Recent Updates on Lorenzo Protocol

The 10th Binance Wallet TGE will be launched from 09:00 to 11:00 UTC on April 18, featuring Lorenzo Protocol on the PancakeSwap platform. According to the latest rules, users must complete a Binance Alpha subscription through Binance Wallet (non-custodial version) or Binance Exchange between March 19 and April 17, 2025, to participate. Notably, an additional 84 million BANK tokens will be allocated for future marketing activities.

Introduction to Lorenzo Protocol

Lorenzo Protocol is a Bitcoin network expansion solution designed based on a modular architecture. It integrates advanced staking validation mechanisms and distributed timestamp technology to build a high-performance application development platform for the Bitcoin ecosystem. This modular expansion architecture maintains the core security features of the network while enhancing its scalability and functionality.

Lorenzo Protocol Architecture

Enhanced Security

• Deep integration of the Babylon Bitcoin staking validation mechanism.

• Adoption of a distributed timestamp protocol to ensure tamper-proof interactions.

• Secure value anchoring with the Bitcoin mainnet.

Scalability Breakthrough

• Modular architecture supports flexible functional expansion.

• Hierarchical design achieves linear performance improvement of the network.

• Provides a customizable Layer 2 service framework.

Functional Innovation

• Introduces smart contract support to the Bitcoin network.

• Constructs a programmable application development environment.

• Enables deployment of complex business logic.

Developer-Friendly

• Offers a comprehensive suite of developer tools.

• Simplifies the deployment process for Layer 2 networks.

• Supports diverse application scenario needs.

Lorenzo Protocol Team

Matt Ye: Founder of Lorenzo Protocol, previously a software engineer at Akuna Capital.

Tad Tobar: Head of Operations at Lorenzo Protocol, previously Head of Operations at ZetaChain. He graduated from UC Berkeley Haas School of Business and Oxford University Said Business School.

Lorenzo Protocol Financing

On October 4, 2022, Lorenzo Protocol completed financing with strategic investment from BN Labs and participation from NGC Ventures, MH Ventures, and others. Sequoia, a16z, and BN Labs co-led the seed round, raising $30 million with an immediate valuation of $500 million.

Lorenzo Protocol Summary

As an innovative expansion solution for the Bitcoin ecosystem, Lorenzo Protocol will focus on continuous advancement in two dimensions: technological optimization and ecosystem construction.

On the technical front, the project will continuously refine its modular architecture to enhance the performance, security, and stability of Layer 2 networks while deepening programmability support for smart contracts. On the ecosystem front, it will promote application ecosystem prosperity through developer incentive programs and strive to build a more open multi-chain interoperability system.

If the project can achieve the milestones outlined in its technical roadmap on schedule, it has the potential to become a crucial middleware connecting the Bitcoin mainnet with diverse application scenarios, providing key support for value circulation and application innovation across the entire ecosystem.

Recent Updates on Lorenzo Protocol

The 10th Binance Wallet TGE will be launched from 09:00 to 11:00 UTC on April 18, featuring Lorenzo Protocol on the PancakeSwap platform. According to the latest rules, users must complete a Binance Alpha subscription through Binance Wallet (non-custodial version) or Binance Exchange between March 19 and April 17, 2025, to participate. Notably, an additional 84 million BANK tokens will be allocated for future marketing activities.

Introduction to Lorenzo Protocol

Lorenzo Protocol is a Bitcoin network expansion solution designed based on a modular architecture. It integrates advanced staking validation mechanisms and distributed timestamp technology to build a high-performance application development platform for the Bitcoin ecosystem. This modular expansion architecture maintains the core security features of the network while enhancing its scalability and functionality.

Lorenzo Protocol Architecture

Enhanced Security

• Deep integration of the Babylon Bitcoin staking validation mechanism.

• Adoption of a distributed timestamp protocol to ensure tamper-proof interactions.

• Secure value anchoring with the Bitcoin mainnet.

Scalability Breakthrough

• Modular architecture supports flexible functional expansion.

• Hierarchical design achieves linear performance improvement of the network.

• Provides a customizable Layer 2 service framework.

Functional Innovation

• Introduces smart contract support to the Bitcoin network.

• Constructs a programmable application development environment.

• Enables deployment of complex business logic.

Developer-Friendly

• Offers a comprehensive suite of developer tools.

• Simplifies the deployment process for Layer 2 networks.

• Supports diverse application scenario needs.

Lorenzo Protocol Team

Matt Ye: Founder of Lorenzo Protocol, previously a software engineer at Akuna Capital.

Tad Tobar: Head of Operations at Lorenzo Protocol, previously Head of Operations at ZetaChain. He graduated from UC Berkeley Haas School of Business and Oxford University Said Business School.

Lorenzo Protocol Financing

On October 4, 2022, Lorenzo Protocol completed financing with strategic investment from BN Labs and participation from NGC Ventures, MH Ventures, and others. Sequoia, a16z, and BN Labs co-led the seed round, raising $30 million with an immediate valuation of $500 million.

Lorenzo Protocol Summary

As an innovative expansion solution for the Bitcoin ecosystem, Lorenzo Protocol will focus on continuous advancement in two dimensions: technological optimization and ecosystem construction.

On the technical front, the project will continuously refine its modular architecture to enhance the performance, security, and stability of Layer 2 networks while deepening programmability support for smart contracts. On the ecosystem front, it will promote application ecosystem prosperity through developer incentive programs and strive to build a more open multi-chain interoperability system.

If the project can achieve the milestones outlined in its technical roadmap on schedule, it has the potential to become a crucial middleware connecting the Bitcoin mainnet with diverse application scenarios, providing key support for value circulation and application innovation across the entire ecosystem.