Several of the most influential Bitcoin companies worldwide have expressed their support to promote Smart Contracts over the Bitcoin network by participating in the RSK Federation.
August 3rd, 2016 – Buenos Aires
The RSK network is the first turing-complete platform to run Smart Contracts secured by the Bitcoin Network.
In addition to the security provided by the Bitcoin network, the RSK team has developed an innovative hybrid security model. This model incorporates a private Federation integrated by leading the Bitcoin industry companies.
The initiative has received strong support from the most relevant players across the world. The list of companies includes Bitcointoyou, Bitex, bitFlyer, Bitgo, Bitoasis, Bitpay, Bitso, Bits of Gold, Bitstamp, Blockchain, Blockchain Intelligence Group, Blocktrail, Bitfinex, BTCC, BitKan, Jaxx, SurBTC, CoinBR, Huobi, OKCoin, Paycase, Tether, Unocoin, Xapo, and keeps growing every week.
Wences Casares, CEO of Xapo, said “We are very excited about what RSK is doing by bringing Ethereum-like capabilities to the Bitcoin network. This will take the Bitcoin ecosystem to the next level and unveil the endless possibilities of the Blockchain technology”
The RSK federation will provide additional services that are indispensable to use Smart Contracts in practical scenarios. Those services will include the generation of external security checkpoints and active “oracling” services to gather information from external sources.
“This hybrid security model will be key to promote institutional use cases. We have more than 20 international banks, insurance companies, governments and development agencies that are planning to launch their services over RSK” stated Diego Gutierrez Zaldivar, RSK Labs CEO.
Federation members will also provide other services to RSK users such as instant peg liquidity and multisig services.
The recent episode with The Dao has exposed how important is to adopt the most rigorous security measures within the smart contract industry in order to promote real use cases. These measures, along with the power of the Bitcoin network, will enable RSK to transform our society through the development of direct democracies, digital identity, financial inclusion and the Internet of things.
Additionally, Sergio Lerner, RSK Chief Scientist, is working with several universities and security experts across the industry to develop smart contract security standards and best practices.
RSK launched its initial Testnet (Lotus) on May 2016, which is currently being tested by a number of selected partners. During Q3, RSK will continue to add new use cases to its platform and additional hashing power to its merge-mining network. The company expects to release its new version of the Testnet (Turmeric) by the end of September 2016 and launch its production network (Ginger) during Q1 2017.
Bitcointoyou is a leading Bitcoin exchange in Brazil. Bitcointoyou launched the first Bitcoin physical store in Curitiba and Brasília and has an App to enable people buy and sell Bitcoin from their smartphones.
Bitex is one of the leading Bitcoin exchanges in LATAM. It also provides several services to global companies using Bitcoin technology as part of their Concierge service.
Bitfinex is a leading trading platform for Bitcoin, Litecoin and Ether with many advanced features including margin trading, exchange and margin funding. Bitfinex is currently one of the world’s largest and most advanced cryptocurrency exchanges
bitFlyer,Inc is Japan’s largest virtual currency and blockchain company. The trading volume of bitFlyer’s exchange was over US$700 million in June 2016, the largest in Japan. The company’s capital is nearly US$40million with shareholders being SBI, Venture Labo, Mitsubishi UFJ’s venture capital, Recruit and Dentsu, among others.
BitGo is the leader in cryptocurrency security and a creator of the first multi-signature technology for both Bitcoin and Ethereum. The company secures over $2B in monthly cryptocurrency transaction volume and is the chosen brand to secure Bitcoin at many of the world’s largest exchanges.
BitKan is a tool and application platform focusing on bitcoin. Its website owns the largest number of users within the industry in China. It also provides OTC trading services, as well as price and news publishing, mining monitoring and E-Wallet services.
With an outlook towards emerging markets, BitOasis is a fintech startup building the infrastructure for new digital payment products using bitcoin technology.
BitPay is one of the most important global bitcoin payment service providers. BitPay provides payment processing services for merchants, and is one of the largest bitcoin payment processors in the world.
Bitso is the leading Bitcoin exchange in Mexico and Central America.
About Bits of Gold
Bits of Gold operates the largest Bitcoin service in Israel since January 2013, with strict adherence to local regulation.
Bitstamp is one of the most important bitcoin exchanges worldwide. It is based in Luxembourg and as of 2016 it was the world’s second largest by volume.
Blockchain is on a mission to build a more open, accessible, and fair financial future, one piece of software at a time. Thanks to its rapid expansion and position as the world’s most popular bitcoin wallet, the firm’s technology is revolutionizing the $13T financial services industry by empowering millions across the globe to authenticate and transact immediately and without costly intermediaries.
About Blockchain Intelligence Group
Blockchain Intelligence Group is headquartered in Vancouver, BC, Canada. As a developer of Blockchain technology solutions, search and data analytics, BIG’s propriety platform will globally target Governments and Fortune 1000 companies that perform business in the finance, and eCommerce sectors
Blocktrail is a powerful Bitcoin wallet, developers platform and block explorer. Founded in 2014 and based in Amsterdam, the Netherlands, BlockTrail is dedicated to delivering better tools for the bitcoin economy.
BTCC (formerly BTC China) is the oldest bitcoin exchange in China, and one of the largest in the world by trading volume. Besides BTCC manages one of the largest Bitcoin mining pools in the world.
Jaxx multicoin blockchain wallet offers a unified experience across nine devices and platforms. Jaxx delivers a frictionless user interface with no passwords or user information required, and private keys are stored client-side, never being sent to any servers. Jaxx’s single-screen layout, simple-pairing feature, and industry-best customer support ensure a first-rate user experience.
It is a Latin multicurrency exchange and infrastructure for future Bitcoin developments. SurBTC is based in Chile
The coinBR is a leading blockchain services company in Brazil and Latin America. It is active in mining, Bitcoin exchanging and blockchan solutions.
Huobi is a leading Chinese digital currency trading platform and exchange based in Beijing.
It was founded in September 2013 and it is one of the largest digital currency exchanges in
OKCoin is a leading blockchain company, operating the largest digital asset exchanges in the world – OKCoin China and OKCoin International. The company recently launched OKLink, an efficient and trusted global payments network built on top of the blockchain.
Paycase offers an affordable and flexible way to send money overseas. The platform is currently in a private beta phase.
Tether is the first blockchain-enabled platform to allow fiat currency to be used like Bitcoin. It is
a payment service that uses a bitcoin-backend to settle payments without having to use a bank.
Unocoin is India’s leading bitcoin blockchain platform. Unocoin makes it easy to securely buy, sell, store, use and accept bitcoin in India. It has been backed by DCG.co (Barry Silbert), Boost.vc (Adam and Tim Draper) and Bank to the Future (Max Keiser).
Xapo is one the world’s most secure bitcoin wallet. Xapo is a Switzerland-based company that provides a bitcoin wallet combined with a cold storage vault and a bitcoin-based debit card