Bitcoin, long recognized for its stability and security, tends to falls short when it comes to newer innovations. Meanwhile, smart contracts platform ethereum is drawing increasingly more attention.
But what if you could combine those two networks and come up with the best of both worlds? That is what blockchain startup RSK Labs has long sought to do.
The company’s blockchain solution, RSK (or Rootstock), aims to draw on the strengths of the bitcoin network, while bringing new options, like flexible smart contracts, into the picture.
A little more than a year ago, the Buenos Aires-based company received $1m in seed funding to create a functioning testnet. But, to move forward with its technical plans, more cash was needed.
To that end, RSK Labs announced today atConsensus 2017, that it has received an additional $3.5m in pre-Series A funding.
This latest round comes in the form of contributions from a long list of supporters, including, Anthony Di Iorio, CEO of Decentral and Jaxx, and bitcoin mining firms such as Bitfury and Bitmain.
According to RSK executives, the company plans to put that money toward R&D, increasing the network's security and deploying a mainnet in a few months. Also during Consensus, the company announced that it will be opening its production testnet (called Ginger) to the public, so that more users can begin building and testing out their own smart contracts on the platform.
Gabriel Kurman, co-founder of RSK, told CoinDesk: "More than 40 companies are currently testing Ginger, including banks, corporations and startups from all around the world. But once we open the code to the world, we expect hundreds of companies – and partners – to start testing the platform, which, until now, was closed." #consensus2017 #tothemoon #bitcoin #blockchain #ethereum #ripple #zcash #monero#coindesk #litecoin #xem #nem #coindesk #cryptocurreny #ripple#jaxx #gold #investments #endthefed #биткоин #блокчеин #криптовалюта #お金 #投資 #ゴールド #ビットコイン #仮想通貨 #暗号通貨 #投资 #黄金 بيتكوين#