The smart contract platform Waterfall Network has completed a $11.6 million financing round, with participation from Bolt's Capital and others

ChainCatcher news, according to IBTimes, the smart contract platform Waterfall Network announced the completion of a new funding round of $11.6 million, with participation from Bolt's Capital, Alpha Token Capital, and Enflux. The funds will be used to strengthen the platform's infrastructure, simplify nodes, and further improvements.

Waterfall Protocol, launched in July 2024, is a Layer 1, scalable, decentralized smart contract platform developed by the software development company BlueWave based on DAG technology and fast finality PoS consensus. It is compatible with the Ethereum Virtual Machine (EVM).