UOPS

QED Secures $3 Million in Funding to Propel Fully Trustless Zero-Knowledge Applications Across the Bitcoin Ecosystem

Retrieved on: 
Tuesday, February 27, 2024

Decentralized applications built on QED can locally prove transactions, providing users with unlimited computation for a fixed gas fee.

Key Points: 
  • Decentralized applications built on QED can locally prove transactions, providing users with unlimited computation for a fixed gas fee.
  • "Bitcoin has traditionally lagged behind other blockchain protocols due to its lack of support for smart contracts and decentralized applications.
  • "We're pioneering a new frontier for decentralized applications that can take advantage of the liquidity of $1.01 trillion and growing Bitcoin market cap."
  • "We thrive on supporting exceptional teams and QED stands out as one that will accomplish much for the Web3 ecosystem.