Axiom, a smart contract platform, has successfully secured $20 million in a Series A funding round, according to its official blog. The funding round was led by prominent crypto-focused venture firms Paradigm and Standard Crypto, with additional investments from Robot Ventures and Ethereal Ventures. At the core of Axiom's strategy lies the innovative use of zero-knowledge cryptography. Unlike traditional consensus mechanisms that require all nodes to agree on a state of data, zero-knowledge technology enables a verification mechanism that does not reveal the data involved in the computation. The funding will be instrumental in accelerating the development of Axiom's first product.
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