Bitpay Announces Stablecoin Support for Merchant Settlement

Bitpay Announces Stablecoin Support for Merchant Settlement

On Monday the cryptocurrency payment processor Bitpay announced the company is now supporting settlement options using two stablecoins — the Gemini dollar and the Circle Centre coin. Not only can Bitpay merchants settle in BCH, BTC, and local fiat currencies, but they can also utilize a US dollar-equivalent digital currency.

Also read: BCH Devcon Streamlines Bitcoin Innovation in San Francisco

Bitpay Now Supports Settlement With Two Stablecoins — USDC and GUSD

Bitpay Announces Stablecoin Support for Merchant SettlementStablecoins have been a hot topic recently as a slew of new assets has joined the crypto-economy’s ranks. On Oct. 15 the Atlanta-based firm Bitpay announced the company will now support stablecoins for merchant settlement options. This means Bitpay merchants can choose to accept the Gemini dollar (GUSD) or Circle’s Centre coin (USDC) for settlement instead of settling in BCH, BTC, or local currencies.     

“Bitpay was founded to make payments faster, more secure, and less expensive using Bitcoin for organizations around the world,” explained Stephen Pair, co-founder and CEO of Bitpay during the announcement.

Bitpay Announces Stablecoin Support for Merchant Settlement
Bitpay merchants can now settle in USDC and GUSD.

Using Stablecoins Can Produces Faster Settlement Compared to Traditional Bank Transfers

Pair also adds that stablecoins give merchants more options and a new alternative to settling in BTC and BCH. The Bitpay founder also details that stablecoins give individuals and organizations the ability to transact more fluidly with a “non-volatile settlement solution that does not rely on traditional bank wires.”

“Customers can skip costly, complicated cross-border wire transfers and receive or send international payments with Bitpay with accuracy, reduced fraud risk and quick bank settlement,” the payment processing firm emphasized.

The company also believes that global areas such as South America, Africa, and the Asia Pacific region would benefit significantly from the use of stablecoins. Using Bitpay’s services, traditional fiat bank settlement is initiated the next business day and it can then entail another 24 hours until the final settlement. Stablecoins, BCH, and BTC settle in a much quicker fashion and US dollar-equivalent digital currency prices tend to be far less volatile than regular decentralized assets.

What do you think about Bitpay supporting GUSD and USDC for merchant settlement? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Pixabay, and Bitpay


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Bitcoin Cash Developers Are Building Tools for Better BCH Fungibility

Bitcoin Cash Developers Are Building Tools for Better BCH Fungibility

On Oct. 12 the Bitcoin Cash developer Chris Troutner published a new shuffling protocol concept called Tokenshuffle, a platform that aims to anonymize BCH transactions. Meanwhile, the Cashshuffle project has recently outlined the platform’s roadmap and accomplishments so far. Over the past few months the focus on bitcoin cash fungibility and tools that make blockchain obfuscation possible has become a popular trend among BCH proponents.

Also read: BCH Devcon Streamlines Bitcoin Innovation in San Francisco

The Tokenshuffle Idea

Bitcoin Cash Developers Are Building Tools for Better BCH Fungibility
Chris Troutner

Privacy is a pretty big deal to cryptocurrency proponents and it seems many developers and projects have been racing for the holy grail of digital currency anonymity. Members of the Bitcoin Cash (BCH) development community have been passionately working towards this goal. On Friday, Oct. 12, the programmer Chris Troutner published a concept called Tokenshuffle, an intended light wallet that utilizes two types of cryptocurrency mixing protocols. Troutner has published his gist on Github and explains that after some significant community review an open source application will be built.         

“Tokenshuffle is a protocol for anonymizing Bitcoin Cash (BCH) and improving its fungibility,” explains Troutner’s gist on Github. “This protocol is loosely based on the ideas in Coinjoin and Coinshuffle, and is intended to be implemented as a light-weight web app that people can anonymously interact with.”

Troutner adds:  

It leverages new token protocols built on top of Bitcoin Cash like Wormhole, though other token protocols could be used.

Bitcoin Cash Developers Are Building Tools for Better BCH Fungibility
A diagram of Chris Troutner’s Tokenshuffle idea.

Cashshuffle Development Continues

Bitcoin Cash Developers Are Building Tools for Better BCH FungibilityAlongside Troutner’s announcement, the development team behind the Cashshuffle project has published the protocol roadmap showing a lot of effort is being dedicated toward this privacy tool. On Oct. 13 Cashshuffle programmers explained the project’s goals and how they are aiming for the “next phase of maturity in the next 1-2 months and finally become a real fungibility solution for Bitcoin Cash.”

The team says they have been steadily trying to find a solution for the liquidity problem with a bot that shuffles coins for people when there are not enough participants tumbling coins. The developers say they have been contemplating other ideas like incentivization techniques similar to the Coinjoin protocol. However, the Cashshuffle programmers detail that there are some “big things coming” that will separate the program from other types of privacy methods.

For instance, the blockchain engineer Josh Ellithorpe has proposed a mechanism that enables wallets to pre-shuffle their UTXOs. “This can happen in the background and when you need to make a payment, your coins will already have been shuffled,” the Cashshuffle team emphasized. Further, the Electron Cash lead developer Jonald Fyookball has been working hard to merge Cashshuffle into the popular BCH light client. The team states that the privacy tool’s build will be double-checked by an independent security audit as well. The programmers believe Ellithorpe’s new idea of mixing UTXOs in the background automatically will improve shuffling efficiency a great deal.

“There should be plenty of liquidity because it will be widely available to many users and it can happen in the background, not while someone is waiting for a payment — Everyone will naturally be incentivized to participate to enjoy the privacy features,” the Cashshuffle developer explained. “There will still be a client-server model and the client can indicate a group of active servers and each time a shuffle is made, the client will randomly select one of the active servers — By having multiple servers, the solution will be distributed and censorship-resistant.”

At the moment Troutner’s Tokenshuffle idea is receiving some feedback on Github and the Cashshuffle roadmap was discussed in great detail on the r/btc Reddit forum. Privacy concepts on the BCH chain are welcomed by most of the community as a majority of the discussions have shown great interest in bitcoin cash fungibility improvements.

What do you think about the Tokenshuffle idea and the roadmap announced by the Cashshuffle development team? Let us know what you think about these projects in the comments section below.


Images via Shutterstock, Cashshuffle, Twitter, and Github.


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PR: Exosis Launches ICO to Create a Multi Utility Platform

Exosis Launches ICO to Create a Multi Utility Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Exosis is a multi utility blockchain platform with five blockchain sites which include, a decentralized cryptocurrency exchange, a virtual masternode, a decentralized e-commerce site, e- wallet and an OTC platform.

The cryptocurrency industry has been growing exponentially over the past couple of years. Currently, it is maintaining the market capitalization at $250-300 billion. This indicates that it is a market that has investment potential. The Exosis development team has realized that the best way to create a good cryptocurrency platform is by creating a multi-functional platform that has utility. Exosis is a realization of the dream. It features five different platforms in one. It has a decentralized exchange, a decentralized e-commerce site, an OTC platform, a Virtual Masternode, and a multiplatform e-wallet. These five different business models all rely on the Exosis coin. This Gives Exosis coin Utility, unlike most other cryptocurrency platforms.

The only way to succeed in the cryptocurrency industry is by differentiating yourself from competitors. Most of the altcoins are Ethereum-based coins that only offer one of the highlighted Businesses. Unfortunately, this means that investors have to speculate a lot. Such coins are driven more by demand and supply trends making them volatile. Exosis hopes to be different by first relying on its own mainnet. This allows us to control the security and the scalability of the platform truly. Second, having five different Businesses on the same platform provides the Exosis coin with Utility. The coin will be used to pay transaction fees on these five different Sites creating a constant demand for the coin. This will enable the Exosis coin to appreciate. The coin will be less volatile and more lucrative over time making it the perfect coin for Holding. The passive income opportunities for these Businesses will also endear investors Who want-to make a consistent profit on Their investment with relatively low risk.

Exosis ICO has already begun gathering massive attention from private investment groups, individuals and the media in general. Its decentralized exchange will be one of the core components of the Exosis ecosystem. Lately, there has been numerous challenges facing some of the established cryptocurrency exchanges as a result of increasing regulation, security issues and order processing speed. Exosis exchange is a decentralized exchange which means that it is a decentralized market that does not rely on a third party service so as to hold customer funds. The exchange will be completely anonymous and decentralized which means there will be no government involvement.

Aware that not everyone has the hardware or internet connection to run a masternode. Exosis has offered this opportunity to others by creating virtual masternodes that users can run without the hardware. It offers our users a passive income opportunity. The requirements to run a virtual masternode will be only 100 coins. The rewards will be the same as running the core wallet, but the difference is that the duration of staking will be locked. We will offer flexible durations of 1, 3, 6 and 12 months.

Exosis ICO main goal is to support the development of the entire blockchain together with the individual projects. The firm projects to start with an initial 21 million Exo. From this, 2 million coins will be pre-mined. The pre-mined coins will be used in preparation for the main ICO. There will be 10% used for referrals, 10% for bonuses, and 10% for the bounty while the rest will be distributed to the social media, other listings, and marketing. The rest of the ICO funds will be allocated to the following different functions. There will be 50% that will be reserved for market back up. 30% that will be used for promotion and advertisement, while the remaining 20% will be used for development.

The Exosis ICO will sell EXO in exchange for BTC, BCH, DASH, ZEC, and DOGE as payment methods. The sale price of The ICO will be $5 with The Soft Cap at I million EXO while the Hard Cap will be at 2 million EXO. There shall be three bonuses stage with each stage receiving a specific bonus percentage amount. Prime shall be carried out After the end of ICO sale date. The ICO will start on 21st October 2018 and end on 19th November 2018.

