RSK Mainnet Launched

Argentinian startup launched main network of sidechain for Bitcoin smart contracts
04 January 2018   1881

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.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   199

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.