Bloq Wants to Be ‘The Idea Factory’ for the Blockchain Era

Enterprise-grade Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term solutions provider Bloq has launched an initiative to further sponsor what it sees as critical open-source projects in the bitcoin and blockchain ecosystems, BloqLabs.

“In the 1900s, Bell Labs become known as the ‘The Idea Factory’ for global telecommunications,” explained Jeff Garzik, CEO and co-founder of Bloq. “BloqLabs can set the tone for the blockchain era and ensure enterprises are tapping into every innovation from our vibrant community of developers.”

BloqLabs launches with several projects and platforms supported by Bloq. These include: Drivechains, Qtum, VeriBlock, bitcoinj and the Android Bitcoin Wallet.

Andreas Schildbach, a developer at Bloq known for creating the first bitcoin wallet for Android, maintains the bitcoinj repository primarily used in bitcoin wallets and transaction services globally. "Open source is at the core of Bloq’s DNA, as both a patron and developer," commented Schildbach. "I'm grateful for Bloq sponsoring work in open source blockchain software.”

“Businesses have been exploring blockchain technology for years now, but without widespread adoption. BloqLabs aligns with Qtum’s goal to Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term the gap between the business and technical worlds with open-source solutions that meet the commercial needs for privacy, security, and most importantly, usability,” said Patrick Dai, co-founder of the Qtum Project.

Paul Sztorc is an economist at Bloq and chief architect behind Drivechains, a technology that allows a blockchain system to temporarily mimic the properties of another, ensuring interoperability. "The record is clear: open source is the way to go – it's better, faster, and more secure," said Sztorc. "I'm thrilled to have Bloq sponsor the project, few companies are this generous.”