NASDAQ Files DLT Blockchain Patent
The Nasdaq exchange recently filed an application to the U.S. Patent and Trademark Office for a Distributed Ledger Technology (DLT) that would record and store asset ownership data and allow owners to access assets such as stock shares via a special digital wallet. However, Nasdaq believes more time needs to be invested to develop a fault-free system, therefore, the technology cannot be fully implemented into the already-existing systems. [Sources: USPTO, Ethereum World News, Coindesk]
LedgerX Launches LEAPS Futures Options
LedgerX, an Institutional trading and clearing platform has initiated the launch of long-term Bitcoin futures options called Long-Term Equity Anticipation Securities (or LEAPS). Under the terms of the deal, the buyer has the right to buy bitcoin at a price of $10,000 at that date, or almost a 30 percent premium on today’s price. [Source: Coindesk]
First Bitcoin – Litecoin Atomic Swap
The Lightning Network can now be used to send transactions across different blockchains. The Lightning Labs development team successfully swapped testnet Bitcoin for testnet Litecoin through a lightning channel in which ownership of the coins changed hands, while no transaction was recorded on either blockchain. Litecoin creator Charlie Lee stated “Previous atomic swaps that I have done were on-chain, and had the on-chain limitations of slow [transactions] and high transaction fees.” The Lightning Network is a payment layer developed to support a virtually unlimited number of off-chain transactions among users, at nearly no cost – while leveraging the security offered by Bitcoin.
Monero Hardware Wallet
Development for a Monero hardware wallet backed by community support is progressing. The development team released an update showing the wallet being connected to a mobile device via USB On The Go (OTG). Two prototype versions of the wallet are expected to be released late December for testing. Currently, there is not Monero hardware wallet in the market.
NOTE: This is an emergent and evolving highly technical space. You should understand how involvement in this space impacts you and acknowledge all risks before participating or implementing any recommendations.