Mirror L2 Completes First Funding Round with Participation from UTXO, Conflux, and IMO Ventures

According to BlockBeats, on March 4th, decentralized Proof of Stake (POS) BTC L2 network Mirror L2 announced the completion of its first funding round. The specific amount raised has not been disclosed. This round of financing was participated in by UTXO (the investment department of Bitcoin Magazine), Conflux, and IMO Ventures. Mirror L2 is a decentralized POS BTC L2 network that is compatible with EVM and uses BTC as GAS. The team behind Mirror L2 has top academic backgrounds and project experience, coming from companies and institutions such as Microsoft, Google, MIT, Tsinghua University Yao Class, Samsung, Hyundai, Conflux, and Decus. Mirror L2 features a grid-based multi-signature system algorithm, which enables hundreds or even thousands of nodes to jointly govern and truly decentralize Bitcoin staking. This system also takes into account the multi-signature efficiency of Bitcoin staking while ensuring absolute security for the staked assets.