For complete information, please visit https://www.exosis.org/

Contact Email Address
aravind@exosis.org

Supporting Link
https://www.exosis.org/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Exosis Launches ICO to Create a Multi Utility Platform appeared first on Bitcoin News.

BCH Devcon Streamlines Bitcoin Innovation in San Francisco

BCH Devcon Streamlines Bitcoin Innovation in San Francisco

Last week, on Oct. 10-11, Bitcoin Cash developers gathered in San Francisco for the first of many BCH Devcons hosted by Bitmain’s blockchain development fund Permissionless Ventures. A slew of teams participated in the three-day hackathon resulting in two big winners who took home 15 BCH worth of winning prizes.

Also read: Russian Crypto Groups in Telegram Increase Membership Despite Ban

Three Days of Bitcoin Cash Development and Innovation

San Francisco hosted the first BCH-centric developer hackathon hosted by Permissionless Ventures. Fifteen teams gathered to the city for the BCH Devcon where it saw software programmers from all around the world build new projects using the Bitcoin Cash protocol. Further, the participants had help from technical advisors stemming from BCH projects such as Bitbox, Coinbase, Money Button, and Bitcoin ABC. Representatives from Bitcoin.com who attended the hackathon said the event was a huge success as many programmers submitted very interesting concepts during the three day run.

BCH Devcon Streamlines Bitcoin Innovation in San Francisco
Fifteen teams competed for prizes by hacking away at BCH code to build killer apps using the protocol.

Some of the projects submitted include a local BCH trading application called Nearby Cash, Pixelwallet, a project that attaches BCH to pictures in a steganographic fashion, Cashygram, a BCH payment tool for Telegram, and a voting protocol called Bitvote that enables anonymous voting using the BCH chain. Other projects included solutions geared towards the Wormhole protocol and smart contract capabilities. The development team ‘Mac & Gs’ created a game based off the Simple Ledger (SLP) token protocol.

BCH Devcon Streamlines Bitcoin Innovation in San Francisco
Mac & Gs team uses SLP in a game. 

A Dish Served With Yenom, Broccoli, and Mac & Gs

The first place winner went to the Japan-based development team, Yenom, who created a Money Button-like application that’s more akin to the Badger Button but without tokens. Yenom also developed a chrome extension that enables micropayments, and an app called ‘Kittyhub’ where you pay $0.05 to remove annoying ads online.

BCH Devcon Streamlines Bitcoin Innovation in San Francisco
The Japan-based Yenom team takes first place at the BCH Devcon winning 10 BCH.

The second place winners went to the creators of the application Broccoli.cash, which enables cheap batched transaction services and invoicing so employers can pay part-time and full-time contractors in bitcoin cash. The ‘Mac & Gs’ crew got an honorable mention for their SLP-powered game protocol.        

After the conference, news.Bitcoin.com spoke with the creator of Bitbox, Gabriel Cardona, a BCH Devcon judge who told us the first event was filled with energy and enthusiasm.  

“The first BCH Devcon is a milestone for our entire industry — The BCH Gang traveled from all over to meet up and show the world what’s possible with Bitcoin Cash,” Cardona explained to news.Bitcoin.com.

The Bitbox developer emphasized further:   

The event was amazing and the judges agree that the quality of submissions was higher than anyone expected — Right now Bitcoin Cash is transitioning between chapters. The work we did during chapter one has set the stage for an explosion of utility and apps as was demonstrated at the BCH Devcon.

BCH Devcon Streamlines Bitcoin Innovation in San Francisco
The Broccoli team took second place with an app that does payroll in BCH.

Members of the team who built the Broccoli.cash project also explained to news.Bitcoin.com that the event was a great success among everyone who attended. Since the upgrade last May, the BCH ecosystem has seen a surge in development and newly created applications. BCH Devcon attendees explained to our newsdesk that events like these help curate an innovative environment that will help bolster the Bitcoin Cash economy.

What do you think about the BCH Devcon series hosted by Permissionless Ventures? Let us know in the comments section below.

Disclaimer: Bitcoin.com was a sponsor of the BCH Devcon in San Francisco.


Images via Gabriel Cardona, Yenom, Broccoli, and the BCH Devcon.


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

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An In-Depth Look at the Keepkey Cryptocurrency Hardware Wallet

Keeping cryptocurrencies safe is a fundamental part of participating in the digital economy, and hardware wallets have become popular security solutions. These days there is a slew of devices on the market, each with its own options and features. One of these is the Keepkey wallet, a product that’s been well received by digital currency investors over the last three years.

Also read: A Review of the Swiss-Made Digital Bitbox Hardware Wallet

The Keepkey Hardware Wallet

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet KeepkeyEarlier this week I took a look at the Keepkey hardware wallet, a device that allows users to store multiple cryptocurrencies in a secure fashion. Keepkey is sold for US$129 per device, which is more expensive than the Ledger Nano, Coolwallet S, and Trezor One. Nevertheless, the small rectangular device is more pleasing to hold and the screen looks very nice when the Keepkey is operating. The case the Keepkey comes in is packaged well and resembles an unopened Apple product. Keepkey, Coolwallet, and the Ledger all have well-packaged boxes compared to the Trezor One packaging.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey’s PIN system is identical to the Trezor entry method. Numbers are displayed on the device and the user has to submit the order on the Keepkey client’s on-screen pin-pad. 

The black Keepkey box is sealed in plastic wrapping and when removed there’s also a piece of tamper-resistant tape holding the box closed. After inspecting the tape and making sure the box has not been opened previously, a knife is needed to cut the tape’s seal. Inside the box is a Keepkey, a 12-word seed card, a USB cord, and some warranty information. The Keepkey has a plastic anti-scratch film laid over the device’s screen and is encased in black foam. Keepkey’s large OLED screen is pleasing to look at and is probably one of the device’s best features. After opening the Keepkey, I headed over to the company’s Getting Started page and downloaded the Keepkey application for Google Chrome. Keepkey only works with Chrome, but it’s the same with most hardware wallets now.

Connecting to Chrome and Initializing the Seed

After installing the application to Chrome, the platform asks you to plug your Keepkey in to get started. Immediately after initiating the Keepkey it required a firmware update and would not start the process of initiating a seed until the firmware was downloaded into the device. Removing the USB cable from my Keepkey was an uncomfortable feeling and it took a bit of force to insert and remove the cord compared to other devices. Ledger Nano is probably the best as far as connecting the cord, with the Trezor One following behind because my Trezor device has always had a weird connection feeling as well. However, after using the USB connection a few times with the Keepkey, connecting was easier and got much more comfortable to insert over time.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Overall the Keepkey user interface is fairly intuitive and easy to navigate.

Moving on, the Keepkey begins by initiating a new device name, seed and PIN. The program makes you double check the PIN twice and then asks you to write down the seed phrase, which is located on the device itself. Unlike other hardware wallets, the Keepkey does not require you to double check the 12-word phrase. After this process, you are granted access to the first account which is dedicated to BTC. In order to add other cryptocurrencies, there is a dropdown menu that allows users to add BCH, DOGE, LTC, ETH, plus a range of ERC20 tokens.

Transactions, Shapeshift, and Comparisons to Other Models

Unlike other hardware wallets, Keepkey needs to be plugged in to view accounts and they can’t be seen when the device is disconnected. After the initial seed had been set up, I created a bitcoin cash (BCH) wallet to send myself some funds. Anytime I test a new wallet I always send a small fraction of crypto just to make sure the application is working properly. The wallet immediately saw the transaction; you can view confirmed and unconfirmed transactions in a separate window that’s tethered to a block explorer.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey transactions can be viewed in a separate window and searched with the platform’s tethered block explorer.

The Keepkey’s interface is fairly intuitive, and you can change things like the PIN or use the wallet’s in-client Shapeshift option within the settings section. Sending and receiving is simple and the actual device itself is used for signing verification, while also showing sending/receiving addresses on the screen as well.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey shows account addresses on the device’s screen.

Following the transaction, I decided to look at the client’s Shapeshift integration. Keepkey is owned by the firm Shapeshift AG and was one of the first hardware wallets to offer trading abilities within the wallet. Recently, however, Shapeshift has changed the platform’s business model to a membership exchange and all Keepkey users have to register using the client.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey users can use Shapeshift in-wallet but have to register for the company’s membership program and verify their identity in order to trade.

The required items needed to use Shapeshift include a verified email and the user must submit a photo ID to trade. All of these tasks can be done through the Keepkey client and a quick email verification. After the account is processed you can trade on the Shapeshift exchange in-wallet using the “quick” or “precise” trading options.

Overall, the Keepkey operates fairly smoothly and I didn’t really have any problems throughout the setup and funding the device. The Keepkey’s user interface is more comfortable to move around and use than the Ledger Nano, and Keepkey operates similarly to the Trezor One. Unlike the Trezor or Ledger, the Keepkey uses one button navigation but still works fluidly with the wallet’s tasks like sending and receiving. The device doesn’t have support for too many cryptocurrencies right now, and other products offer a greater selection. But as far as the coins it does hold, the Keepkey offers an easy to use operating system and is just as secure as its competitors by using similar opsec techniques.

What do you think about the Keepkey hardware wallet? Let us know what you think about this device in the comment section below.

Disclaimer: This editorial should be considered Review or Op-ed material. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Review editorials are intended for informational purposes only. There are multiple security risks and methods that are ultimately made by the decisions of the user. There are various steps mentioned in reviews and guides and some of them are considered optional. Neither Bitcoin.com nor the author is responsible for any losses, mistakes, skipped steps or security measures not taken, as the ultimate decision-making process to do any of these things is solely the reader’s responsibility. For good measure always cross-reference guides with other walkthroughs found online.


