Sentences with phrase «via sidechain»
To that end, the firm last year raised a $ 1m seed round and gathered 25 bitcoin startups included Bitfinex, BitPay, Bitstamp, BTCC and Xapo to commit to helping develop bitcoin smart contracts via its sidechain solution.
https://www.coindesk.com/
They provide no functionality whatsoever, or the functionality they could provide could very easily be implemented via a sidechain.»
Dilley added, «If you're going to fall back to [a weaker security model], you might as well be piggybacking off Bitcoin via sidechains.»
A unique proposal aimed at scaling bitcoin's transaction capacity via sidechains has been revealed in a new white paper.
Not exact matches
Sidechains are new blockchains which are backed by Bitcoins, via Bitcoin contracts, just as dollars and pounds used to be backed by cold hard gold.
Tokens issued via proof - of - burn, a sidechain or as a reward for contributing resources in some other manner (Storj for example) are also lumped into this category of cryptocurrencies that do not involve an investment of money by users.
The way this will be accomplished is via the still not fully implemented sidechains technology.»
CommerceBlock launched in 2016, provides services for creating private and secure paper trails for business, leveraging the blockchain via parallel private «sidechains.»