Surge has introduced an innovative solution to enhance the scalability and functionality of Bitcoin by securing $1.8 million in a pre-seed funding round to develop its MetaLayer.
Bitcoin's New Aspect: Surge and Its MetaLayer
Surge's main objective is to address Bitcoin’s current scalability issues and support complex applications without changing the core network code, using cryptographic methods like Zero-Knowledge Proofs and decentralized verification.
Funding and Key Participants
The pre-seed funding round attracted various VC firms like Autonomy and Double Peak Group, as well as angel investors including Coingecko founders and Gunzilla Games personnel.
Technical Solutions and Future Prospects
Surge's MetaLayer combines Bitcoin's security with the scalability required for modern decentralized applications. The partnership with Movement Labs aims to develop Move-based DeFi over Bitcoin, inviting new developers.
Surge aims to transform the Bitcoin ecosystem by providing developers with scalable solutions. The launch of the testnet is planned to demonstrate the effectiveness of the new infrastructure.