TNA Protocol completes first round of financing, redefining Bitcoin cross-chain interoperability

1. Background Introduction

With the vigorous development of the Bitcoin ecosystem, the on-chain and off-chain data generated by the main network and major Layer 2 activities urgently need mutual verification and management. However, the Bitcoin mainnet does not provide a corresponding framework to handle the data of new activities and new states. In order to solve this ecological dilemma, the TNA protocol released a new yellow paper announcing a narrative upgrade and the launch of TNA Core, a data availability solution focused on the Bitcoin network.

2. Financing News

TNA Protocol announced today that it has completed its first round of financing, attracting a number of overseas venture capital institutions, including MH Ventures, Cogitent Ventures and CSP DAO. This round of financing will be used for the development of TNA Core, community expansion and token liquidity scenario expansion, aiming to promote cross-chain interoperability standards in the Bitcoin ecosystem and promote ecological expansion.

3. Introduction to TNA Core

TNA Core is designed to effectively synchronize asset status across the network to prevent issues such as double spending or insufficient transactions. Especially when multiple second-layer networks support the transaction of Bitcoin mainnet assets at the same time, this mechanism will ensure that users cannot initiate ORDI or other mainnet asset transactions on two second-layer chains at the same time, thereby avoiding potential conflicts.

In order to solve the high-cost challenges related to verifying global data, TNA Core designed an efficient data sampling verification mechanism, balancing the efficiency in the verification process with both security and economy. In addition, TNA Core also provides decentralized data export for verification, allowing independent challenges between networks to verify the verification process, ensuring data availability. TNA Core's solution can be well integrated into major Bitcoin DA solutions, such as Nubit, B Squared, etc., to help achieve more efficient data availability.

TNA Core's DA solution is closely integrated with its domain name asset Tapnames that can be issued on the whole chain, directly defining the standard for cross-chain interoperability, allowing users to use domain names to seamlessly conduct transactions across various networks, and by TNA Core provides a safety barrier.

4. Future Outlook

The main participants in this round of investment include MH Ventures, Cogitent Ventures, CSP DAO, etc. The three disclosed are all well-known overseas crypto-native venture capital funds. It has extensive investments in the currency ecosystem, and its investment portfolio includes leading infrastructure projects such as Merlin, BEVM, and Nubit. This investment in TNA Protocol reflects the confidence and expectations of institutional investors in the development of TNA Protocol in the infrastructure field.

TNA Protocol will continue to focus on the issuance and management of domain name assets in the future, as well as the innovation and popularization of DA protocols. Institutional support and endorsement will greatly promote the development of TNA Protocol in terms of technology improvement, product popularization, community expansion, etc. TNA Protocol will further consolidate its position in the Bitcoin ecosystem and become an indispensable key layer of the ecosystem.

5. About TNA Protocol

TNA Protocol is a Bitcoin asset and security protocol that integrates full-chain domain name asset issuance and DA solutions. It aims to enhance the interoperability between multiple networks in the Bitcoin ecosystem. The state synchronization capability promotes the balance between state security and economy. At the same time, the combination of TNA Core and domain names makes various new interactions in the Bitcoin ecosystem more secure and convenient, thus promoting the compatible development of the entire ecosystem.

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