January 23, 2019

Bitfury Releases Merchant, Developer Tools for [BTC]’s Lighting Network

Blockchain technology firm Bitfury has released a suite of business and development tools for bitcoin [BTC]’s lightning network.

Although the network is still under development, Bitfury announced a comprehensive product list to support the tech on Wednesday, including an open-source lightning wallet and hardware and software tools for merchants and payment processors to accept payments. It also released developer tools and a public lightning network node called “The Peach” to let bitcoin [BTC] users open or create payment channels.

The product bundle is designed to make using the lightning network “easier for vendors and consumers to use,” Bitfury said.

A layer-2 payments technology that debuted on bitcoin [BTC] early last year, lightning enables transactions with near-instantaneous confirmation speeds without having to store information directly on the blockchain.

The new tools were built by Bitfury’s Lightning Peach team – the internal group focused on lightning development.

“By providing these products to the market, Bitfury is encouraging worldwide adoption of this technology and providing unparalleled support to consumers and merchants,” said Valery Vavilov, CEO of Bitfury.

The company announced last Tuesday that it had integrated lightning technology for use on cryptocurrency exchange BTCBIT.

Saying that users of the exchange could now “benefit from faster, lower-cost payments,” a Medium article also specified that the integration would “help more people use bitcoin [BTC] in their everyday lives in a faster and more convenient way.”

Marketed as a “full-service blockchain technology company” on its official website, Bitfury closed an $80 million funding round led by venture capital firm Korelya Capital last November.

While the company is best known for manufacturing specialized cryptocurrency mining hardware, such as the “Clarke” ASIC chip, Bitfury is now looking to spur global adoption of blockchain technology as part of its corporate agenda.

Bitfury Group previously announced a partnership with blockchain-based payment processing system Paytomat last year, linking Paytomat’s digital wallet and merchant app to the lightning network.

Earlier that same year, the company launched a blockchain toolkit dubbed Crystal for users to identify and investigate criminal activity on the bitcoin [BTC] blockchain. Yesterday, it also announced two new executive-level hires from Element Capital Group and enterprise software vendor Panaya to boost this division.

Toolkit image via Shutterstock

Published at Wed, 23 Jan 2019 09:00:57 +0000

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LindaCoin is Trying to Take on The Famous Dogecoin

A new and emerging cryptocurrency called LindaCoin is trying to take on the famous and tongue-n-cheek Dogecoin.

Lindacoin Takes on Dogecoin

A new cryptocurrency has emerged which is trying to take on Dogecoin. Lindacoin is a new exciting cryptocurrency that is based on the prominent Scrypt algorithm. With its new unique features, the coin is trying to compete with the world-famous cryptocurrency Dogecoin.

LindaCoin is using a hybrid combination of Proof of Work(PoW) and Proof of Stake(PoS) with a 70% pure PoS Block reward phase and an impressive 99% APR. The 2-month old cryptocurrency has a maximum supply of 50 billion coins the cryptocurrency has a stable and growing market cap valuation of over $900,000.

With its unique logo and modern appealing website, LindaCoin is trying to do something different in cryptocurrency space. Some interesting aspects of the LindaCoin cryptocurrency are its unique technological features.

Currently, the LindaCoin wallet is available for Windows, OSX, and Linux. According to the official Bitcointalk thread, the team is also planning to release a web wallet and mobile wallet for both Android and iOS. With stealth addresses, users are able to send their LindaCoins anonymously and securely. Another interesting feature of the cryptocurrency is the masternodes integration.

Not only do the masternodes allow extremely fast transactions, but they also make sure that the transactions confirm in an instant. And for this reason, masternodes operators are earning 50% of the block awards, which currently is about 32240.42 LINDA.

After recent privacy concerns, many p2p-messaging users are searching for new and alternative ways to message online. The LindaCoin wallet offers a sleek and advanced messaging system that encrypts texts and allows users to send anonymous messages to their contacts.

With its very active and supportive community, the LindaCoin team is hoping to grow their user base and attract more investors to help grow and advance the tech and infrastructure behind the cryptocurrency.

The current long-term goal of the new coin is to effectively compete with the prominent digital cryptocurrency Dogecoin, and actively try to overtake its place on the top-10 cryptocurrency list.

What are your thoughts on LindaCoin? Do you think that it could replace Dogecoin? Let us know in the comments below!

[Disclaimer: This is a sponsored article.]

Images courtesy of LindaCoin, Shutterstock

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