The Logos Network from Promethean Labs has received $3 million in seed funding to build a blockchain-based payment processing platform superior to those currently used to trade Bitcoin, Ethereum, and other cryptocurrencies plus also able to support using cryptocurrencies to buy and sell goods and services in the real world. Existing blockchains that handle cryptocurrency trading, while cheaper to operate than legacy card payment networks, are far slower. This makes them unacceptable for handling payments to merchants from consumers. Bitcoin’s blockchain-based trading platform handles only...