RATE Group | IOV Labs Ushers in Bitcoin-Based Mobile DeFi
88191
post-template-default,single,single-post,postid-88191,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

IOV Labs Ushers in Bitcoin-Based Mobile DeFi

13 May IOV Labs Ushers in Bitcoin-Based Mobile DeFi

Posted at 20:24h in Bitcoin News by

IOV Labs, a startup that constructs financial solutions based on Bitcoin’s blockchain, has introduced another layer of scaling. 

“IOV Labs announced the launch of its Light Client for the Lumino Payments Network, a third-layer Bitcoin scaling solution,” said a statement provided to Cointelegraph, which added:

Lumino Payments Network enables off-chain payment capabilities for any current or future ERC20-compliant token deployed on the RSK and RIF blockchain networks.”

Bitcoin-based decentralized finance

Ethereum made a name for itself as a smart contract-enabled network primed for project building. Thanks to a sidechain solution called Rootstock (RSK), however, projects can work with smart contracts on Bitcoin’s network. RSK also touts a second layer element called RIF. IOV Labs oversees RSK and RIV. 

As of the recent launch, programmers using the Lumino Light Client do not need to operate a complete blockchain node when building blockchain-based solutions, the statement explained….

Source link

Tags:
, , , , ,