Images via Jamie Redman, Keepkey, Shapeshift, and Pixabay. 


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Facebook and Twitter Beware — Censorship-Resistant Social Media Is Here

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Over the past few months, Bitcoin Cash developers have been creating applications that are similar to social media and forum platforms like Reddit, Facebook, and Twitter. Anyone in the world can use these Bitcoin Cash-powered applications such as Memo, Blockpress, Keyport, and Matter which offer censorship-resistant versions of these social media giants.

Also read: Facebook Purge Continues: 559 Pages, 251 Accounts Removed Ahead of US Elections

Onchain Social Media Apps, Forums, and Messenger Services

Censorship on large social media platforms like Facebook and Twitter has been rampant this year. On Oct. 11, news.Bitcoin.com reported on Facebook purging hundreds of pages and profiles that regularly posted about alternative news and libertarian views. The aggressive censorship has caused many people to start searching for more decentralized platforms that allow free speech. What they might not know is that the Bitcoin Cash (BCH) ecosystem already has a few applications that are similar to the dominant online forums and social media platforms. The difference is they are free of censorship and every action is recorded onchain.

Memo.cash

Facebook and Twitter Beware — Censorship Resistant Social Media Is HereMemo.cash is a platform that is comparable to Twitter, but posts cannot be selectively removed by anyone as they are all stored onchain. Memo allows users to post text, animations, pictures, URLs, and videos while also setting a custom profile. Much like Twitter, there is a cap of how many characters can be used per post as Memo only allows 217 characters at a time. A feature that sets Memo apart from Twitter and other social media platforms is the ability to tip posts using BCH. This allows content creators to reap the benefits of their work rather than giant corporate entities.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Memo has been a popular application amongst the BCH community and there have been thousands of onchain posts since the platform launched. For instance, one individual started recording every verse in the King James Bible. One setback for Memo users is because all posts are hashed into the BCH chain using an OP_Return transaction, they cannot be deleted. Memo also offers a community and topic section so users can discuss books, film, news, and even subjects that are considered taboo or politically unacceptable. The application also allows users to follow certain profiles so they can stay up to date with the most interesting people who post on Memo.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Blockpress

Facebook and Twitter Beware — Censorship Resistant Social Media Is HereThe application Blockpress is a mixture of Twitter with a Facebook feel. The customization of Blockpress profiles gives the website a Facebook-like look alongside the application’s user interface. The amount of characters a user can post is limited like Twitter, and just like Memo the Blockpress application only allows 217 characters per post. Blockpress also has a section of communities where people can discuss anarchism, video games, politics, philosophy and whatever else they feel like discussing.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Blockpress also allows native tipping in BCH and content creators can earn tips for popular posts and writings. Similarly to Memo, individuals can follow other Blockpress users, making it easier to follow specific people. Every action on Blockpress is recorded using an OP_Return transaction and the platform cannot delete posts after they have been published. Blockpress fell off the map for a couple months as the creator was going to focus his time on another project, but he has since returned to the platform.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Keyport   

Facebook and Twitter Beware — Censorship Resistant Social Media Is HereKeyport is a messenger service that allows people to connect with friends, family, and coworkers. The Keyport platform is an application that provides users with the ability to send and receive encrypted messages built on top of the BCH chain. Essentially all messages are hashed into the BCH chain using an OP_Return transaction but they are encrypted. Only the recipient can decrypt the message, making the messaging service difficult to censor. The Keyport developers, Atlantislabs, explain that each message you encrypt or decrypt requires a small amount of BCH dust plus the miner fee.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Matter

Facebook and Twitter Beware — Censorship Resistant Social Media Is HereIf people don’t want to be limited to 217 characters then they could opt to use the BCH-centric Matter platform. Matter allows users to post threads written in long form and posts can be formatted with images and things like bold and italic. Matter also has native tipping abilities and uses the BCH chain’s OP_Return capabilities as well. The same immutability problem exists with Matter, and the creators ask you to check a box that explains you are aware that all posts are permanently stored on the Bitcoin Cash blockchain. The decentralized blogging platform’s creators recently added the ability to reply to posts and users can tip the replies too. There are not as many users on Matter as there are on Blockpress and Memo, but the ability to write in long form with full markdown syntax support is a plus.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Mass Exodus From Centralized Social Media Giants Will Take Some Time

It’s going to take a lot of time for people to flock towards decentralized social media applications and forums. The permanence of posts may also be an issue for some people, but that is part of the give and take involved with these censorship-resistant platforms. After a post is published, no matter how many people don’t like it they cannot remove the post from the BCH chain and the same applies to the content creators themselves. Users do need a bitcoin cash wallet and a little BCH to use these platforms, as each action costs a very small amount of BCH. As long as social media giants like Facebook continue to remove political dissenters and content they don’t approve of on a whim, more people will search for platforms without prohibition.

Have you tried any of the new Bitcoin Cash-powered social media, forum, and messaging applications yet? Let us know what you think about these platforms in the comment section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies/products or any of its affiliates or services. The author and Bitcoin.com are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.  


Images via Shutterstock, Jamie Redman, Matter, Memo, Keyport, and Blockpress.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Facebook and Twitter Beware — Censorship-Resistant Social Media Is Here appeared first on Bitcoin News.

Markets Update: Heavy Selling Across Leading Markets, ZRX Rallies

Markets Update: Heavy Selling Across Leading Markets, ZRX Rallies

The cryptocurrency markets appear to be consolidating following the significant sell-off that transpired on Thursday. The event saw BTC produce the largest percentage red daily candle posted since Sep. 5, driving losses across most major markets. ZRX was the most notable exception to the bearish price action that erupted through most cryptocurrencies, rallying significantly following the announcement that Coinbase Pro would be launching three ZRX pairings.

Also Read: Win $100 of Bitcoin Cash in Bitcoin.com’s Paper Wallet Design Contest

BTC Consolidates Within Triangle as Inter-Exchange Spreads Extend

BTC experienced a sharp sell-off yesterday, shedding nearly 6% against the dollar in little over an hour as it fell from roughly $6,630 to $6,250 on Bitfinex, and 7.35% as the market fell from $6,530 to a low of $6,030 on Bitstamp.

BTC/USD – Bitfinex – 1H

Despite the bearish move, the range of price action for BTC continues to consolidate and tighten within a long-term triangle formation, with many traders anxiously awaiting a significant move to break the triangle and establish a short-term direction for price action.

As of this writing, there is a significant spread in the price of BTC across various exchanges, with BTC trading for $6,330 on Bitfinex, $6,223 on Bitstamp, and $6,278 on Binance.

BCH Drops by 16%

BCH lost approximately 16% of its value when measured against the dollar yesterday, falling from $516 to $434 on Bitfinex, and from $510 to $428 on Bitstamp.

BCH/USD – Bitstamp – 1H

As with BTC, BCH is trading for a roughly 1% premium on Bitfinex. However, the majority of leading BCH markets by volume appear to be in unison, with BCH for approximately $451 on Bitfinex, and $446 to $447 across most leading exchanges as of this writing.

When measuring against BTC, BCH fell by 11% yesterday, dropping from 0.08 BTC to 0.0692 on Bitfinex. As of this writing, BCH is trading for 0.07115 BTC.

BCH/BTC – Bitfinex – 1H

ETH Slips Below $200, XRP Bounces Strongly

ETH lost more than 15% against the dollar yesterday, slipping from $226 to approximately $190 on Bitfinex, and is now trading for around $195.

ETH/USD – Bitstamp – 1H

When measuring against BTC, ETH lost approximately 10% as it fell from 0.034 BTC to 0.03. As of this writing, ETH is trading for approximately 0.0315 BTC.

ETH/BTC – Bitfinex – 1H

XRP suffered a loss of roughly 18% as it fell from $0.466 to $0.0383 on Bitfinex yesterday, before posting one of the stronger bounces of the major crypto markets today. XRP is currently trading at roughly 0.435% – approximately 12% higher than yesterday’s closing price, after retracing from its intraday high of almost $0.45.

XRP/USD – Bitfinex – 1H

XRP/BTC fell by roughly 12% yesterday, slipping from 0.00007 BTC to 0.000061 BTC. Despite the significant drop, XRP/BTC produced a significant recovery today as it rallied back to 0.00007 BTC, before retracing to its current price of roughly 0.000068 BTC.

XRP/BTC – Bitfinex – 1H

ZRX Rallies On Coinbase Pro Listing

Whilst most market suffered heavy losses yesterday, ZRX closed 2.7% above yesterday’s opening price of $0.76 after rallying on the news of Coinbase Pro listing USD, EUR, and BTC pairings.

Initially, ZRX fell by 15% from $0.765 to $0.646 in two hours yesterday, before news of the Coinbase Pro listing broke. The markets quickly recovered to the day’s opening price, before rallying as high as $0.9 on Bitfinex – roughly 17.5% higher than yesterday’s opening price. As of this writing, ZRX is trading for $0.79.

ZRX/USD – Bitfinex – 1H

When measuring against BTC, ZRX opened yesterday’s trading at 0.000114 BTC, before falling 8.5% to set an intraday low of 0.000104. ZRX then rallied to post an intraday high of 0.000144 BTC 26% higher than the day’s opening price, before closing the day up 8% at 0.000123 BTC. As of this writing, ZRX is trading for 0.0001255 BTC.

ZRX/BTC – Bitfinex – 1H

Do you think we will see a break down or a breakout when BTC exits its triangle? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Tradingview


Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

The post Markets Update: Heavy Selling Across Leading Markets, ZRX Rallies appeared first on Bitcoin News.

