Citrea aims to transform Bitcoin into a smart contract platform using zero-knowledge technology, enhancing its utility and preventing it from becoming obsolete.
The project faces the challenge of Bitcoin's scalability, emphasizing that it must evolve beyond its role as 'digital gold' to keep up with user demands.
Leading its $14 million Series A funding, Citrea, backed by Peter Thiel's Founders Fund, is set to boost Bitcoin's programmable capabilities significantly.
Citrea enhances Bitcoin's blockspace capabilities with zero-knowledge technology, allowing it to support diverse on-chain applications, crucial for its future relevance.
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