RSK Mainnet Launched

Argentinian startup launched main network of sidechain for Bitcoin smart contracts
04 January 2018   1121

The Argentine start-up RSK Labs announced the launch of the main sidechain's network for bitcoin smart contracts. Release of the beta version of the platform called Bamboo, took place in December 2017.

Bamboo is a sidechain of bitcoin with turing-full virtual machine that is compatible with the interface of decentralized applications of Ethereum. Blockchain RSK exists independently of bitcoin and at the stage of the test network Ginger generated blocks every 20 seconds, reducing this time to today by about 10-12 seconds.

The developers plan to use Lumino technology, so the network can reach 20,000 transactions per second. Confirmation of transactions, as they say in the white paper of the project, will take less than 20 seconds.

At the initial stage, the platform uses RSK tokens, also called smart bitcoins. Initially, they will be distributed between developers and companies in a limited mode, but gradually the limits will be removed.

Also, RSK Labs launched a bounty program to identify possible bugs and errors.

Note that the generation of blocks in the RSK network is conducted in the combined mining mode with bitcoin. Also, the developers say that in the future, the side-owner of Bamboo will be able to create smart contracts for the Litecoin network as well.

In 2018, RSK Labs developers also intend to implement so-called confidential transactions - a technology that allows you to hide certain data about transactions.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.