Quadriga Bitcoin Exchange Says to Launch Blockchain R&D Lab

QuadrigaCX, Canada's largest bitcoin exchange based on 30-day volume, says it is launching a 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 tampe 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 tampe Read this Term R&D lab.

The company, now called Quadriga Fintech Solutions Corp, says that the lab will be the first in Canada.

Its first project would be the development of a blockchain-based client database for financial crime prevention, as well as what the company referred to as "machine to machine (M2M) Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term" with Internet of Things (IoT) providers for connected cities.

Both applications are particularly relevant in the bitcoin exchange business. Quadriga's CEO Gerald Cotton said that the exchange has the largest existing database of bitcoin trader data in the country, "so it was a natural progression for us to move forward with research into the Blockchain and to take a leadership role on Blockchain in Canada.”

The move comes as multiple segments of the Bitcoin economy, including exchanges and mining, are quietly transitioning to rebrand themselves under the blockchain banner and announcing new development initiatives.

"Blockchain" has overtaken "Bitcoin" in popularity, becoming one of the hottest disciplines in FinTech and enjoying near-universal recognition in both the cryptocurrency and mainstream financial worlds.

Earlier this year, Quadriga had announced plans to have its shares listed on the Canadian Securities Exchange as of this past April, but the plans were shelved. Finance Magnates has requested more details, but did not receive a response as of the time of the writing of this article.