Subscribe to Our Newsletter
Thursday May 26, 2022
Bitcoin (BTC) $29,391.00   Ether (ETH) $1,862.91
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Vendor Technology

CommerceBlock launches testnet of its custom Bitcoin sidechain

Published by CryptoNinjas.net
06/21/2018
CommerceBlock launches testnet of its custom Bitcoin sidechain

CommerceBlock, a developer of decentralized financial infrastructure on public blockchains, today announced the launch of the CommerceBlock testnet.

The main purpose of the testnet is to perform security audits and stress test the system. Plans soon call for enabling public access so that anyone is free to join the test network and issue their own assets and contracts.

To see the testnet data, visit CBTExplorer.com which hosts a prototype of a new block explorer designed to display asset-backed tokens transacting natively on top of the CBT base token.

The CBT testnet is running a federated consensus protocol with 3-of-5 multisig block-signing nodes and 5 fully validating nodes. The infrastructure has been fully containerized/virtualized and is highly scalable, deployed on cloud-based hardware.

CommerceBlock developers have been busy adding new features to their blockchain implementation Ocean (built from the Bitcoin Core codebase) that enables the deployment of asset-backed sidechains with native support for the pay-to-contract protocol (BIP175) at the consensus layer.

Additional features include new wallet functionality to handle embedded contracts and advanced identification/KYC protocols to meet the requirements of institutional clients.

The CommerceBlock team said:

“All of our software is open source and all of our development work is public — unlike many other projects — and this is a central part of our philosophy and values. We believe that this model is essential to the security of cryptocurrency and blockchain systems, enabling peer review and public audit of code that clients must rely on to secure substantial value, as well as fostering more rapid innovation and collaboration. We are therefore proud to contribute back into the open source projects that we have built upon — Bitcoin Core and Elements — and support their continued growth.”

“This launch marks the start of an exciting period of advance for the CommerceBlock project — and the next big step will be the publication of our new whitepaper which explains the technical design of the network and our staking model, as well as implementations of our attestation and pegging technologies.”

35
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Wallet app for CommerceBlock’s Bitcoin sidechain now operational

01/27/2021
Wallet app for CommerceBlock's bitcoin sidechain protocol now operational

CommerceBlock, a sidechain codebase based on the Bitcoin protocol for the distribution, exchange, and storage of tokenized assets and securities, today announced the release of the first operational demo version of Mercury, CommerceBlock’s statechain...

Read more

Security token platform TokenSoft adds support for CommerceBlock

11/26/2019
Security token platform TokenSoft adds support for CommerceBlock

TokenSoft, a platform for financial institutions issuing blockchain-powered securities, today announced the launch of support for CommerceBlock, a public blockchain-based infrastructure enabling the distribution, exchange, and storage of tokenized assets and securities. “The CommerceBlock...

Read more

CommerceBlock bitcoin anchored data attestation sidechain now live

10/15/2019
CommerceBlock bitcoin anchored data attestation sidechain now live

CommerceBlock, a public blockchain-based infrastructure enabling the distribution, exchange, and storage of tokenized assets and securities, today announced that its MainStay service is now live. This service has actually been running in the background...

Read more

CommerceBlock partners with Securosys to secure keys of its public blockchain

11/13/2018
CommerceBlock partners with Securosys to secure keys of its public blockchain

Securosys, a Swiss cybersecurity and encryption provider and London-based CommerceBlock today announced their long-term collaboration. Securosys will provide secure key management for CommerceBlock’s public blockchain based infrastructure. This collaboration will bring performance, security, and scalability...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
Decred blockchain introduces new cross-chain, SPV-based wallet: GoDCR

Decred blockchain introduces new cross-chain, SPV-based wallet: GoDCR

05/23/2022
Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTendermint

Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTendermint

05/25/2022
Polygon forms a multi-million dollar fund to assist Terra projects in migrating

Polygon forms a multi-million dollar fund to assist Terra projects in migrating

05/25/2022
Fairmint launches new tokenized equity platform for startups

Fairmint launches new tokenized equity platform for startups

05/25/2022
Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

05/24/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version