Win $100 of Bitcoin Cash in Bitcoin.com’s Paper Wallet Design Contest

Bitcoin.com's Paper Wallet Design Contest — Win $100 in Bitcoin Cash

Over the next few weeks, Bitcoin.com is hosting a paper wallet design contest to create a beautiful cold storage visual graphic for bitcoin enthusiasts around the world. The competition is open to everyone and the winning entry will receive $100 worth of bitcoin cash.

Also Read: Bitcoin.com Store Adds More Hot New Items and Amazon Gift Cards

Create a Unique Bitcoin.com
Paper Wallet Design to Win Bitcoin Cash

Just recently, Bitcoin.com launched its newly revamped paper wallet generator, so bitcoin cash (BCH) supporters can utilize a classic cold storage solution and print out BCH for friends and family. Paper wallets are just like traditional bearer bond instruments (paper bills) and they can be exchanged anonymously offchain. The paper wallet generation process is very easy and people can print out as many as they want — they can even add funds to their wallets after creating them.

Bitcoin.com's Paper Wallet Design Contest — Win $100 in Bitcoin CashThe graphics team at Bitcoin.com has created a new paper wallet design that looks pretty sharp, but we thought it would also be cool to let BCH users submit their own artwork. Plus, contests are a great way to show community-driven spirit, as we know that BCH fans are particularly passionate.

Bitcoin.com's Paper Wallet Design Contest — Win $100 in Bitcoin Cash
Participate in the design competition by downloading paper wallet templates here.

Wanted: Passionate, Creative Bitcoiners

The winner will receive some BCH to spend, and their winning submission will also be displayed on our website, which gets millions of unique visitors every month. People will be able to use your custom design when they load up bitcoin cash on BCH bills for their friends this holiday season.

Bitcoin.com's Paper Wallet Design Contest — Win $100 in Bitcoin Cash
The winning entry will get $100 worth of BCH and their design will be displayed on Bitcoin.com.

Paper wallets are a convenient way to store BCH and a personalized design looks even better. You can submit up to three different designs prior to the deadline on Nov. 1, 2018. Bitcoin.com will select and notify the winner on Nov. 5, 2018. Participants don’t have to be Photoshop masters to enter the competition, as we’re looking for passionate enthusiasm. So if you want to win $100 worth of BCH and show your artwork to millions of people, then send in your designs as .png files to papercontest@bitcoin.com.

Visit this link for more information on the official contest rules. 

Have you tried Bitcoin.com’s paper wallet generator? Let us know what you think about our paper storage solution in the comment section below.


Images via Shutterstock, Bitcoin.com, and Pixabay.


Why not keep track of the price with one of Bitcoin.com’s widget services.

The post Win $100 of Bitcoin Cash in Bitcoin.com’s Paper Wallet Design Contest appeared first on Bitcoin News.

SV Pool Mines Its First Block as November’s Bitcoin Cash Fork Approaches

SV-Pool Mines It's First Block as November's Bitcoin Cash Fork Approaches

On Wednesday, Oct. 10, the mining operation SV Pool mined its first Bitcoin Cash block. The pool operators led by the blockchain firms Nchain and Coingeek say that hundreds of miners from all around the world have signed up to mine with the pool.     

Also Read: Zigzag Platform Provides Bitcoin Cash Swaps Over the Lightning Network

Bitcoin SV Pool Makes a Move On the Scaling Chess Board

SV-Pool Mines It's First Block as November's Bitcoin Cash Fork ApproachesThere’s a little more than a month left until the Bitcoin Cash (BCH) network upgrade scheduled for November 15. To this day there is still a disagreement between the Bitcoin ABC developers and the team behind Bitcoin SV, the new full node software created by Nchain that has an entirely different upgrade plan. At approximately 10:12 a.m. EDT on Oct. 10, the mining operation SV Pool mined its first BCH block at height 55185. Coingeek and Nchain claim that hundreds of miners are registering for the pool and 233 miners have pre-registered in September. Public registration for the pool will begin in mid-October and the operation plans to add pay-per-share plus (PPS+) payouts alongside the pool’s current pay-per-last-N-shares (PPLNS) plans.

Over the last few weeks, the BCH community has been talking about ‘hash wars’ and solving things with Nakamoto consensus. Lots of people believe that a ‘hash war’ will be sparked between miners who support Bitcoin ABC with miners who support the SV client. Others think there really isn’t much of a divergence within the community and there likely won’t be a split. On Oct. 9 the Coingeek columnist Erik Gibbs claimed Bitcoin ABC developers don’t believe in Nakamoto consensus. Gibbs also wrote that the recent debate has led to some people saying the November hard fork could result in a split.   

“But there is a minority of individuals who are apparently pushing for it to happen,” the Coingeek writer explained. “One of these is Bitcoin ABC — The development team has repeatedly spoken out against several advances that are being added to Bitcoin BCH, including the Nakamoto Consensus.”

The Question Remains: Increase the Limit Now or Optimize Before Raising the Limit?

The Bitcoin ABC development team and volunteers appeared in a video on Oct. 4, answering all kinds of questions concerning some of the roadmap’s upgrades. During one of the questions, the ABC developers were asked why Bitcoin SV programmers disliked canonical transaction ordering (CTOR). The Bitcoin Cash miner and programmer Jonathan Toomim answered the question by claiming that the Bitcoin SV camp is wrong about CTOR.

“Bitcoin SV believes that CTOR is wrong and that we shouldn’t do it — They are wrong about that because CTOR is great and awesome and it will help Bitcoin scale,” Toomim details. “Bitcoin SV has this very interesting idea but interesting in not so good of a way. They want to increase the block size limit while simultaneously getting rid of the features that will help us achieve the block size limit or a higher capacity in a safe fashion.”

SV-Pool Mines It's First Block as November's Bitcoin Cash Fork Approaches
Q&A with Bitcoin ABC developers and other contributors.

Hash Wars and Two Hard Fork Rule Sets Colliding

Toomim also adds that he doesn’t have any sympathy for the Bitcoin SV perspective at all. The developer says that CTOR helps improve block propagation and with the Graphene protocol added it could create a huge difference in optimization performance. Further, Bitcoin ABC developer Jason Cox detailed how the failure rate for compact blocks gets more excessive when huge blocks are processed. At the very end of the video, Toomin emphasizes that a ‘hash war’ is the wrong way to find a resolution to this disagreement.

“You can’t use a hash war to resolve this issue — If you have different hard forking rule sets you are going to have a persistent chain split no matter what the hash rate distribution is,” Toomin adds.  

Overall the biggest disagreement between both camps is the method by which BCH can achieve scaling massive sized blocks. The Bitcoin SV team wants to upgrade the block size limit to 128 MB this November and continue increasing the limit over time. Bitcoin ABC believes the chain won’t be capable of handling these large block sizes without adding things like CTOR beforehand. The disagreement has led to certain members of the community choosing sides, while some remain neutral and wait to see if a ‘hash war’ will really come to fruition.

Feel like you missed something? For a brief history concerning BCH consensus changes planned for Nov. 15, 2018, check out these reports below:

What do you think about the upcoming Nov. 15 hard fork? Do you think a ‘hash war’ will take place? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Youtube, and SV-Pool.


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The post SV Pool Mines Its First Block as November’s Bitcoin Cash Fork Approaches appeared first on Bitcoin News.

Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning Network

Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning Network

There’s a new exchange system under development called Zigzag.io, an app that allows users to swap bitcoin core for other digital assets like bitcoin cash, dash, and ethereum over the Lightning Network. The beta application is currently available to test cryptocurrency trades as the project launched on the main-network during the first week of September.

Also Read: Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype

Lightning Network Trading

Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning NetworkOver the last few years, cryptocurrency enthusiasts have been searching for different types of exchange solutions. A new platform launched by Zigzag.io provides a digital currency trading system that utilizes the Lightning Network (LN) for exchanges. The open source project enables users to swap coins by making a payment with any LN wallet to the exchange similarly to the way Shapeshift works. The Zigzag exchange only needs two cryptocurrency addresses to complete the process, and it doesn’t require any KYC data. 

Although, in order to use the Zigzag exchange, users need to send coins with the LN enabled wallets like Zap, Eclair, Lightning, or Htlc.me clients. The beta version only allows a maximum exchange of US$100 per trader for now. Additionally, since the application is in beta if something goes wrong the team has created a refund system. In the future, the team plans on designing a custodial wallet service where people can deposit BTC, BCH, DASH, ETH, and LTC and trade without having any prior LN knowledge.

“We highly appreciate the work of Lightning Network community. But there are still people out there for whom Lightning Network is hard to use, we think to introduce more people to Lightning there has to be a way to try it free of any technical expertise,” the developer’s blog states.

Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning Network
The Zigzag exchange user interface.

Another Lightning Exchange Service on the Horizon

After the software’s first week of launch, the developers said they got a lot of feedback and feature requests from the community. Since then, Zigzag programmers have added reverse exchanges to the application. Two other requests they have not implemented yet was adding new trading assets and lifting the exchange cap of $100.

Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning Network
Zigzag shows the latest swaps.

The team says they do plan to add more coins in the future, but it is not a primary focus. The move to lift the $100 trading cap is a bit trickier due to the maturity of the Lightning Network, the Zigzag team emphasized.

“This is a tricky question as Lightning Network is still in beta, we’re also still in beta, we also need to clarify legal part of our service, so for now we’re keeping limits low,” says the Zigzag team.

There’s been a slew of new trading platforms launching recently and testing out different trading techniques. Moreover, lots of cryptocurrency enthusiasts are in search of trading platforms that don’t use KYC. There’s also another open source Lightning Network exchange called Sparkswap that provides traders with the ability to exchange cryptocurrencies using LN technology and atomic cross-chain swaps. The Zigzag exchange and Sparkswap platform announced their platforms around the same time. Zigzag was developed by Andrey Samokhvalov, and Denis Khvostov and the application’s users can give the exchange operators feedback using the developer Slack channel.

