Chain gets another $9.5 million in funding, working on 0-confirmation transactions

Coindesk reports that Chain has raised an additional $9.5 million in funding, bring total investment to $13.7 million.

Chain helps developers build apps by providing streamlined access to 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 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 via its Chain Nodes and API. One of its focuses is on linking blockchain data in real-time. By compiling and indexing blockchain data, other developers can "build 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 apps, not block chain infrastructure."

It is currently researching a way to achieve transaction certainty with "0 confirmations". This would negate the requirement to wait an average of 10 minutes per block, which occasionally comes out to an hour. It also eliminates the ability, as unlikely as it is, to double spend based on confirmation latency.

Last month, Chain debuted a fingerprint-secured wallet for iOS 8, currently in beta.

The funding round was led by Khosla Ventures and included Kevin Ryan, Barry Silbert, Scott Banister, Homebrew, 500 Startups and Pantera Capital.

Chain's founder, Adam Ludwin, said that the funding will be used to expand the team and build out its product offerings. The company is currently hiring for product and software engineering positions.