"The reason we chose to support Omni and OmniBOLT, is that they are the only token solutions that do not require extra blockchains or native store of value tokens to operate," Carvalho said. The company also uses Omni, a platform that enables tokens, decentralized crowdfunding, and peer-to-peer trading solutions on Bitcoin.
Slashtags is only part of Synonym's stack, however. "This empowers Bitcoiners by allowing us to create literally any digital marketplace we can define in a way that leaks minimal metadata and only with whom we choose to trust." "These localized WoTs can rebuild an entire new user-centric web where you decide who to include and under which conditions," Carvalho explained. These schemas can be leveraged to allow anyone to form private yet interoperable networks. It requires that a schema be passed when communicating about a key. Slashtags is based on a web of trust (WoT) model, in which public-key cryptography is used to establish the authenticity of the binding between a public key and its owner. "Slashtags can improve any network's ability to authenticate, coordinate, permission, and sort anything digitally expressible." "We wanted to show and prove that you literally do not need a blockchain for anything other than a Bitcoin standard store of value," Carvalho told Bitcoin Magazine. Synonym and its software stack aim to demonstrate how only one blockchain is necessary. The Slashtags protocol challenges common beliefs in the cryptocurrency industry that many blockchains are necessary for disrupting traditional finance. Instant Tether tokens will be introduced to the Lightning Network, within our apps, and within Blocktank LSP for token channel liquidity, and Synonym will bring all of this together using the one and only important blockchain, Bitcoin." An Exclusive Look Inside Synonym With CEO John Carvalho "Slashtags Accounts and Blocktank LSP will be integrated with Bitfinex. "As part of the family of companies that make up Tether and Bitfinex, Synonym is positioned to integrate all of these companies products in a strategic way for Bitcoin, and we can reroute these resources back into Bitcoin development," Carvalho told Bitcoin Magazine. The company, which Tether Holdings owns, is also open-sourcing code libraries for features like tokens on Lightning, a mobile Lightning node, and encrypted, remote wallet backups.
"Synonym will also release Blocktank, a full-service 'Lightning Service Provider' (LSP), which will allow businesses, platforms, apps, or Bitcoiners to configure and purchase Lightning Network connections and liquidity instantly," according to the statement.
0 kommentar(er)
