Bitcoin Blockchain smart contracts startup RSK Labs raises a $1m seed round

Bitcoin Blockchain smart contracts startup RSK Labs raises a $1m seed round

Bitcoin Blockchain smart contracts startup RSK Labs has raised $1 million in seed funding in a round that included Bitmain Technology, Coinsilium, and Digital Currency Group.

Based in Buenos Aires, RSK is developing Rootstock, an open-source smart contract platform with a 2-way peg to Bitcoin that also rewards Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution.

The company’s platform is said to add value and functionality to Bitcoin while at the same time creating what they claim is the most robust and secure smart contract platform in the ecosystem; the platform also connects Bitcoin and Ethereum to enable new smart contracting capabilities and has as its goal to enable not only smart-contracts but near instant payments and higher scalability as well.

In terms of scalability the numbers look impressive, with the platform said to be able to

Read more ... source: TheBitcoinNews

News from Darknet

NO COMMENTS