagement programs. ZULU Network plans to improve its protocol, enhance security measures, and provide a smoother integration experience for developers and users through this investment.
The vision of ZULU Network is to "push Bitcoin forward". It combines the advantages of Bitcoin with the flexibility of EVM-compatible technology, creating a decentralized framework focused on tokenized computing power and physical infrastructure. As the project develops, the ZULU Network team is committed to fostering an inclusive and vibrant developer community, providing them with the necessary tools and resources to build unique applications based on this innovative protocol.
The completion of this round of financing not only provides funding support for ZULU Network but also brings new possibilities for the further development of the Bitcoin ecosystem. With the emergence of more innovative projects, the functions and application scenarios of the Bitcoin network are expected to be significantly expanded.