The Nakamoto update will decouple block production from Bitcoin itself, solving the problem of network congestion Stacks has had since it launched its mainnet in 2021.
"Having a secure way to move both value and data across chains is something the blockchain industry has needed for years," Chainlink co-founder Sergey Nazarov said.
The fundraise comes as "cross-chain" protocols from the companies including LayerZero and Chainlink have attracted investors, despite the bear market – assuming a future where...