Jaxx Announces Rootstock Integration at laBITconf

Decentral, creators of the universal wallet Jaxx, announced today the integration of Rootstock’s token RSK “Smart Bitcoin,” into their suite of software products. Jaxx becomes the first blockchain wallet to effect the integration, which will give users an opportunity to access the testnet version of the token, powered by smart contracts secured by the bitcoin […]

Decentral, creators of the universal wallet Jaxx, announced today the integration of Rootstock’s token RSK “Smart Bitcoin,” into their suite of software products. Jaxx becomes the first blockchain wallet to effect the integration, which will give users an opportunity to access the testnet version of the token, powered by smart contracts secured by the bitcoin network. Rootstock is immediately available on 7 of Jaxx’s 9 platforms, with support for iPhone and iPad expected shortly. The announcement comes as Rootstock executives took center stage at laBITconf to officially unveil their platform to the world’s leading blockchain experts, fintech innovators and international reporters. The concept of Rootstock is to provide faster bitcoin transactions and larger scalability, with payment confirmations occurring almost instantly.

CEO of Jaxx Anthony Di Iorio said, “Rootstock’s platform is a remarkable way to enhance the the efficiency of transactions and in turn, the entire bitcoin ecosystem. We’ve seen great interest in their project and we are big fans of the development team. Jaxx is thrilled to add the yellow label version of their coin on our wallets, and look forward to adding the main-net version in the coming months.”

Rootstock is an evolution of QixCoin, a turing-complete cryptocurrency created back in 2013 by the same development team. Rootstock will facilitate over 300 transactions per second and confirms payments in less than 20 seconds. The platform will combine the capabilities of Ethereum with the security and transparency of the Bitcoin network, using sidechain technology and a merged mining approach.

Diego Gutierrez Zaldivar, co-founder of Rootstock said, “Rootstock is not new in that it inherits intellectual work from previous projects, but what is new, is the way we create economic incentives and the way we leverage on top of the bitcoin security model. Our partnership with Jaxx is a landmark one for us, because they produce full featured, easy to use wallets on more platforms than anyone else.”

The main-net launch of Rootcoin will occur in early 2017.

Read this next

Digital Assets

Bybit celebrates listing of Arbitrum (ARB) token with $400K prize pool

“At Bybit, we recognize our responsibility to provide forward-thinking opportunities for our users and lead the way in supporting the proliferation of cryptocurrency and blockchain technology.”

Digital Assets

StormGain launches StormGain DEX, a non-custodial alternative to its centralized exchange

StormGain DEX becomes accessible once a user connects their own non-custodial wallet and trades directly, with all orders settled on-chain.

Retail FX

OANDA launches CFDs on UK and US stocks for retail clients in emerging markets

“Interest in CFDs has been surging globally as they offer traders and investors the opportunity to profit from price changes without owning the underlying assets. CFDs give exposure to markets that are trending downward as well as upward, allowing traders to take positions even when volatility is high.”

Institutional FX

Bitpanda’s stocks, commodities, crypto now available to banks partnered with Visa

“We are excited to welcome Bitpanda to Visa’s Fintech Partner Connect Program. The partnership will assist banks to integrate an asset trading platform for crypto and other assets within their banking app.”

Industry News

Exchanges agree on global framework for designating stocks and shares as green

“Investors should be able to have greater visibility of issuers who have green activities in a way that is rigorous and that counters greenwashing. Exchanges strive to bring clarity, consistency, and rigor to the concept of green and to counter greenwashing.”

Institutional FX

90% UK participants worry of trade failures, penalties, inefficiencies arising from US move to T+1

“By embracing automation and digital transformation, firms can enhance their middle- and back-office systems and gain a competitive edge”, said Brian Collings, CEO, Torstone Technology.

Industry News

Lindsay Lohan, Jake Paul, Soulja Boy, Kendra Lust, Ne-Yo, Akon charged by SEC in crypto fraud case

“Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.”

Institutional FX

State Street to acquire CF Global Trading to enhance global outsourced trading service

“Our team has worked with our clients for 20+ years to develop a global, multi asset class execution platform with a focus on accessing liquidity, improving workflows and reducing costs.”

Digital Assets

BitGo taps Coincover to allow clients to store backup keys for wallet recovery

“There is no such thing as too secure. That’s why we have elevated our relationship with Coincover, to integrate the option of storing backup keys with Coincover for all BitGo’s coin offerings.”

<