CandleFocus Bitcoin Rollup Citrea Aims to Make BTC a Programmable Asset With ZK Proofs, Raises $14M Series A
2024-10-31
Author: Content Editor
Bitcoin rollup project Citrea has raised $14 million in Series A funding led by Peter Thiel's Founders Fund. The project aims to enhance the utility of Bitcoin by using zero-knowledge technology to make it a programmable asset and enable smart contracts. The investment will be used to transform the Bitcoin blockchain into a venue for smart contracts, as Bitcoin risks becoming obsolete without a proper scalability solution. Citrea aims to enable the Bitcoin network to support diverse on-chain applications and platforms, making it relevant in decentralized finance (DeFi).
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