Ethereum R&D company Chainbound completes $4.6 million in financing, led by Cyber Fund

Ethereum 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 company is developing a protocol called Bolt, which will achieve sub-second transaction confirmation on Ethereum, greatly speeding up the current average confirmation time of around 7 seconds.