What do you think about the Zigzag Lightning Network trading platform? Let us know what you think about this technology in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company/product or any of its affiliates or services. The author and Bitcoin.com are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.  


Images via Shutterstock, and Zigzag.io


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The post Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning Network appeared first on Bitcoin News.

The Daily: Circle Launches New Research Portal and Trading Apps

The Daily: Circle Launches New Research Portal and Trading Apps

Some editions of The Daily are so overflowing with news there simply isn’t time for a cleverly worded introduction. So without further ado, here’s what’s coming up in this installment: Circle has launched a string of new initiatives, including a research portal and the Poloniex mobile app, Roger Ver’s comments about a BCH-powered Bitcoin.com crypto exchange have been doing the rounds, the International Monetary Fund (IMF) is talking gloomily about cryptocurrency (again) and two masternode projects have major developments to share. Let’s do this.

Also read: Korean Crypto Exchange Sued for Controversial Token Schemes

Circle Launches Research Portal and
Enhanced Poloniex Apps

On Tuesday, Circle revealed a slew of initiatives it’s been working on. The payment processor-turned-cryptocurrency incubator has launched Circle Research, a service dedicated to original analysis on all things crypto. In this respect they’re following the lead of Bitmex, whose research offshoot has proven to be hugely influential. “In crypto markets, reliable information is difficult to come by,” explained Circle in a blog post.

“We at Circle Research want to provide you with the right information so you don’t have to put in the hours of legwork of separating fact from fiction … Our easily readable yet in-depth primers outline key details, features, risks, and challenges associated with individual crypto assets.”

The quality of research within the crypto space has improved significantly within the last 12 months, much of it delivered in the form of email newsletters. Diar’s weekly dispatches have become essential reading for many cryptocurrency enthusiasts. Last week, their head analyst, Larry Cermak, left to take up a similar position at The Block.

The Daily: Circle Launches New Research Portal and Trading Apps
The new Poloniex mobile app.

On Tuesday, Circle also shared details of new mobile iOS and Android mobile apps for the Poloniex exchange. The improved app “includes a better mobile-based identity, verification and login process” and is available in nine languages. In the same update, Circle shared some of the progress it’s made since taking over at Poloniex. This includes reducing the backlog of support tickets by 97%, freeing $12 million in trapped funds and returning them to customer wallets.

Roger Ver’s Exchange Proposal Attracts Attention

Bitcoin Cash Stress Test Goes Beyond 24-Hours Setting New RecordsIn other exchange news, Bitcoin.com CEO Roger Ver’s idea of launching a BCH-powered platform has attracted comment. Bloomberg shared extracts from an interview Ver gave while in Malta mulling the possible options for such a venture, with bitcoin cash as the base currency. Other media outlets have also picked up on the story, noting the bitcoin evangelist’s intention of driving traffic via the high number of cryptocurrency enthusiasts who frequent Bitcoin.com. A number of exchanges offer BCH trading pairs, though to date Voltaire.cash is the only one to use bitcoin cash as its base currency by default.

Remme and Horizen Implement Major Upgrades

Remme and Horizen are two separate cryptocurrency projects that share one thing in common: masternodes. Both have announced major initiatives this week, led by distributed public key infrastructure (PKI) protocol Remme, which has started accepting applications for it masternode program. Masternodes will provide consistency and fault tolerance on Remme’s custom public blockchain, as well as signing transactions for certificate issuance and revocation. Remme aims to steer businesses away from using passwords in favor of PKI certificates. Their quest has been significantly aided by scare stories about weak passwords regularly appearing in the mainstream media.

Horizen, meanwhile, will be deprecating its old software today, Oct. 10, and has urged miners, node operators, exchanges and swing wallet users to upgrade now. The main change introduced is an update to the bitcoin core consensus algorithm that the Proof-of-Work cryptocurrency had been using. Horizen, then operating under the name of Zencash, was 51% attacked earlier this year and the new consensus change has been designed to prevent a repeat incident.

The Daily: Circle Launches New Research Portal and Trading Apps

IMF Issues Stark Warnings Over Cryptocurrency

The IMF is known for its adversarial stance to cryptocurrencies. This is to be expected on account of it being deeply embedded with world banks and the legacy financial system they control. The IMF remains an influential organization, however, and its latest World Economic Outlook report, published on Tuesday, contains stern comments on crypto:


Cybersecurity breaches and cyber attacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services. Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system.

It is unclear how cryptocurrencies would create any sort of systemic risk, unless legacy financial companies were to introduce them and fail to adopt suitably robust custody procedures. Should cryptos infiltrate world banks and trading houses on a grand scale, however, the greatest risk may be to the IMF itself and the inflationary fiat currencies it has supported since 1945.

What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below.


Images courtesy of Shutterstock.


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The post The Daily: Circle Launches New Research Portal and Trading Apps appeared first on Bitcoin News.

First Major Bitcoin Cash ICO Raises $30M in Record Time

First Major Bitcoin Cash ICO Raises $30M in Record Time

On Oct. 8, 2018, the blockchain firm and mining pool Viabtc finished the first high-value initial coin offering (ICO) using the Wormhole protocol and Bitcoin Cash chain. According to exchange data, the Viabtc Token ICO raised US$3,700 per second capturing a total of $30 million in 2.2 hours.

Also Read: Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype

Viabtc Launches Token Sale and Distribution Phases

First Major Bitcoin Cash ICO Raises $30M in Record TimeThe firm Viabtc had recently launched a new token called the Viabtc Token (VIAT) using the Wormhole protocol. The company refers to viat as a value-added service and privilege token that can be used as “gas” or a method of value transfer. When viat was issued on the Wormhole network a fixed supply of 2 billion tokens was set by the developers. On Monday Viabtc raised $30 million during the first major ICO issued on top of the Bitcoin Cash blockchain. Then on Oct. 9, Coinex users who trade the viat token will receive an airdrop from the firm’s stash of CET tokens.

First Major Bitcoin Cash ICO Raises $30M in Record Time
According to the Coinex accelerator page, the Viabtc Token ICO sold 750M VIAT raising US$30M on Oct. 8, 2018.

Viat will be used for a process called ‘Duo mining’ which gives miners normal pool payouts but also an added payout of viat as well. The viat mining payouts will be released in four phases and will give miners extra incentives to join the pool. The mining pool says that users can invite friends to mine with Viabtc and with a referral link they can receive more payout rewards. Viat owners can also use the currency for discounts toward pool fees and “exclusive customer support.” The tokens will be able to purchase mining accessories, Viabtc souvenirs, and the company’s BTC transaction accelerator.

“[The] Viabtc Token can be used as ‘gas’ and value transfer tool,” explains the mining pool. “We will add more application and privileges to it so that its holders can participate in the planning of Viabtc operations, building and improving Viabtc ecosystem together with the Viabtc team.”

First Major Bitcoin Cash ICO Raises $30M in Record Time
The Viabtc Token can be found on a token-supporting block explorer.

Crypto-Companies Launching Incentive Tokens for Service Discounts Is Trending

Besides trading, viat will solely be used for Viabtc services only in order to bolster the firm within the blockchain industry. The Viabtc Token project is lead by the mining pool’s founder Haipo Yang, and the firm’s COO Huimin Ouyang. Viat will also be subject to a repurchasing plan and a burning process according to the viat ICO’s whitepaper.

“Viabtc will buy back and ‘burn’ viat with 20% of its quarterly revenue at the end of each quarter — This will reduce the total amount of viat steadily on a benign deflation model,” the whitepaper details.

Viabtc adds:   

The repurchase details will be announced timely and the ‘burning’ transactions are available for checking on the blockchain to ensure transparency.

Cryptocurrency companies who have created incentive-based tokens for certain services and privileges have done well over the last year. For instance, the trading platform Binance and it’s BNB token has managed to position itself at the top 14 highest market valuation out of 2,000+ digital currencies.

First Major Bitcoin Cash ICO Raises $30M in Record Time
VIAT is available for trade with the following trading pairs; USDT, BCH, CET, and BTC.

Viabtc’s exchange Coinex and its CET token also use these coins for incentives and CET is currently worth around $0.03. According to the trading platform’s data this Tuesday, viat is trading for $0.04 per coin and has over a million USDT in trade volume.

What do you think about the Viabtc Token (VIAT)? Do you think there will be more big ICOs using the Bitcoin Cash network? Let us know what you think in the comments section below.


Images via Shutterstock, Viabtc, and Coinex. 


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

The post First Major Bitcoin Cash ICO Raises $30M in Record Time appeared first on Bitcoin News.

Cashtippr Plugin Allows Money Button Integration on WordPress Sites

Cashtippr Plugin Allows Money Button Integration With Wordpress Sites

On Sept. 13, a new application called the Money Button launched, giving content creators the ability to embed bitcoin cash (BCH) payment buttons into websites. Not long after the release, a developer named Ekliptor published Cashtippr, a plugin that integrates the Money Button into WordPress-themed websites, so content creators can earn BCH tips.

Also Read: Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype

A Revenue Incentive for Content Creators

A few weeks ago, news.Bitcoin.com tested the Money Button, but at the time there wasn’t a WordPress plugin available. Then soon after the Money Button launch, Ekliptor released the third-party Cashtippr application, which enables Money Button compatibility with the popular blog hosting service WordPress.

Cashtippr Plugin Allows Money Button Integration With WordPress Sites
An example of the Money Button on a WordPress site. It has a few customizable options to choose from before embedding.

Cashtippr is an open source plugin for WordPress-themed sites that have the ability to integrate software modules created by third-party developers. Content creators can install the Cashtippr plugin to receive BCH tips or charge money for hidden or paid content. For instance, if an individual runs a website devoted to their art, they can add a Money Button to the site and collect tips from people who appreciate their work. Additionally, the plugin doesn’t require any coding skills to set up and it can be installed through the WordPress plugin store or the cashtippr.zip file on the Cashtippr project’s website.

