Sentences with phrase «sidechains technology»

The way this will be accomplished is via the still not fully implemented sidechains technology.»

The perfect implementation of sidechains technology would be a fully decentralized peg, in which users could send Bitcoin to a special address to be locked and would then withdraw the secondary asset on the sidechain and vice versa.

We are convinced that blockchain technology has the ability to transform not only financial services but also other industries... We value Blockstream's open source approach and its sidechain technology, which will allow interoperability between different chains and provide critical long - term success in this sector.

«I think that a larger number of functional «altcoins» including Ethereum can be implemented in Bitcoins main chain using sidechain technology.

Sidechain technology could be used to integrate permissionless and permissioned blockchains into a single interconnected environment.

Since then, Blockstream has focused on developing the sidechain technology into a fully compatible and functional system.

Not exact matches

So rather than focusing on Bitcoin as a speculative currency, the true focus should be on the underlying technology, known as the blockchain, and related «sidechains» that result in speedier payment methods, reduced financial friction, and anonymity, as well as accountability and transparency.

eXeBlock (CSE: XBLK) Announces Development of #Bitcoin Payment Sidechain Vancouver, British Columbia - May 1, 2018 (Newsfile Corp.)(Investorideas.com Newswire) eXeBlock Technology Corporation (CSE: XBLK)(«eXeBlock» or the «Company») is pleased to announce the development of a blockchain sidechain that will allow all Bitcoin owners direct access to the Company's decentralized applications (DApps) and DApps being developed by third party deSidechain Vancouver, British Columbia - May 1, 2018 (Newsfile Corp.)(Investorideas.com Newswire) eXeBlock Technology Corporation (CSE: XBLK)(«eXeBlock» or the «Company») is pleased to announce the development of a blockchain sidechain that will allow all Bitcoin owners direct access to the Company's decentralized applications (DApps) and DApps being developed by third party desidechain that will allow all Bitcoin owners direct access to the Company's decentralized applications (DApps) and DApps being developed by third party developers.

, the application of sidechains has been heralded as the step required to bring bitcoin and the blockchain to the masses — it affords other organizations a way to apply blockchain technology to their current operations without having to develop and maintain a completely separate blockchain.

UBS, the largest financial corporation of Switzerland, might consider implementing bitcoin sidechains, according to the head of the UBS's technology innovation and research team Alex Batlin.

Sidechains are interoperable with each other and with bitcoin and can be used to develop applications based on the ledger technology.

«So what we're left with, the sensible strategy, is to make sure that non-custodial and highly innovative uses of the technology, like multi-sig, sidechains, the lightning network, are exempted.»

Revealed in an interview with CoinDesk, startup RSK aims to soon go live with technology that will bring smart contract functionality to bitcoin in the form of an interoperable sidechain.

Though this might seem like a novel direction for sidechains, onlookers might be more excited about Blockstream's «other» idea for the technology: to allow the means to move tokens between public blockchains with different rule sets without having to trust an intermediary.

Nearly one year after the release of its white paper, bitcoin technology startup Blockstream has released its first commercial sidechains application.

First coined by computer scientists working on building proofs that can potentially be used to improve sidechains, a layer - two cryptocurrency technology for pushing transactions off - chain, a velvet fork allows developers to add new rules to a blockchain without full support from the entire ecosystem.

A sidechain is a technology that allows you to move your tokens from one blockchain to another, use them on that other blockchain and then move them back at a later point in time, without the need for a third party.

All we can conclude from this is that Bitcoin White plans to use «sidechain architecture» somehow — a technology not even real teams like Bitcoin Core devs or the Ethereum foundation have figured out yet.

The company also explained it is still exploring the feasibility of launching on a Lightning Network payment channel or a sidechain - other technology options that would make its platform less centralized, and that it would «continue to explore» these options.

Of course, most bitcoin users are more interested in the trustless version of the technology, where users can send their bitcoin to another sidechain without any third party overseeing the swap.

Because of this, developers have long sought to make it easier to use more experimental technologies on bitcoin with so - called «sidechains,» which pin newer blockchains with innovative technical features to bitcoin.