Zero-knowledge proof Bitcoin Layer 2 Citrea mainnet launched
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According to ME News, on January 27th (UTC+8), Citrea, a Bitcoin Layer 2 network powered by zero-knowledge proofs, tweeted that it has officially launched mainnet and native stablecoin ctUSD. Citrea uses zero-knowledge Ethereum Virtual Machine (zkEVM) technology to batch process thousands of off-chain transactions, generating proofs that are then inscribed on the Bitcoin base layer. The network primarily supports two core categories: Bitcoin collateralized lending and structured products. In 2024, Chainway, the company behind Citrea, completed a $14 million Series A funding round led by Founders Fund. (Source: ME)
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