Cashtippr Plugin Allows Money Button Integration With WordPress Sites
The Cashtippr console.

A Range of Different Use Cases

After installing the plugin, users can simply add their BCH addresses in the WordPress admin-panel. Tip buttons can be added to front pages or posts by adding a shortcode: [tippr_button]. If the content creator wants to create a hidden paid content page they can just type: [tippr_hide]your hidden text[/tippr_hide]. The two features only represent the very basics of Cashtippr, but they have a wide variety of use cases, such as selling digital media and unlocking blurry photos or secret video content.

The Cashtippr plugin offers a number of options and advanced settings.

Cashtippr also includes advanced features that allow WordPress website owners to set limits on how many hidden posts new users can view by using cookies. They can set a range of full access passes to specific hidden content, or set up a “donations goals” button. Hidden content can also have expiry times for when the posts age and readers can then view them for free. Users can embed a link to a bitcoin cash faucet on the bottom of the page or show hidden content to search engines.

The Cashtippr WordPress plugin is free and the receiving address can be set to any wallet, but people who want to pay with the Money Button need to register. In the future, the Money Button creators may charge a fee for high-traffic publications and popular applications.

In order to enable Cashtippr and the Money Button in Safari, the privacy settings have to be configured in iOS or desktop browsers.

Safari users will initially have a problem using the Money Button and the Cashtippr plugin due to Apple’s privacy guidelines. However, if they disable the “Prevent Cross-Site Tracking” option on iOS, the Money Button can then be used in the Safari mobile browser. Safari desktop users will have to use the “Preferences’” option in the browser and navigate to the “Privacy” section. From there, they can disable the “Prevent Cross-Site Tracking” software, so the Money Button is available to use.

What do you think about the Cashtippr plugin? Let us know your thoughts about this subject in the comment section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company/product or any of its affiliates or services. The author and Bitcoin.com are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock, Cashtippr, and the Money Button.


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The post Cashtippr Plugin Allows Money Button Integration on WordPress Sites appeared first on Bitcoin News.

Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype

Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype

On Monday, Oct. 8, Jonald Fyookball, the lead developer of the bitcoin cash-centric light wallet Electron Cash, revealed he has developed a crowdfunding module for the Electron Cash wallet. The feature allows anyone to raise funds from within the Electron Cash wallet through a process that uses the Bitcoin protocol’s Sighash flag.

Also Read: Rapper Soulja Boy Releases New Single Titled ‘Bitcoin’

Electron Cash Developers Contemplate Fundraising With Bitcoin Cash Sighash Flags

Electron Cash Developer Reveals In-Wallet BCH Fundraiser PrototypeThe Bitcoin Cash (BCH) developer Jonald Fyookball and the Electron Cash development team have been adding a lot of features to the wallet recently. A few weeks ago news.Bitcoin.com reported on the Electron Cash integration with the Simple Ledger Protocol (SLP); a feature that allows wallet users to create BCH-based tokens. Then on Sept. 27, the programmers released improvements to the privacy-centric coin tumbler, Cashshuffle.

On Monday, Oct. 8, 2018, Fyookball announced he has developed a proof-of-concept crowdfunding module for the Electron Cash wallet. The software uses the Bitcoin network’s Sighash_All flag process, which enables people to donate fractions of BCH, and none of the transaction inputs will validate until the fundraising goal is met.

Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype
A few screenshots of the wallet’s new context menu from the UTXO (Coins) tab where you can select a coin to create an Any-One-Can-Pay input.

“Bitcoin gives you the ability to do a crowdfunding type transaction through the All/Anyone-Can-Pay Sighash flag,” explains Fyookball on the social media platform Yours.org. “This means a bunch of different people can sign only their own input but for the same transaction output — For example, let’s say I want to fund raise 100 BCH for a project. Individuals can donate 1 BCH, 2 BCH, 0.4 BCH, whatever they wish. None of the inputs will be valid unless the entire 100 BCH is raised,” the Electron Cash developer adds.

Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype

Fyookball: ‘The Electron Cash Fundraising Proof-of-Concept Needs to be Cleaned Up and Tested Thoroughly’

Fyookball says the Lighthouse.cash project basically performs the same way, but he thought adding the feature to the Electron Cash wallet would be beneficial. At the moment the concept still needs a lot of work Fyookball details. The feature will be added to the light wallet as soon as the programmer is happy with the polished code and application’s usability. Fyookball also explains that there “needs to be a means of communication and coordination between users to post the projects, and collect donations.”

“So far the wallet has a new context menu from the UTXO (Coins) tab where you can select a coin to create an Anyone-Can-Pay input from — As well as a tool to create a fully assembled transaction from the inputs,” Fyookball states.

Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype
Like the Lighthouse.cash project, the fundraising transactions don’t fully validate until the crowdfunding goal is met.

In addition to the crowdfunding feature, the Electron Cash developers have been steadily working on the Cashshuffle wallet plug-in as well. Cashshuffle allows BCH users to tumble coins together with other BCH users in order to obfuscate where the original transactions stemmed from. The team of programmers added Cashshuffle version 0.5.0 to Electron Cash, which includes multiple input support added and improved client-server messaging.

What do you think about the Electron Cash wallet adding the ability to crowdfund projects within the wallet? Let us know what you think about this project in the comment section below.


Images via Shutterstock, Electron Cash, and Jonald Fyookball’s Yours.org post


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com. 

The post Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype appeared first on Bitcoin News.

Northern Bitcoin, Rawpool Sign Wallet and Mining Deal

Bitcoin Cash Miner Rawpool Agrees Wallet, Mining Deal With German's Northern Bitcoin

Germany’s Northern Bitcoin AG (MUN:NB2) has agreed to offer Bpal Wallet, a wallet and payments app created by China-based Rawpool Group, in the European market. The agreement between the Munich-listed company and the bitcoin cash (BCH) miner, effective from today, also covers mining operations and cryptocurrency exchanges. Shares of Frankfurt-based Northern Bitcoin AG rose 2.8 percent on the news.

Also read: Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

Northern Bitcoin to Offer Bpal Wallet in EU,
Expand Mining Operations

Northern Bitcoin CEO Mathis Schultz said Bpal Wallet — a digital application that stores, receives and dispatches cryptocurrencies — will be launched in the 28 countries of the European Union in the coming months.

Bitcoin Cash Miner Rawpool Agrees Wallet, Mining Deal With German's Northern Bitcoin

Schultz said that with Bpal Wallet, Northern Bitcoin will enter into cryptocurrency-related agreements with financial institutions such as banks and stock exchanges throughout the world. The wallet supports both BCH and bitcoin core (BTC).

In the mining sphere, German’s only publicly traded cryptocurrency company — currently valued at $152.6 million — will leverage Rawpool’s dominance in the mining of digital coins, particularly BCH, to gain access to low-cost mining hardware, Schultz said. Rawpool’s mining operations account for about one-third of all BCH-mined blocks in the world, the biggest of any mining pool.

Northern Bitcoin plans to use the deal to expand its mining operations in Norway via negotiated lower energy costs. The company will also diversify its business, which has been mining-oriented until now, by setting up multiple digital currency exchanges across Europe, in cooperation with Bi.top Exchanges, a unit of Crowdfund Group Inc., the U.S. owners of Rawpool.

Bitcoin Cash Miner Rawpool Agrees Wallet, Mining Deal With German's Northern Bitcoin
Mr Schultz

“The strategic collaboration with Rawpool takes Northern Bitcoin into a whole new dimension,” Schultz said in an online statement.

“It is great evidence of the impressive growth momentum that we, as the world’s leading sustainable bitcoin mining company, have developed successfully in the shortest possible time.”

Northern Bitcoin Shares Rise
After Deal Announcement

Northern Bitcoin, formerly Biosilu-Healthcare AG, runs its mining rigs in Norway, which the company claims are 100%-powered by renewable energy from hydro and wind power facilities. The network is designed to allow its users to contribute to the mining of cryptocurrencies, with the rewards split among the contributors.

Bitcoin Cash Miner Rawpool Agrees Wallet, Mining Deal With German's Northern Bitcoin
A Northern Bitcoin rig in Norway.

The German miner reported a $1.72 million net loss in the six months to June 2018. Last week, it listed its shares on M:Access, a secondary market for medium-size enterprises on the Munich Stock Exchange. Previously, the company had traded on the Munich exchange’s over-the-counter market, which is a rung below its current listing.

Shares of Northern Bitcoin rose just under 3 percent to $20.52 on the Munich exchange after the deal was announced. Over the past 52 weeks, the stock has reached a high of $58 and a low of $1.

Rawpool Dominates Bitcoin Cash Mining

“With Northern Bitcoin, we have found the perfect partner to introduce our rapidly-growing activities to the European market,” said David Li, founder and chief executive of Rawpool Group. “We see our agreement as the start of a great partnership and are aware that we can dominate the market with combined forces.”

In September, Rawpool became the world’s biggest miner of BCH, overtaking mining pools such as Coingeek, BMG Pool and Antpool. Li said at the time that his focus was on testing the bigger blocks offered on the BCH blockchain, but not for the BTC blockchain. “There’s lots of things to do besides the price of coins,” he said.

What do you think about Rawpool dominating the mining of BCH? Let us know in the comments section below.


Images courtesy of Shutterstock, Bpal and Northern Bitcoin


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The post Northern Bitcoin, Rawpool Sign Wallet and Mining Deal appeared first on Bitcoin News.

