L1 blockchain protocol Litheum completes $750,000 strategic financing, led by Alphemy Capital and Amber Group

ChainCatcher news, the next-generation L1 blockchain protocol Litheum announced the completion of a $750,000 strategic financing round, led jointly by Alphemy Capital and Amber Group. The funds will be used to advance its testnet launch plan.

Litheum adopts an innovative PoP (Proof-of-Performance) consensus mechanism, which enhances on-chain performance and cost efficiency while ensuring security and decentralization by incentivizing all core functional nodes in the network and dynamically adjusting block sizes and transaction fees. It is reported that Litheum plans to launch its testnet in the next quarter, laying the foundation for its mainnet release.