Amid unstable global financial conditions, Bitcoin continues its path as a juicy-looking hedge asset, based on its gains comparative to gold. Sitting at a press time price of $1,717 per ounce, gold has risen approximately 12% from the start of 2020, TradingView data showed. In the same time frame, Bitcoin boasts a 30% gain, at a value of $9,290 at press time. Bitcoin shines against mainstream markets Coronavirus fears and prevention measures sent crypto and mainstream markets into a downward spiral. Bitcoin hit its most recent low on March 13,…
Day: May 14, 2020
IOV Labs Explains New Off-Chain Bitcoin-Based Payment Channel
Bitcoin blockchain solution startup, IOV Labs, recently introduced the RIF Lumino Light Client. The new offering “will allow to any DApp or mobile application to take the great advantages of the RIF Lumino Network,” an IOV Labs representative told Cointelegraph in an email. But what is the RIF Lumino Network? A second layer payment network on Bitcoin’s blockchain IOV Labs manages Rootstock, or RSK, a sidechain on Bitcoin’s blockchain, which allows smart contract capabilities on the network. IOV Labs calls RSK a second layer solution on top of Bitcoin’s blockchain,…