Nubit Network
Bitcoin’s Scalability Problem Bitcoin faces a serious problem: growing data volumes lead to high fees. This limits its potential.
This Nubit is a technological solution designed to increase the scalability of the Bitcoin network. It acts as a data availability layer, offloading transaction data to a separate network to reduce the load on the Bitcoin blockchain. This allows for faster and cheaper Bitcoin transactions.
Meet the Nubit Network Nubit Network is an innovative solution that solves Bitcoin’s scalability problem. It is the first Bitcoin-native data availability layer built on the principles of minimal trust.
How does Nubit work? Nubit uses a new consensus algorithm NuBFT, optimized for data availability. This allows it to significantly reduce data storage costs without compromising security.
Security First Nubit inherits the security of Bitcoin by using it as the main token for consensus. This ensures the maximum protection of your data.
Scalability and Efficiency Nubit uses a hybrid approach with full and light nodes, which allows the blockchain to scale without compromising performance.
Trust and Security Nubit uses the Lightning Network to create a secure and trusted bridge within the Bitcoin ecosystem. This eliminates the need for centralized intermediaries.
The Future of Bitcoin Nubit opens up new possibilities for Bitcoin, allowing new applications and services to be developed without restrictions. This is a step towards a scalable and efficient Bitcoin.
With substantial funding, including a major seed round led by Polychain Capital, and the integration of Zero-Knowledge technology, Nubit advances blockchain scalability to support unlimited applications in AI, SocialFi, and GameFi, etc. Nubit’s innovative solutions unlock new possibilities across various sectors, ensuring unparalleled trust and reliability. As a leader in Bitcoin Season 2, Nubit has integrated its technology with major industry players and extends support to leading Layer 2 frameworks.
Nubit has successfully closed an $8 million seed funding round, led by Polychain Capital, with participation from Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, Mask Network, and others. This latest round brings Nubit’s total funding to $12 million, advancing its mission to develop the most secure and scalable data availability (DA) layer for multi-chain ecosystems, supporting limitless applications including AI, SocialFi, and GameFi.
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