BitPay Introduces New Cryptographically-Secure API

BitPay Introduces New Cryptographically-Secure API

Some news coming this evening from the BitPay camp. The Atlanta-based bitcoin processing company announced Thursday a new cryptographically-secure API that makes use of previously-announced authentication protocol BitAuth. Without getting to specific (largely due to the fact that I am not a programmer/developer), BitPay's new API offers a number of features that certainly sound like they are useful. This includes the implementation of refunds to any bitcoin address (as opposed to requiring a BitPay account). here's what BitPay has to say on the feature: [The refund API] will allow all of....


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Bitpay announces BitAuth

Decentralized Authentication. Chew on that for a bit. But why is it needed? Here’s what Bitpay said about this: But how? How is a decentralized authentication system possible? Inspired by the same elliptic-curve cryptography as Bitcoin, Bitpay proposes to use SIN, or system identification number. Originally proposed by Jeff Garzik, Bitcoin Core Developer, SIN is intended to be a fully decentralized, anonymous, secure identity. SIN also has the following features: On top of these, there is the chance for two SIN’s, type-1 and type-2.