ThunderCore has completed a $50 million round of funding that includes both U.S and Asian investors such as Huobi Capital, ZhenFund and multiple other VC companies. The funds will help enhance their proprietary platform for an optimized protocol that delivers swift and scalable blockchain transactions. With the company’s focus on decentralized solutions, its platform technology serves a growing need of the app development communtiy for secure and transparent transactions via distributed ledger technology.
ThunderCore was originally founded by computer science experts, Chris Wang and Elaine Shi. Wang holds a doctorate in computer science and was a co-founder of major gaming company Playdom, while Shi wrote the first academic research paper on Bitcoin and decentralized smart contracts, and she a current associate professor of computer science at Cornell University.
With a simple yet high performing protocol, ThunderCore is based on decentralized trust, meaning users rely on mathematical proofs to confirm transactions, instead of relying on consensus nodes. The platform is also compatible with Ethereum, another open-source blockchain computing platform, and supports the same languages which enables smart contracts to run on both platforms.
“From the start of this project, our team has worked tirelessly to ensure we are building the most thoroughly-researched and best-performing product on the market, while maintaining a level of user-friendliness that appeals to the masses,” said Chris Wang, co-founder and CEO of ThunderCore, in a press statement. “We are incredibly fortunate to work with a talented roster of scientists and researchers who have made immeasurable strides in bringing blockchain to the forefront of innovation. With this new inflow of funding, we will be able to broaden our offerings and bring on additional staff, thus opening the door to even more possibilities.”
