Cycles
Cycles is an open clearing protocol designed to provide more efficient multilateral netting, allowing more parties to clear more transactions with less capital. It uses zero-knowledge proofs, trusted execution environments (TEEs), graph algorithms, and other technology to form a web of obligations that can clear the greatest number of transactions using the least capital. The project is also launching a stablecoin called Cycles Pay, tapped into Cycles' clearing engine.
Overview
Cycles is an open clearing protocol designed to provide more efficient multilateral netting, allowing more parties to clear more transactions with less capital. It uses zero-knowledge proofs, trusted execution environments (TEEs), graph algorithms, and other technology to form a web of obligations that can clear the greatest number of transactions using the least capital. The project is also launching a stablecoin called Cycles Pay, tapped into Cycles' clearing engine.
- Sector
- # Other
- Ecosystem
- —
Team
Team information has not been disclosed.
Funding history
1 disclosed rounds- Private
6,400,000 USD
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