Bitcoin L2 network Mezo developer Thesis completed $21 million in Series A financing, led by Pantera Capital
PANews reported on April 9 that according to Fortune, Thesis, the developer of the Bitcoin L2 network Mezo, has completed a $21 million Series A financing led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates and others. Thesis, a startup studio launched in 2014, today announced the launch of a second-layer Bitcoin network called Mezo, which the company calls the "Bitcoin economic layer." Through Mezo, a new platform, Thesis aims to solve the scalability issues of the Bitcoin network, improve its transaction efficiency, and promote broader Bitcoin economic activities.
Mezo uses a point program called "Proof of HODL" to "put into use" the originally static Bitcoin assets of HODLers. The longer the Bitcoin is stored, the higher the "HODL score multiplier" . This second layer network will come online alongside Thesis-built tBTC, which allows for “trust-minimized” bridging to various ecosystems.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The audit of the U.S. Strategic Bitcoin Reserve is overdue by 172 days.

The White House is considering nominating Josh Sterling as CFTC Chairman
Trending news
MoreCrypto prices
More








