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The developers behind the Bitcoin Cash (BCH) full node Bchd have announced the beta release of the lightweight client Neutrino which is now available for Android phones. The Neutrino protocol is not only exceptionally fast, but the client is considered a privacy-preserving light wallet because it uses a concept called client-side filtering.
Also read: New Tasking Platform Lazyfox.io Rewards Users With Bitcoin Cash
Cryptocurrency exchange Coinbase purchased controversial Italian software services provider Neutrino for $ 13.5 million (€12 million), a copy of a legal document dated February 15, 2019, and shared with Bitcoin Magazine reveals. The hard numbers of the acquisition were previously unknown.
The document leak comes after a week of turbulent developments following the February 19 acquisition. Community members, namely Block Digest podcast member Janine, began to raise ethical concerns stemming from the company’s shared past with Hacking Team, an Italian, man-in-the-middle software provider whose malware and spyware has been linked to human rights and privacy abuses around the globe.
After a week of community discontent, cryptocurrency exchange Coinbase has decided to sever its business relationship with Neutrino employees who previously worked at the notorious Italian malware/software provider Hacking Team.
Blaming “a gap in [Coinbase’s] diligence process,” CEO Brian Armstrong writes in a Medium post that Coinbase “did not properly evaluate everything from the perspective of our mission and values as a crypto company.”
Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data.
“The compelling reason for making the acquisition was that Neutrino had some industry leading, best in class technology. It was important for us to migrate away from our current providers. They were selling client data to outside sources and it was compelling for us to get control over that and have proprietary technology that we could leverage to keep the data safe and protect our clients,” Sandler said in an interview with Cheddar.
U.S.-based digital asset platform Coinbase has acquired blockchain intelligence startup Neutrino. The company made the news known earlier today, February 19, 2019, but the cost of the acquisition was not disclosed.
The announcement reads:
"Neutrino’s technology is the best we’ve encountered in this space, and it will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world."
The blockchain startup will analyze data on public blockchains and help prevent theft of funds on Coinbase, investigate ransomware attacks when they come up and identify the culprits using its suite of tools.
Coinbase has acquired the cryptocurrency surveillance company Neutrino, whose team will be joining the American exchange’s European operation. The Milan, Italy-based startup develops blockchain intelligence platforms for crypto companies as well as law enforcement agencies.
Also Read: Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018
Coinbase, the San Francisco-based cryptocurrency exchange, announced on Feb. 19 that it has acquired Neutrino, which it described as a blockchain intelligence platform. The team of blockchain engineering and security experts will join the exchange’s workforce, and Neutrino will continue to operate as a standalone business based out of Coinbase’s London office.
San Francisco-based Coinbase announced Tuesday that it has acquired Neutrino, a blockchain intelligence platform, for an undisclosed amount. Today we’re announcing Coinbase has acquired Neutrino, a blockchain intelligence platform. Neutrino’s technology is the best we’ve encountered, and will play an important role in legitimizing crypto, making it safer and more accessible for everyone. https://t.co/6gXcRvpEBM — […]
SludgeFeed
Lightning is all the rage these days and, while it's an exciting development, users currently have to have a full node running in order to transact in it. In this article, I'm going to introduce Neutrino, a new protocol for light clients to get the data that they need while preserving privacy and without trusting a central server.
In the original white paper written in 2008, Satoshi Nakamoto described something called Simplified Payment Verification (SPV). SPV is how a light node can verify payments without downloading, verifying or storing the entire blockchain. This was supposed to be the basis of light wallets. Unfortunately, the original Bitcoin Core software did not implement Simplified Payment Verification, so light clients did not have access to the data necessary to do SPV in a privacy-preserving way.
If you are a regular Bitcointalk user, you will have noticed there is a massive crusade going on to oust anyone and everyone even remotely involved in digital currencies which fail(ed) to live up to their expectations. Razor (RZR) is on people’s radar now, so let’s see what people have been digging up.
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