UTC-05:00,Friday , April 19th 2019

Bolt Labs Raises $1.5 Million Seed Round To Boost Lightning Privacy

08:16 Wednesday , April 17th 2019
Academic researcher Dr. Ayo Akinyele is working on a cryptographic solution to boost privacy across second-layer blockchain solutions like the Lightning Network for Bitcoin.
Akinyele just announced the formation of Bolt Labs, named after the BOLT protocol that aims to give lightning hubs shielded addresses for anonymous payment channels. The startup is launching with a $1.5 million seed round led by Dekrypt Capital and support from Ripple's investment arm, Xpring, plus Lemniscap and Access Ventures.
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