PANews, May 6th news, the new generation L1 Blockchain protocol Litheum announced the completion of a $750,000 strategic financing, led jointly by Alphemy Capital and Amber Group. This round of funding will be used to advance its Testnet launch plan, further realizing its vision of “compressing the cost of using Blockchain to physical limits.” Litheum plans to launch the Testnet in the next quarter, laying the foundation for its Mainnet release.
It is reported that Litheum adopts an innovative PoP (Proof-of-Performance) consensus mechanism, which enhances on-chain performance and cost efficiency by incentivizing all core functional nodes in the network and dynamically adjusting block size and transaction fees, while ensuring security and decentralization.
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