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Created November 30, 2021

Business Milestones: Seed Round ($3M) Closed with Tailwind from Taproot

Phase

Current Phase
I. Foundation Research: v0.2 Foundation Research Completed, Seed Round ($3M) Closed, R&D Team Strengthened to 5 Members, Advantage 4.1, Taproot Upgrade Success 11

Technical Milestones

Key Activities
Foundation research for v0.2 was completed, establishing the mathematical framework for liquidity-constrained routing optimization. The model now incorporated channel capacity as a hard constraint, preventing routing attempts that would fail due to insufficient liquidity.

Additional Technical Details:

I. Foundation Research: v0.2 Foundation Research Completed

Business Milestones

Business Activities
The seed round of $3M was successfully closed, providing critical funding for research expansion. The R&D team was expanded from 2 to 5 members, adding additional quantum computing and blockchain expertise. This funding milestone enabled us to accelerate research and begin planning for larger-scale simulations.

Additional Business Details:

Seed Round ($3M) Closed

R&D Team Strengthened to 5 Members

Quantum Annealing Hardware

Hardware Used
Advantage 4.1

Hardware Specifications:

Advantage 4.1

Taproot Upgrade Success 11

Market Context

Market Environment
Bitcoin's Taproot upgrade was successfully activated, providing a strong foundation for future Lightning Network enhancements. This upgrade created optimism about LN's future capabilities and validated our research focus.

Additional Market Information:

Taproot Upgrade Success 11