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The funds will be distributed over three years through grants and investments

To do so, the company, together with domain provider Unstoppable Domains, will apply to ICANN

Using the platform, developers will be able to create optimistic- and ZK-rollups

The project is positioned as an improved version of the Lightning Network

An open letter criticizing the company's actions has been signed by well-known developers

The initiative will be phased in over the next few months

Initially, ten countries, including Italy, Poland and Greece, will participate in the project as operators

Authority to promote the sector will be given to the Secretary of Commerce

In early April, the blockchain updated the record at 1054 transactions per second

The company has engaged blockchain analysts to search for vulnerabilities

The update is aimed at preparing the network for possible future congestion

In the testnet, the number reached 2 811 000