QED Protocol: Pioneering the Future of Web3 on Bitcoin
July 12, 2024, 9:35 pm
In a groundbreaking move, QED Protocol, a Hong Kong-based company, has secured a substantial $6 million in funding to bolster its operations and further its development efforts. This significant funding round, spearheaded by Blockchain Capital, marks a pivotal moment in QED's journey towards revolutionizing the Web3 ecosystem on Bitcoin.
Founded by the visionary Carter Feldman, QED Protocol stands as Bitcoin's native execution layer, specifically crafted to tackle the intricate challenges of Web3 development. With a steadfast commitment to innovation, QED's platform is meticulously designed to cater to the needs of both developers and users, supporting a diverse range of applications spanning from DeFi to NFTs and beyond.
What sets QED apart is its cutting-edge technology, underpinned by fast-recursive zero-knowledge proofs and a groundbreaking PARTH state model. This unique architecture enables QED to sidestep the conventional tradeoffs between security and scalability, paving the way for the creation of hyperscalable Web3 applications such as orderbook exchanges, as well as Web2-scale applications and games.
Having already amassed a total of over $10 million in funding, QED Protocol has been making waves in the industry. Earlier this year, the company secured a pre-seed funding round of $3.25 million, with prominent investors such as Arrington Capital, Starkware, Draper Dragon, and Blockchain Builders Fund showing their support for QED's innovative vision.
As QED continues to push the boundaries of Bitcoin innovation, founder Carter Feldman remains steadfast in his mission to bring Bitcoin security to the forefront of digital finance. With a focus on high throughput, low latency, and application-friendly performance, QED is poised to extend the full security of Bitcoin to the entirety of Web3 and beyond.
In the words of Carter Feldman, "This funding round is key to pursuing our mission to bring Bitcoin security to all of digital finance, but in a way that unlocks unmatched performance and utility. Indeed, our aim is to extend the full security of Bitcoin to all of Web3 and eventually the rest of the internet, and, in doing so, our value proposition is simple: high throughput, low latency and application-friendly performance that benefits the masses."
Aleks Larsen, General Partner at Blockchain Capital, echoed this sentiment, stating, "QED brings the power of ZK to Bitcoin in a way that is both as trust minimized as possible and extremely cost-efficient, unlocking Bitcoin-native smart contracts and scaling solutions that have long been considered unviable. We're thrilled to back the brilliant QED team as they usher in a new era of Bitcoin innovation."
With its unwavering commitment to innovation and its groundbreaking technology, QED Protocol is poised to revolutionize the landscape of Web3 on Bitcoin, setting the stage for a new era of digital finance and decentralized applications.
Founded by the visionary Carter Feldman, QED Protocol stands as Bitcoin's native execution layer, specifically crafted to tackle the intricate challenges of Web3 development. With a steadfast commitment to innovation, QED's platform is meticulously designed to cater to the needs of both developers and users, supporting a diverse range of applications spanning from DeFi to NFTs and beyond.
What sets QED apart is its cutting-edge technology, underpinned by fast-recursive zero-knowledge proofs and a groundbreaking PARTH state model. This unique architecture enables QED to sidestep the conventional tradeoffs between security and scalability, paving the way for the creation of hyperscalable Web3 applications such as orderbook exchanges, as well as Web2-scale applications and games.
Having already amassed a total of over $10 million in funding, QED Protocol has been making waves in the industry. Earlier this year, the company secured a pre-seed funding round of $3.25 million, with prominent investors such as Arrington Capital, Starkware, Draper Dragon, and Blockchain Builders Fund showing their support for QED's innovative vision.
As QED continues to push the boundaries of Bitcoin innovation, founder Carter Feldman remains steadfast in his mission to bring Bitcoin security to the forefront of digital finance. With a focus on high throughput, low latency, and application-friendly performance, QED is poised to extend the full security of Bitcoin to the entirety of Web3 and beyond.
In the words of Carter Feldman, "This funding round is key to pursuing our mission to bring Bitcoin security to all of digital finance, but in a way that unlocks unmatched performance and utility. Indeed, our aim is to extend the full security of Bitcoin to all of Web3 and eventually the rest of the internet, and, in doing so, our value proposition is simple: high throughput, low latency and application-friendly performance that benefits the masses."
Aleks Larsen, General Partner at Blockchain Capital, echoed this sentiment, stating, "QED brings the power of ZK to Bitcoin in a way that is both as trust minimized as possible and extremely cost-efficient, unlocking Bitcoin-native smart contracts and scaling solutions that have long been considered unviable. We're thrilled to back the brilliant QED team as they usher in a new era of Bitcoin innovation."
With its unwavering commitment to innovation and its groundbreaking technology, QED Protocol is poised to revolutionize the landscape of Web3 on Bitcoin, setting the stage for a new era of digital finance and decentralized applications.