The crypto development company Chainbound has completed a $4.6 million financing round, led by Cyber Fund.

according to The Block, crypto development company Chainbound has completed a $4.6 million financing round, led by Cyber Fund, with participation from Maven 11, Robot Ventures, and Bankless Ventures.

It is reported that this startup is developing a protocol called Bolt, which will enable sub-second transaction confirmations on Ethereum, significantly speeding up the current average transaction confirmation time of around 7 seconds.