Brewdog Brand Welcomes Bitcoin Cash

Brewdog Brand Welcomes Bitcoin Cash

One of Britain’s best known breweries is welcoming Bitcoin Cashers to its new bar. Scottish firm Brewdog, which boasts of making “beer for punks”, will be giving away £3,000 (US $4,000) at the opening of its Canary Wharf bar on October 19. The bar will be accepting BCH (and BTC) as payment, funded with the aid of the Bitcoin.com wallet, and is considering accepting BCH at all 38 of its UK bars.

Also read: Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash

Brewdog Embraces the Shape of Cash to Come

Brewdog Brand Welcomes Bitcoin Cash to Its Flagship London Bar“Over recent years a band of dedicated people have challenged the mainstream and worked from their homes to craft a new way of doing things,” wrote Brewdog. It is speaking both of its own humble origins, from a small town in the north-east of Scotland to a billion-dollar company in under a decade, and to Bitcoin’s own success story, which occurred over the same period. “If you embrace change to deliver a new normal we are in your corner,” they continued, “whether your weapons of choice are malt, hops, yeast and water or blockchain. All are harnessed to deliver an alternative to the status quo. And you will be able to embrace that alternative at our newest UK Brewdog bar.”

Since starting life as a brewery, Brewdog has diversified and now operates a string of breweries on every major continent. Its latest offering, situated on the waterfront in London’s business heartland, will be its 38th in the UK alone and its seventh in London. When the Canary Wharf bar opens at 12pm on Friday, Oct. 19, the first 100 patrons will be treated to a bitcoin cash wallet containing anywhere between £12 and £100. They explained: “At Brewdog we have worked our entire lives to challenge perceptions and be bold and uncompromising; the developers and miners of cryptocurrency are exactly the same.” It continued:

Adopting alternative payment options for craft beer is a natural fit. And what better place to start subverting the norm in financial transactions than the heart of London’s financial docklands?

Brewdog Brand Welcomes Bitcoin Cash to Its Flagship London Bar
One of Brewdog’s UK bars.

Beer and Crypto: The Perfect Pairing

When Brewdog was born, its founders, James Watt and Martin Dickie, hand-bottled their beers and drove bar-to-bar, selling them out of the trunk of their car. Theirs is a rags to riches tale, one of fighting against the man to becoming the man, while remaining true to the insurrectionary principles upon which the company was founded. The pair are receptive to new technologies, with Martin Dickie known to maintain a particular interest in cryptocurrency. Despite recording astonishing growth (recent estimates value the company at $1.7 billion), Brewdog has remained a spirited and outspoken company that has drawn attention for its viral marketing and innovative packaging as much as for its acclaimed and typically potent beers.

Brewdog Brand Welcomes Bitcoin Cash to Its Flagship London BarBrewdog has explained that it hopes to eventually roll out bitcoin cash as a means of payment in all its UK bars, adding: “Those who rock up to our newest London bar can use either bitcoin [core], bitcoin cash or card to pay for any of the 20 taps of super-fresh craft beer, takeaway bottle and can options, and our loaded menu of burgers, pizza and wings.” Brewdog encourages visitors to download the Bitcoin.com wallet in advance of the opening event to qualify for the BCH giveaway to the first 100 attendees, finishing: “How does that sound, London?”

Do you think more bars should accept bitcoin cash and would you use cryptocurrency to buy beer? Let us know in the comments section below.


Images courtesy of Shutterstock, and Brewdog.


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Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash

Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash

A team of Bitcoin Cash (BCH) developers has released a new BCH desktop wallet that resembles the ethereum-light client Metamask. The new beta version Chrome extension wallet called Badgerwallet.cash can be tested in the browser’s developer mode and soon will be able to hold BCH-issued tokens.

Also read: Bitpay Phases Out Crypto-Debit Cards for European Cardholders

Testing the New Chrome Extension Wallet Badgerwallet.cash

There’s a new bitcoin cash wallet that is similar to the popular Chrome extension Metamask wallet. The BCH-based Badgerwallet.cash client was produced by members of the organizations Spendbch, Bitbox, the Simple Ledger Protocol (SLP), and Bitcoin.com developers. Badgerwallet aims to be a gateway into the world of BCH-fueled tokens and decentralized applications. At the moment, Badgerwallet developers have launched the beta version of the chrome extension client and the wallet is currently available for testing.

Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash
The Badgerwallet extension has to be unpacked in developer mode.

In order to test the Badgerwallet software, users need to download the extension package from the website. After doing this, the next step is opening the Chrome browser and unpacking the extension. However, since Badgerwallet is currently in beta the Chrome extension page needs to be set to ‘developer mode.’ From there, Chrome will allow the Badgerwallet software to be unpacked and installed in the browser. After the install, you will see a bitcoin cash symbol on the top right corner of the Chrome browser.

Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash
Badgerwallet can be operated in a small dropdown window.

Badgerwallet users can look at the wallet in a smaller window on the upper left as well but they can also open the wallet in a whole page within the Chrome browser. Immediately after firing up the extension’s software, the wallet gives the users a twelve-word seed phrase and requires them to write it down and verify the word order before opening the wallet. Badgerwallet is pretty self-explanatory from here and acts like any other Chrome extension light clients like Kryptokit, and Metamask.

Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash
Network fees seemed a bit too high using Badgerwallet but the wallet is still in beta.

A Few Quirks, and the Badger Button Demo

News.Bitcoin.com sent US$0.50 worth of bitcoin cash to the Badgerwallet with ease and the client indicated the transaction was received almost immediately. We noticed two small issues with Badgerwallet: the incoming transaction was never recorded, and then we had issues sending the money back for less than a penny. Of course, the Badgerwallet extension is still in beta so finding weird quirks can be common. Lastly, the wallet currently doesn’t support tokens and the application will tell the user the feature is under construction.

Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash
Sending BCH to our wallet.

Speaking with one of the Badgerwallet developers, Gabriel Cardona, the creator of Bitbox told news.Bitcoin.com that token support is not quite finished yet, but the team is making the wallet token agnostic. “With token plugin architecture developers from any of the emerging token platform can plug their tokens into Badgerwallet,” Cardona explains. For now, the developer says the team will be adding support for SLP and Wormhole tokens. Badgerwallet testers can create a new account with mnemonic, add as many accounts as you need from a dropdown menu, and send and receive BCH as well. The website and the team’s Twitter page also shows a demo of the ‘Badger Button,’ an app that allows people to embed a payment button to their website.

Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash
The Badgerwallet settings section.

Overall, the wallet runs fairly smooth, minus the little quirks mentioned above and the team will likely be polishing the code on the next release. When the team adds the SLP and Wormhole token abilities, the wallet will likely gain more interest, especially if the app is token agnostic. As we mentioned in previous posts concerning ‘colored coin’ technology, a token friendly SPV wallet has always been one of the concept’s biggest challenges. Cardona tells news.Bitcoin.com that the team has recently added the Wormhole endpoints to rest.bitcoin.com and the wallet is being QAed now and will be live by next week.

What do you think about the Badgerwallet Chrome extension? Let us know what you think about this application in the comments section below.


Images via Shutterstock, Badgerwallet, and Jamie Redman 


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Bitcoin Distribution Process Was ‘Fairest’ Possible System, Study Claims

Bitcoin Distribution Process Was 'Fairest' Possible System, Study Claims

Dan Held, co-founder of Interchange, published a summary on Thursday about the perceived fairness of Satoshi Nakamoto’s initial distribution of bitcoins. The director of the institutional-grade cryptocurrency portfolio management service argues that the Bitcoin protocol’s earliest cryptocurrency distribution processes remain the most honest and equitable to date, particularly in comparison with the methods favored by many of the premined altcoins that exist today.

Also read: Bitpay Phases Out Crypto-Debit Cards for European Cardholders

Constant Stream of Crypto Complaints

Bitcoin Distribution Process Was 'Fairest' Possible System, Study Claims
Dan Held

People are always loudly complaining about Satoshi’s early cryptocurrency distribution processes, with many individuals claiming that other blockchains can offer better methods. But this week Held published a paper firmly asserting that “Bitcoin’s distribution was fair.”

Held says that the Bitcoin network “continues to challenge mainstream thought” as it soars in popularity. Yet he also acknowledges that the protocol is still struggling to shake off gripes about specific aspects of its existence. As the Interchange co-founder explains:

One of those is that the distribution of Bitcoin wasn’t ‘fair,’ particularly in the earlier stages of network development… (but) Satoshi set out to design the fairest system possible.

Satoshi’s Hashrate Reduction

Held dives into the earliest days of the Bitcoin protocol, before the concepts of ‘premining’ or ‘insta-mining’ even existed. Premining is the practice of mining lots of coins privately; usually in such cases, the developers end up keeping the largest stash of the currency. But Held claims that the message in the genesis block about the chancellor bailing out the banks is an argument in itself against the wisdom of premining.

Bitcoin Distribution Process Was 'Fairest' Possible System, Study Claims
Paul Sztorc sounds off on Dan Held’s editorial and the fairness of Bitcoin.

Held also explains that Satoshi gave the public a two-month lead time before mining the first block. People such as Hal Finney and others listened to Satoshi right away and began mining the currency. But as Held claims, it really was up to Satoshi and a small handful of miners to keep the nascent network running in those early days. Yet it is widely known that this small group of miners also left the mining scene just a few short years after Bitcoin was firmly up and running.     

“For the first year of Bitcoin’s existence, Satoshi and other miners couldn’t muster enough hashrate to mine more than 144 blocks/day and trigger an upwards difficulty adjustment,” Held says. He claims that Satoshi only mined because the network needed people to do so. And Held notes that Satoshi left the scene once the network had stabilized to the point where it no longer required his own mining output.

