Coinsetter Announces On-Blockchain Settlement of Trades with Project High Line

New York-based Coinsetter has unveiled its Project High Line, which aims to use the 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 itself to settle trades quickly and transparently.

The feature may be more relevant for a broker like Coinsetter, which recently began offering post-trade settlement for qualified accounts.

The exchange sought to improve what it considered an outdated and opaque system still used on Wall Street, where it takes numerous intermediaries to reassign ownership over a period of several days.

With High Line clients buying or selling Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term will have a "line-of-sight view" of their funds on the blockchain after trades are executed.

Jaron Lukasiewicz, CEO of Coinsetter, said, “Coinsetter’s Project High Line is an important application of blockchain technology that reforms outdated clearing and settlement rails, just as the High Line Park, built over outdated railway infrastructure, has forever revitalized downtown New York City and increased its value.”

Only a few days ago, Germany-based bitcoin exchange bitcoin.de became the first to release real-time settlement of bitcoin trades using its integration with Fidor Bank.

That integration happens to not make use of blockchain technology. Also recently, however, Bitcoin Foundation became one of the first to apply blockchain technology toward decentralized applications, using it for the runoff vote to fill the vacant board seats.