RSK Mainnet Launched

Argentinian startup launched main network of sidechain for Bitcoin smart contracts
04 January 2018   1647

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.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   108

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.