The study continues:   

He reduced his percentage of the hashrate in a slow and steady manner. The Satoshi-fingerprinted mining carefully balanced the hashrate of the cluster, with the goal of historically viewable well-meaning intentions — Satoshi initially followed a plan of reducing the hashrate by 1.7 Mhps every five months, but a month after the second such drop abandoned this method in favor of a continuously decreasing hashrate.

Bitcoin Distribution Process Was 'Fairest' Possible System, Study Claims
Dan Held’s paper argues that Satoshi reduced his hashrate significantly over time. Chart Source.

The Faucets: A Flood of Free Coins to
Encourage Early Adoption

Bitcoin Distribution Process Was 'Fairest' Possible System, Study ClaimsSome people have claimed Satoshi mined around 1 million bitcoins. But Held points to recent research done by Bitmex, which claims it is more likely that Nakamoto only mined 700,000 coins. Furthermore, a large portion of the early coins have not even been moved since the day they were created.

Held details how the cryptocurrency was pretty much worthless at the time; for many years, early adopters gave tons of bitcoins away. He points to the faucets that were set up during the early days that gave away lots of bitcoins, such as “the 10k BTC faucet set up by Gavin and other Bitcoiners who donated funds.” Another example of these large giveaways took place this week when Bitcoin developer, Jeff Garzik, explained on Twitter how he gave over $103 million dollars worth of BTC in bounties. Garzik states:

In 2010-2011, I gave away 15,678 BTC in developer bounties.

Satoshi’s Signal

Held acknowledges that Satoshi wasn’t perfect, but he concludes that Bitcoin’s release was the most even-handed distribution process one could build, “given what he was building/timing/audience.”

Satoshi was trying to “signal to everyone” that Bitcoin was not simply a “scam,” Held says.

The conservative deescalation of his mining contributions, his departure from the community, never spending any of his coins, nor using his influence for any purpose, shows that he wanted the world to make up their own mind about
his project and judge it on its own terms.

Held’s conclusions about the fairness of Bitcoin’s distribution processes stand in stark contrast to the chaotic nature of the current token craze. Many initial coin offerings (ICOs) and other altcoins in the past have had significant premines, some of which have been so blatant that everyone knows the developer and close friends recruited to help pump the coins are simply setting themselves up to be rich for life. Some of these individuals have even lied and pretended to not premine at all, while many others have openly admitted to premining anywhere from 1-20 percent of the currency’s total supply.

In contrast, Satoshi and the early developers and adopters dealt with an electronic peer-to-peer cash system that was essentially worthless at the time. But they attempted to get others to see how bright the future could be. And eventually, people started to listen.

What do you think about Held’s claim about Bitcoin being a fair distribution process? Let us know how you feel about this in the comments section below.


Images via Shutterstock, Picks & Shovels, Twitter, and Pixabay. 


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Bitcoin.com Wallet Will No Longer Feature the Shapeshift Service

Bitcoin.com Wallet Will No Longer Feature the Shapeshift Service

This week we wanted to let our wallet users know that we are sunsetting the Shapeshift API in the Bitcoin.com Wallet. The trading platform Shapeshift has decided to change the firm’s business model to a membership platform that requires the user to submit ID/KYC information. 

Also read: Bitcoin Cash Games — Play Your Favorites Faster With BCH

Shapeshift Applies Membership Model

This week you may have noticed that the Shapeshift feature in the Bitcoin.com Wallet may not be working depending on where you live. That’s because Bitcoin.com has come to the decision to remove the in-wallet swapping service from our Wallet client. The Bitcoin.com Wallet is a non-custodial light client that holds both bitcoin cash (BCH) and bitcoin core (BTC) in a simplistic and secure fashion. Since we launched our wallet back in August 2017 we’ve seen 2.9 million wallets created so far. Our wallet is available for Windows, Linux, Mac, Android, iOS, and Android APK allowing anyone in the world the means to secure funds that are not held by a third party. Following the introduction of our wallet, the team at Bitcoin.com partnered with Shapeshift and added the coin shifting feature to the client last February.

Bitcoin.com Wallet Will No Longer Feature the Shapeshift Service

Last month the non-custodial crypto trading platform Shapeshift announced that the application would introduce a mandatory membership program. The firm has revealed that the membership program will require basic user information in order to utilize the crypto-to-crypto trading features. The company has further detailed that wallets using the Shapeshift in-wallet service will require a one-time authentication.

“If you are using a wallet that integrates with Shapeshift, you will need to authenticate once through the wallet to enjoy the benefits of your membership and to then use the http://shapeshift.io service,” explained the company.

Bitcoin.com Wallet Will No Longer Feature the In-Wallet Shapeshift Service

Even though Shapeshift will be required to use personally identifying Know Your Customer (KYC) flows, users can still visit the third-party site and still use Shapeshift with our wallet to exchange your bitcoin cash (BCH) or bitcoin core (BTC) for another cryptocurrency. Furthermore, there are several other non-custodial peer-to-peer exchanges available for cryptocurrency enthusiasts that our reporter Kai Sedgwick discussed a few weeks ago.

Our bitcoin-based light client is steadily approaching 3 million wallets created and Bitcoin.com is proud to serve each and every one of our users. As cryptocurrency wallet providers we want to directly communicate with our users on every new feature we add, as well as other subjects such as our decision to sunset the Shapeshift API from the Bitcoin.com Wallet. Stay tuned for more updates on our cryptocurrency wallet and other services we provide in the future.

Have you downloaded the Bitcoin.com Wallet? What do you think about our non-custodial light client? Let us know your thoughts in the comments section below.


Images via Shutterstock and Bitcoin.com 


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September Volume Report: Altcoins See Increase in Trade Activity

September Volume Report: Altcoins See Increase in Trade Activity

September saw all but three of the top twenty cryptocurrency markets post an increase in monthly trade volume. XRP pairings saw the strongest month-over-month volume gain, with 30-day volume tripling when compared with August.

Also Read: Markets Update: Crypto-Traders Patiently Wait for a Break Out 

BTC Stagnates, USDT and ETH Post Strongest Volume Since Q2

September Volume Report: Altcoins See Increase in Trade ActivityDespite relative stagnancy in monthly BTC trade volume, an increase in altcoin trade during September appears to have corresponded with an increase in USDT and ETH trading activity.

September saw approximately $124.3 billion USD worth of trade take place across all BTC pairings – comprising a meager 0.24% increase in trading activity over August’s $124 billion, and marking September as the second weakest month of trade for BTC pairings this year.

Trade volume for USDT pairings increased by almost 4.5% percent month-over-month – with $86.5 billion worth of USDT changing hands during September.

ETH pairings broke a multi-month trend of declining trade volume, with September’s $53.8 billion comprising a 17.6% increase over August’s $45.75 billion.

Monthly XRP Trade Volume Triples

September Volume Report: Altcoins See Increase in Trade ActivityXRP posted a dramatic increase in trade activity for September, disrupting the top rankings by volume to rank as the fourth most-traded cryptocurrency pairing after ranking seventh for four consecutive months. XRP pairings saw $24.7 billion worth of trade take place during September – a 216% increase over August’s $7.8 billion.

EOS was the fifth most traded cryptocurrency during September, with $20 billion in trade. Despite slipping down a place in the rankings, EOS posted a 10.5% increase in trade volume over August’s $18.1 billion.

Bitcoin Cash pairings produce $12.9 billion worth of trade during September, comprising a 26.5% increase in volume over August’s $10.2 billion.

LTC was the seventh most traded cryptocurrency during September – with $9.6 billion trade. The month saw a 34.5% increase in trade volume over August’s $7.14 billion and comprised the strongest month for LTC trade since May.

Monthly ETC Trade Volume Drops by One Third

September Volume Report: Altcoins See Increase in Trade ActivityDash has continued its steady climb up the top rankings – gaining one place for the second consecutive months since reclaiming its top ten position in July. During September, Dash was the eighth most traded cryptocurrency with nearly $6.5 billion in volume – a 23.5% increase over August’s $5.26 billion.

ETC has broken its four-month-long trend of increasing volume month-over-month after sliding to ninth with $5.1 billion in 30-day trade volume. Ethereum Classic was the only top ten cryptocurrency market to post a drop in month-over-month volume during September – posting 35.5% drop in volume compared with August’s $7.9 billion.

CKUSD climbed two places to rank in the top ten most traded cryptocurrencies for September with $4.07 billion in trade. September saw CKUSD post a 21% increase in volume over August’s $3.36 billion.

Most Top 20 Altcoins Post Volume Increase

September Volume Report: Altcoins See Increase in Trade ActivityQTUM moved one place up the rankings to eleventh during September after posting $3.64 billion in trade, despite volume dropping by 9% from August’s $4 billion.

TRX moved up one rank to twelfth for September with $3.52 billion in trade – a 2% gain over August’s $3.45 billion.

ZEC maintained its position at 13th after posting $3.36 billion in trade- a nearly 16% gain over last month’s $2.9 billion.

NEO moved up three places to rank fourteenth after producing $2.61 billion in 30-day volume – a 30% gain over the $1.83 billion in trade posted last month.

XLM has held its position at fifteenth for the third consecutive month after posting $2.3 billion in during September – an 18.5% gain over August’s $1.94 billion.

ADA has maintained its rank at sixteenth for the second month in a row. ADA posted $2.1 in trade volume during September – a 14.1% gain over last month’s $1.84 billion.on in trade – a 25% gain over August’s $1.615 billion.

ONT fell four positions to rank eighteenth this month. ONT posted $1.45 billion in monthly trade volume – a 38% drop from last August’s $2.34b.

BIX gained two positions to rank seventeenth during September after posting $2.02 billion in trade.

BTM appeared on the top twenty rankings during September after posting 1.34 billion in trade.

XMR ranked twentieth for volume this month, producing 1.05 billion in trading activity.

Do you think that volume in the altcoin markets will continue to increase? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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