🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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#ZK# 【BTCL2 developer BGD launches BTCon-chain ZK Rollup "Strata"】
BTC L2 development company BGD launches platform 'Strata' built using ZK rollup technology.
According to the introduction, Strata is launched by BGD after two years of research and development. In the first phase, Strata will become a ZK rollup on BTC, with a trust-minimized BitVM bridge. In the long run, Strata will become a settlement layer for directly conducting ZK proofs on BTC.
Earlier in April, BGD announced the completion of a $10.6 million financing, with Ribbit Capital leading the investment and Castle Island Ventures, Robot Ventures, and Axiom Capital participating. BGD developed the BTC Rollup infrastructure last year, aiming to introduce Smart Contract functionality to the BTC network.