BOB, a 'Hybrid' Layer-2 Blockchain Mixing Bitcoin and Ethereum, Raises $10M

Jamie Crawley is a CoinDesk news reporter based in London.

BOB's aim is to roll out the first Bitcoin layer-2 network that's compatible with the Ethereum Virtual Machine standard.BOB, a hybrid layer-2 network – sitting atop the Bitcoin blockchain, but with Ethereum compatibility – has raised $10 million in seed funding.

BOB's aim is to roll out the first Bitcoin layer 2 with Ethereum Virtual Machine compatibility. EVM is Ethereum’s native processing system that allows developers to create smart contracts. The name BOB is an acronym for"Build on Bitcoin." Bringing Ethereum-style contracts to Bitcoin is seen as something of a sticky wicket due to concerns that the computations would place a strain on the network and degrade performance for other users.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

CoinDesk /  🏆 291. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Cosmos-Based Canto Blockchain Reverses Course on Polygon Layer-2 Plans, Unveils New RoadmapMargaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.
Les mer »

Layer-1 Blockchain WAX Signs Deal With Amazon Web ServicesOliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Les mer »

Layer-2 Blockchain Mantle’s Token Hits All-Time High as Reward System Goes LiveLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Les mer »

Particle Network unveils modular Layer-1 for chain abstraction & universal accountsParticle Network announces its modular Layer 1, revolutionizing the blockchain ecosystem with unified chain abstraction solutions
Les mer »

Particle Network Unveils Modular Layer-1 for Chain Abstraction & Universal AccountsParticle Network announces its modular Layer 1, revolutionizing the blockchain ecosystem with unified chain abstraction solutions.
Les mer »

Shibarium Major Metric Keeps Moving in Deep DeclineThis metric of the Layer-2 blockchain continues to show low performance with occasional surges
Les mer »