CandleFocus Bitcoin-focused protocol Surge nabs $1.8m to bring Move-based rollups
2024-10-17
Author: Content Editor
Bitcoin protocol Surge has secured $1.8 million in pre-seed funding to tackle the scalability issues faced by the Bitcoin ecosystem. The protocol aims to unlock the full potential of Bitcoin as a global currency and a base layer for innovation. Surge plans to address the limitations of previous scalability solutions like SegWit and Taproot by utilizing cryptographic techniques and without requiring soft or hard forks. The startup has partnered with Movement Labs to bring liquidity to Move-based decentralized finance and enable interoperability between the Bitcoin and Move ecosystems. Surge is set to launch its testnet soon.
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