ThunderCore Raises $50 Million in Funding; Develops Protocol Enabling Lightning Fast Transactions on Blockchain Platform
Summary
SUNNYVALE, Calif.--( BUSINESS WIRE )-- ThunderCore , a leading technology company specializing in decentralized solutions, today announced a successful raise of $50 million. With deep connections and substantial experience in the blockchain arena, ThunderCore’s investors will enable the company to further build and improve its nimble platform for the decentralized app developer community, addressing their increasing need for secure, fair and transparent transactions via distributed ledger technology. “From the start of this project, our team has worked tirelessly to ensure we are building the most thoroughly-researched and best-performing product on the market, while maintaining a level of user-friendliness that appeals to the masses,” said Chris Wang, co-founder and CEO of ThunderCore . “We are incredibly fortunate to work with a talented roster of scientists and researchers who have made immeasurable strides in bringing blockchain to the forefront of innovation. It is Ethereum virtual machine compatible with throughput of 1,200 plus transactions per second, sub-second confirmation times and low gas costs, making it quick and easy for decentralized apps to deploy and scale.