.webp)
.png "Litheum Raises $750K for Proof-of-Performance Blockchain")
May 6, 2025 – Litheum, a next-generation Layer-1 blockchain platform, today announced it has successfully raised $750,000 in a strategic Testnet funding round. The round was led by Alphemy Capital and Amber Group, with participation from Amber.ac. This investment marks a significant milestone for Litheum, enabling the company to accelerate the development of its innovative Proof-of-Performance (PoP) consensus mechanism and prepare for the launch of its Testnet in the next quarter.
Litheum is designed to support a wide range of decentralized applications (DApps), including those in decentralized finance (DeFi), micro-finance, and AI-driven services. Its novel PoP consensus mechanism incentivizes every critical Remote Procedure Call (RPC), ensuring true decentralization and scalability while minimizing operating costs. This unique approach aims to bring blockchain operating costs down to their hardware limits without compromising security or decentralization.
Key Features and Benefits of Litheum:
- Proof-of-Performance (PoP) Consensus: Incentivizes every critical RPC, ensuring true decentralization and scalability.
- Microtransaction Support: Enables microtransactions at scale, facilitating use cases like micro-lending, automated dollar-cost averaging, and AI agents.
- Lower Transaction Fees: Reduces the cost of using the blockchain for everyday transactions.
- Faster Transaction Speeds: Enables faster processing of transactions, improving user experience.
- Increased Interoperability: Supports seamless integration with other blockchain networks.
- Support for DeFi, Micro-finance, and AI-driven applications: Provides a robust platform for a wide range of innovative DApps.
Vision for a Decentralized Internet:
Litheum's vision is to create a decentralized internet that fosters creativity, accessibility, and sovereignty. The company believes that blockchain technology has the power to transform the way we interact online, and it is committed to building a platform that empowers users and developers alike.
Next Steps:
The capital raised in this round will be used to:
- Accelerate Testnet Development: Prepare for the launch of the Litheum Testnet in the next quarter.
- Expand Team and Resources: Grow the team and invest in essential resources to support development.
- Strengthen Partnerships: Build and strengthen relationships with key partners in the blockchain ecosystem.
About Litheum:
Litheum is a Layer-1 blockchain platform designed to support the next generation of decentralized applications. Its innovative Proof-of-Performance consensus mechanism ensures true decentralization, scalability, and cost-effectiveness. Litheum is committed to building a decentralized internet that empowers users and fosters innovation.
For More Information:
Website: https://litheum.com/
White Paper: https://litheum.com/community/white-paper
Twitter: @LitheumOfficial
Compiled by CMO Intern team
Contact CMO Intern:
Follow and connect with us on:👉 LinkedIn | Facebook | Twitter (X) | Substack |
