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Fibonacci Chain Received 10 Million USD Investment From American SoftBank Capital

American Softbank Capital, a leading venture capital firm, recently announced that it would lead the investment of 10 million dollars in the Fibonacci Chain. 

The Fibonacci Chain is a public chain system based on blockchain technology, adopting a DPOS + S-BFT consensus mechanism, aiming to provide an efficient, secure, and scalable public chain platform. The Fibonacci consensus mechanism is a novel consensus algorithm that can achieve high throughput while ensuring security. It balances efficiency and security and provides developers with an open platform to build and deploy various services and applications.

The investment made by American SoftBank Capital in Fibonacci Chain indicates a highly optimistic outlook for the application of blockchain technology. This investment will provide financial support for Fibonacci Chain, helping it make greater progress in technology research and development and market promotion.

(By Anjali Sriniwasan)

Blockchain
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