SatoshiLabs leads a seed round for BiHelix
Summary
BiHelix, a Bitcoin native application ecosystem framework, built on the Lightning Network and RGB protocol, announced today the closing of a seed funding round led by Satoshi Labs. BiHelix is designed to enable build any type of DApp on Bitcoin: from DeFi, AI and Games, ushering the world into the Web3.0 era. By optimizing nodes with the integration of RGB protocol and the Lightning Network, BiHelix is pushing the boundaries of Bitcoins scalability and application. These include a low scalability and Turing incompleteness that have prevented Bitcoin ecosystem growth and development, especially in contrast with the Ethereum ecosystem boom in the past 7 years.Bibo Tan, the CEO of BIHelix explains that Unlike most non-native Bitcon scalability solutions (side chains, BitVM, colored coin etc), BiHelix is the first native Bitcoin infrastructure solution for building any DApps. This implies keeping native Bitcoin, leveraging the security and decentralization of the Bitcoin native layer while offering users with a high-throughput, industry-beating low-cost transaction experience.The funding announced today will be used to further develop BiHelixs core products and solutions.