TechFlow news: OKX Ventures has announced an investment in Arch Network, a Bitcoin-native application and smart contract platform.
Arch is the first Bitcoin-native application platform—unlocking cross-chain-free DeFi on the world's largest blockchain. The Arch Network is a parallelized proof-of-stake network that uses zk-proofs to enhance Bitcoin-native programmability. The network consists of a Rust-based zkVM (called ArchVM) and a decentralized validation network. Together, these components form a trustless execution environment directly within the Bitcoin blockchain, enabling a bridgeless transaction experience.
"We are excited to invest in Arch Network, a Bitcoin-native application platform inspired by SVM (Solana Virtual Machine), leveraging parallelization and integrated zero-knowledge proof (ZK Proof) technology to enable dynamic, Turing-complete smart contracts on Bitcoin. This novel approach significantly improves user experience and the trust assumptions for Bitcoin users, delivering seamless, frictionless interactions while maintaining trustless relationships with dApps and protocols," said Dora, founder of OKX Ventures.
