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Thursday, May 18, 2017

Bitcoin Scalability Issue Takes New Turn As RSK Ready to Release Ginger

Bitcoin Scalability Issue Takes New Turn As RSK Ready to Release Ginger

Bitcoin’s scalability issue will be affected by the proposed release of RSK's Ginger testnet due on May 22.

Ginger will be the first Mainnet version of the RSK platform and the only production network providing democratic open access.

RSK Labs, the creators of Rootstock, is a smart contract platform with a two-way peg and merge-mining to the Bitcoin Blockchain.

When operational, RSK is expected to allow 100tps, instant payments and it does not need SegWit. It has also been touted to be able to do most or all of what Ethereum can do - only six times faster - because of its full compatibility with the Ethereum Virtual Machine. It is not clear what would come out of it when combined with the Bitcoin network.

Full story at http://bit.ly/2qAiIRJ

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