$108,319.00
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-3.32%Reading
In June, when San Francisco-based cryptocurrency exchange Coinbase unveiled a blockchain integration toolkit called Rosetta, it vowed to expand it out to Bitcoin and Ethereum. It’s starting to make good on that promise.
Today, it shared rosetta-bitcoin, an implementation of Rosetta that makes it possible to integrate features that aren’t possible on the Bitcoin Core client.
Excited to share what I’ve been working on over the last few months at @coinbase! If you’re interested in helping build a common language for interacting with blockchains, apply here: https://t.co/McVa1ci0r9 https://t.co/Zn5Rgx7syE
— Patrick O'Grady (@_patrickogrady) September 22, 2020
Rosetta is an open-source project spearheaded by Coinbase and supported by blockchain projects such as Filecoin, Celo, and Blockstack.
Because each blockchain is written differently, developers face challenges when creating products that are meant to work on multiple chains. Rosetta represents an ongoing attempt to standardize the format for what are currently idiosyncratic processes; it streamlines development of “cross-blockchain applications such as block explorers, wallets, and dapps.”
According to Coinbase, over 20 blockchain projects are implementing Rosetta. But not Bitcoin.
Today’s announcement lists a host of problems for developers wanting to integrate with Bitcoin, from querying account balances to “construct[ing] transactions without importing private keys onto the node.”
According to the announcement, “rosetta-bitcoin provides access to all these features, requires no configuration by default, and can be started with a single command.”
Rosetta Tech Lead Patrick O’Grady told Decrypt that the Coinbase-led team is consistently looking to refine rosetta and review community contributions that make it as easy as possible for devs who aren’t steeped in Bitcoin or blockchain to get into blockchain development.
“Running some sort of business on Bitcoin has historically involved running an indexer and a custom wallet to create and sign transactions with offline keys,” he said. “rosetta-bitcoin makes this easy for any developer to do.”
But it’s also a good tool for developers with more exposure to Web 3.0. “For existing blockchain devs curious about Rosetta, what better way to illustrate the core concepts than to showcase how it works for Bitcoin?” he said.
O’Grady indicated this is just the beginning. The team would like to see community contributions that allow Lightning support and other features.
As catastrophic floods ravage central Texas and North Carolina, emergency responders are using professional and military-grade drones with infrared and real-time video to map flood zones, locate stranded victims, and direct rescue teams. In Texas, MQ-9 Reapers flying 18,000 feet above the impacted area assisted first responders in locating missing victims of the flooding, including those from Camp Mystic, a summer camp where 27 children and counselors lost their lives. But while drones assist in...
Minna Bank, Japan’s first digital-only bank and a subsidiary of Fukuoka Financial Group, announced Thursday it is exploring the use of stablecoins and digital wallets to support everyday financial services and payments in the country. The initiative is part of a joint study in collaboration with Fireblocks, Solana Japan, and Japanese tech firm TIS, aiming to assess the practical applications of stablecoins and decentralized wallets in real-world banking. The study will examine use cases includin...
If you follow the latest in Bitcoin happenings, then you may have seen the name “Alkanes” pop up on your timeline via Ordinals and Runes enjoyers. But what is it? Alkanes is a new metaprotocol built on Bitcoin that introduces trustless smart contract functionality to the base layer, without relying on bridges or external execution layers. It allows developers to build apps and launch tokens natively on Bitcoin, expanding the functionality of the original blockchain. Developed by Oyl Corp, the pr...
