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Smart Contract platform Waterfall Network completes $11.6 million new round of financing
PANews December 13th news, according to IBTimes, Smart Contract platform Waterfall Network announced the completion of a new round of financing of $11.6 million, with Bolt’s Capital, Alpha Token Capital and Enflux participating, providing funds for its research and development. The new funds will be used to strengthen the platform’s infrastructure, simplify Node, and further improve it. According to reports, the Waterfall Protocol will be launched in July 2024. It is a Layer1, scalable, decentralized smart contract platform developed by software development company BlueWave based on DAG technology and fast finality PoS consensus. It is designed specifically for the development of Dapps and aims to provide a scalable, secure, and truly decentralized governance platform, while being compatible with the Ethereum Virtual Machine (EVM).