Coinsilium Invests in Smart-Contract Sidechain Platform Rootstock
Blockchain startups investor Coinsilium is adding to its portfolio of investments by bringing in a total investment of $100,000 in smart-contracts-innovator Rootstock during the latter’s initial seed round. Coinsilium, a London-based blockchain technology investor known for supporting blockchain-based startups during their early stages has announced its latest investment in a regulatory announcement today for investors. As recently as Christmas Eve 2015, the company started trading on the ISDX Growth Market in London. The British firm has invested and facilitated co-investment for a total....
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By raising $1 million in seed funding, blockchain startup RSK Labs will develop Rootstock, a smart contracts platform that will be deployed as a sidechain on the bitcoin blockchain. In a funding round led by bitcoin mining hardware company Bitmain Technology, RSK Labs has raised $1 million in a successful initial seeding round to develop Rootstock – a smart contracts platform secured by the bitcoin blockchain. The funding round was supported by London-based blockchain investment firm Coinsilium and New York-based bitcoin- and blockchain-investor Digital Currency Group. The first of its....
Blockchain startup RSK Labs has raised $1m in seed funding to support the development of Rootstock, a smart contracts platform that would be developed as a sidechain on the bitcoin blockchain. Bitcoin mining company Bitmain Technology led the round, which also drew support from bitcoin and blockchain focused investment companies Coinsilium and Digital Currency Group (DCG). In an interview, RSK Labs CEO Diego Gutierrez Zaldivar said that the goal of the project was to build a blockchain network that would attract support from both bitcoin miners as well as developers of smart contract....
On the latest episode of the Bitcoin.com Podcast, our host Zach Doty sat down with Eddy Travia of Coinsilium to discuss his firm’s portfolio of companies, including Rootstock and Magnr. Coinsilium: Helping Bitcoin Startups. Self-described as “a fintech company, vertically integrated in the blockchain/decentralised network technology space,” Coinsilium....
Rootstock, a P2P platform based on the block chain that implements smart contracts using the capabilities of Ethereum with the transparency and security of the bitcoin network, is negotiating with the World Bank and some Latin American banks to provide microlending for the unbanked, according to the International Business Times. Rootstock hopes to give banks the means to issue loans from smart contracts. Rootstock combines the capabilities of Ethereum with the bitcoin network's transparency and security by using sidechain technology. Bitcoin serves as the fuel that runs the smart contract.....
RSK Labs — better known as Rootstock — has announced the launch of the “Turmeric” release of its platform. Representing the beginning of the RSK Testnet Network, Turmeric is intended to allow developers to test their distributed applications and tools, and will be gradually opened to the public. Described by its creators as “the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merged mining,” RSK raised $1 million in funding from Bitmain Technologies, Coinsilium and the Digital Currency Group in March of 2016 to complete the....