Rif Labs Launches ‘LAYER 3’ Solution: Lumino Network Developers of the RSK network for smart contracts and Ethereum like assets, RIF Labs, has announced the launch of a “third layer solution” to improve its scalability. RIF, a Gibraltar based firm, on Tuesday, 14th of May 2019 announced that after over a year of development, the Lumino project is now live. As stated by RIF, the Lumino network can handle about 5,000 tps (transactions per second), while that may be relatively low when compared to the Visa network which handles up to 65,000 tps, it is still way higher than Bitcoin’s tps which rarely exceeds double digits. Conceptually Similar To Bitcoin Blockchain The Lumino network is quite similar in terms of concept to the Bitcoin lightning Network, in that the Lumino network enables parties to perform off chain transactions in ‘state channels’ until one of the transacting parties wants to record their final settlement on the blockchain. In addition, RIF stated that the transaction
A hash-based accumulator called Utreexo could address one of Bitcoin’s scalability concerns.
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Tracing China’s $3 billion crypto scam.
The post How the PlusToken Scam Absconded With Over 1 Percent of the Bitcoin Supply appeared first on Bitcoin Magazine.
iFinex claimed the NY AG lacked sufficient jurisdiction for an investigation into the company’s activities.
S&P 500 stock Estee Lauder is pricey, but there may be another way for investors to play retail and capitalize on strong consumers.
The New York State Supreme Court has ruled that Bitfinex is in the jurisdiction of the state’s Attorney General, allowing for a continuation of its investigation.
A department of the Israel Ministry of Finance is looking to drive fintech competition with industry teams and licensing help.
Staffers at CoinCorner, a British bitcoin trading venue and exchange founded in 2014, now receive part or all of their salaries in cryptocurrencies including bitcoin, ether, and XRP, via CoinCoiner Checkout, a crypto payments solution that eliminates the risks of price volatility for users, reports IOMToday on August 19, 2019. CoinCorner…
It is difficult to know whether more sophisticated crypto custody solutions are paving the way for institutional investors or vice versa.
The New York State Supreme Court has decided that it has jurisdiction to rule over the case between the New York Attorney General (NYAG) and iFinex, the parent company of cryptocurrency exchange Bitfinex. The decision now allows the NYAG to continue its investigation, according to a filing. iFinex previously appealed to the court to halt …
Bitcoin’s recovery from its recent drop to lows of $9,500 signals that buyers are currently in control of it, but BTC may soon incur major volatility.
According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than just Chinese investors seeking to
Quantstamp, a blockchain security company developing automated security tools such as the Quantstamp Security Network, has announced it is open-sourcing