Seattle, Washington–(Newsfile Corp. – January 19, 2023) – Lithosphere blockchain core developer KaJ Labs is committed to helping Digital Currency Group (DCG) with its insolvency issues by expanding a credit facility is $830 million.
Of the Lithosphere network that aims to break down the bottlenecks that hinder the use of blockchain technology by offering a powerful infrastructure for distributed payments and networks leading to many blockchain networks.
Genesis, a broker owned by DCG, suspended withdrawals from its position in November to prevent water shortages. In a short time after the collapse of the FTX exchange rate, investors began to withdraw their money from central exchanges, fearing other companies following the same crisis.
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KaJ Labs understand the negative effects for the consumer and the generality of the blockchain. KaJ Labs will sell any acquired IP and will use any acquired assets to accelerate the launch of its Lithosphere network with integrated features.
The Lithosphere network promises to eliminate the barriers faced by blockchain networks. Lithosphere is the first blockchain to use Deep Neural Networks to manage smart contracts, while allowing it to be used on different blockchains.
Lithosphere is a next generation network for integrated networks powered by AI and Deep Learning.
About KaJ Labs
KaJ Labs is a specialized research organization focused on AI and blockchain technology. KaJ Labs is committed to creating new products that work for the greater good around the world.
About the Digital Currency Division
Digital Currency Group (DCG) is a privately held company focused on the digital currency market.
Genesis is a crypto trading, lending, and asset management solution, targeting both corporate and individual users.
KaJ Labs Foundation
4730 University Ave NE 104-#175
Seattle, WA 98105
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