Storj and Counterparty Create a New Lightning Based Payments Technology
Storj along with Counterparty have developed a new payments technology based on Lightning Network to support crypto-asset payments on the Counterparty Network. Storj, the blockchain based decentralized cloud storage services provider has joined forces with Counterparty, a Bitcoin blockchain based smart contract tools provider to create a new payments channel technology. The technology developed by Storj is currently in the proof of concept stage and it will be used for enabling payments on the Counterparty network using Counterparty tokens. Storj’s concept payments technology is built to....
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Counterparty and distributed storage platform Storj have teamed up to develop off-blockchain “payment channels” similar to the much-anticipated Lightning Networks. Storj & Counterparty Developing ‘Picopayments’. Payment channel technology, which allows users to transact instantly and settle on the Bitcoin blockchain at a later stage, will also power....
Counterparty, the technology for decentralized financial tools on the Bitcoin blockchain, and Storj, the first decentralized, end-to-end encrypted cloud storage that utilizes blockchain technology, have teamed up and combined resources to develop payment channel technology for use on the Counterparty network. CoinTelegraph spoke to Trevor Altpeter and Matt Young, directors of the Counterparty Foundation, about the partnership with Storj, micropayments, and the Lightning Network. Storj’s micropayment streaming of SJCX. Starting in the third quarter of this year, Storj’s micropayment....
Storj Labs has announced that it is planning on moving its blockchain-based cloud storage network from its current Counterparty protocol over to the Ethereum blockchain. The Atlanta-based company announced in a blog post that one of the reasons for the planned move is due to current issues with the bitcoin’s blockchain transaction backlog and long transaction times. The Counterparty smart token platform runs on top of the bitcoin blockchain. Additionally, the fees that Storj have to pay are no longer sustainable. In the blog post, Shawn Wilkinson, CEO and CTO of Storj Labs, said:....
Storj is today's Random Coin of the Day as it offers decentralized file storage. Users earn Storj coins by offering the extra space on their hard drive for Storj's file storage. People who host their files on Storj are the only ones who may access their files as it depends on the same blockchain technology every coin relies on for its security. MetaDisk is being developed for people looking for cloud storage, and DriveShare is being developed for those who wish to offer their hard drive space for the Storj network in exchange for Storjcoins. Storj Exclusive Interview. I conducted an....
Bitcoin is yet again recovering from its weekly low of $321 and is currently sitting at $360 range, around a 10% increase in the last 10 days. We have been in the dumps for quite a while now, and it sure seems the market is turning for the good. While progress has stalled around the $370 mark, the constant volume and low prices may prove to be enticing enough for investors to get in at this position. Two coins that really bounced back was Counterparty as well as Darkcoin, with Counterparty going from $3 dollar range with it now sitting at $5.20. As you can see just today Counterparty has....