L1 blockchain protocol Litheum completes $750,000 in strategic financing, led by Alphemy Capital and Amber Group

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MarsBit
05-06
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Mars Finance reports that the new generation L1 blockchain protocol Litheum has announced the completion of a $750,000 strategic financing round, led jointly by Alphemy Capital and Amber Group. The funds will be used to advance its testnet launch plan. Litheum adopts an innovative PoP (Proof-of-Performance) consensus mechanism, which enhances on-chain performance and cost efficiency by incentivizing all core functional nodes in the network and dynamically adjusting block size and transaction fees, while ensuring security and decentralization. According to the introduction, Litheum plans to launch its testnet in the next quarter, laying the foundation for its mainnet release.

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