MimbleWimble testnet launched

The "testnet1" of experimental protocol of Bitcoin launched 
17 November 2017   1368

The creators of the experimental protocol called "MimbleWimble" launched test network "testnet1" and Grin tokens to search and eliminate possible bugs, reports CoinDesk.

There's still a lot of work, but it's a big milestone for us. We hope to have as many bug reports as possible, so we can start fixing issues we've overlooked. At this point, one can still expect failures that would be a complete nightmare on a mainnet.

Ignotus Peverell
Lead Developer, MimbleWimble

While developers are testing the mining and node operation, users can also connect to the Grin network by installing special software. In addition, test participants can exchange artificial Grin tokens. 

This is our first testnet, so we're testing everything that has been developed so far. That includes the peer-to-peer network, the core consensus rules, the cryptography required to run a mimblewimble chain, the wallet software.

Ignotus Peverell
Lead Developer, MimbleWimble

According to Peverell, there will be a lot of interesting features in the future, in particular, "script-free scripts", which will allow the introduction of additional functionality in Grin, including the Lightning Network protocol. It is not yet known when the full-fledged launch will take place: the team plans to enter this stage "sometime in 2018". 

MimbleWimble offers a radical reduction of the bitcoin protocol, which is not only designed to significantly enhance privacy and solve the issue of plasticity of transactions, but also provides much more opportunities to scale the network than the existing architecture.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   1008

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.