Smart Contracts Platform Symbiont Issues its First Cryptosecurity
Smart contracts platform Symbiont has issued its first "smart security". The announcement was formally unveiled at an event in New York today, during which the security was issued on the bitcoin blockchain. Symbiont aims to provide services in the nascent cryptofinance sector, and traces its roots to both Overstock's Medici project as well as the Counterparty project. Several developers, originally working on Medici, left that initiative earlier this year and later established Symbiont. Mark Smith, CEO and co-founder of Symbiont, said in a statement: "We are proud to be on the leading edge....
Related News
According to multiple sources close to Symbiont, the smart securities trading platform has closed a $7 million funding round, valuing the company at $70 million. In an email to Bitcoin Magazine , co-founder Evan Wagner declined to comment but said that the company will be making a formal announcement in the future. Symbiont, which found its genesis from the Counterparty project, was founded by former members of Medici, which is now known publicly as t0, an Overstock.com (NASDAQ: OSTK) company. According to the company’s website, “Symbiont is building the first issuance and trading platform....
Smart contracts platform Symbiont has closed a $1.25m seed funding round. The company - which plans to issue smart securities on bitcoin's blockchain later this year - received funds from investors including Duncan Niederauer, former CEO at the New York Stock Exchange (NYSE) and Matt Andresen, former co-CEO of Citadel Derivatives Group. The startup grew out of the Counterparty project, which in turn provided support for Overstock's Medici project during its early stages. Several developers went on to leave Medici and later established Symbiont. Mark Smith, CEO of Symbiont, said in a....
Smart contracts and blockchain platform Symbiont has recently hired the distinguished cryptographer Dr. Lisa Yin as its chief security officer and chief cryptographer. Dr. Yin plans to utilize her expertise to help the firm advance the Symbiont platform’s security solutions. Symbiont Hires Famous Cryptographer Who Broke SHA-1 Hash Standard. Symbiont is a....
Smart contracts startup Symbiont has hired a cryptographer best known for her work in detailing how to break the SHA-1 hashing algorithm as its new chief security officer. Dr. Lisa Yin, who will also serve as chief cryptographer, was one of three academics to publish a 2005 paper outlining an attack on SHA-1. In the eleven years since, further research has been published highlighting attacks on the hashing algorithm, and in recent years tech firms have called for its retirement. Yin also served as chief editor of the IEEE P1363 project, which develops and publishes standards for public-key....
Blockchain-based firm involved in capital markets Symbiont has issued the first-ever Smart Securities™ based on the Bitcoin blockchain. Symbiont had in early June announced that it is utilizing the Bitcoin blockchain to make the transfer of assets a safer and a quicker process. The firm's live platform enables institutions and investors to issue, manage, trade, clear, settle and transfer a range of financial instruments more efficiently on the decentralized and distributed peer-to-peer financial networks that are cryptographically secured. Smart Securities™ can be used in managing....