Blockchain platform raises $12M to build JavaScript-like DApps
Blockchain platform raises $12M to build JavaScript-like DApps
Blockchain development platform Reach is aiming to create universally compatible DApps past building a JavaScript-like programming language.
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Accomplish, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation procedure, the company announced on Wednesday.
The latest funding circular takes the total sum raised past Attain to $48 million as the firm aims to produce a JavaScript-similar programming language for use in building blockchain applications. At present, almost major blockchains launch with their own unique programming languages, significant the applications built on each platform are rarely uniform with whatsoever other.
Attain launched in 2019 and has thus far achieved compatibility with the Ethereum and Algorand blockchains, with plans to expand the compatibility of its lawmaking compiler to conform to whatever network.
Achieve founder and CEO Chris Swenor said the fundraising endeavour took the projection closer to becoming the chief platform for interoperable DApp development.
"This investment accelerates our path to becoming the master method the world builds decentralized applications that will course the basis of global interaction," said Swenor. "We are thrilled past the momentum we take seen and then far and the unprecedented support by investors and pioneering networks who share our vision for bringing blockchain mainstream."
Ethereum is already home to the largest percentage of blockchain developers, with twice as many as the foremost cryptocurrency, Bitcoin (BTC), according to some reports. Algorand launched in 2019 with the goal of scaling blockchain performance — a goal it has since fabricated progress toward with a reported 1,000 transactions per second and sub-cent fees.
Algorand CEO Steve Kokinos talked upwards the importance of having elementary programming languages that are accessible to all developers — something that must be achieved if Algorand's visions are to exist realized.
"We believe information technology is critical to empower all developers with elementary languages that put safety and correctness at the forefront. This is aligned with our vision for the futurity of finance where smart contract infrastructure will support billions of dollars of value and substitution effectually the globe," Kokinos said.
Source: https://cointelegraph.com/news/blockchain-platform-raises-12m-to-build-javascript-like-dapps
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