Rawtx Lightning Network Mobile Wallet Released

Developers used the LND open source protocol from Lightning Labs, which was adapted for mobile devices and equipped with a user interface
14 June 2018   216

Rawtx lightning network wallet for iOs is now available at iTunes. Developers used the LND open source protocol from Lightning Labs, which was adapted for mobile devices and equipped with a user interface. The rawtx application also has open source software.

These are the features of the app:

  • sending and receiving lightning-payments in the test network
  • two accounts support (Lightning network account and account for savings in the main Bitcoin network)
  • opening / closing payment channels
  • generation of QR code and invoices
  • provision of Lightning Network network statistics and maintenance of technical data for network hosts

The developers are planning to update their wallet for operations in the main Lightning network, add a diagnostic system and integrate the lightcoin support.

Crypto Exchange White Label Service launched by OKEx

OKEx, one of the biggest exchanges in the world, has declared the run of a crypto exchange creation programme ‘Digital Asset Exchange Open Partnership Program’
20 June 2018   72

The announcement claims that the programme is intended to “nurture a new generation of digital asset exchanges”. To establish a new crypto exchange, interested parties have to provide OKEx with a domain name, logo, and specialties of the management team. They are assured to possess “solid industry experience, quest for service excellence, and strong industry influence.”

Applicants should also deposit 500,000 OKB tokens into their accounts. This equals around $2.5 million at the present rate, according to coincodex.com. OKB is a utility token that were first sold in March of this year in packages of up to 100, each costing $100. They can be applied to settle transaction fees on the exchange and traded for Bitcoin, Ethereum and Tether.

The applicants will get access to OKEx’s fitting system (which links up buy and sell orders), cold and hot wallets (offline and online cryptocurrency storage), clearing system (which handles money transfer), client support system, and know-your-customer and anti-laundering systems. They will also get support from the OKEx technical team.

100 places are suggested by the programme in its first phase. It is anticipated to start in July. The announcement also points out the setup that the new exchanges must have. They will develop their own native tokens, and distribute them as follows:

  • 25 percent to themselves;
  • 24 percent to OKB holders;
  • and 51 percent to be mined.

OKEx explains the mechanisms by which the tokens will be mined/released. The term white label was firstly invented in the music industry - a white label vinyl record was a release so new that it had not yet been labelled, a much sought-after thing. Presently it cites to a service or product manufactured by one company and sold to another for re-sale under a different brand name.