Bitcoin Developers Debating Move from 'Bitcoins' to 'Bits'
You could soon be asking a friend for "bits" rather than "bitcoins". While many users of Bitcoin have already decided to move to millibitcoins or microbitcoins on their own, the reality is that there haven't been any official moves to create an official, widely-used denomination of bitcoins. Some people still like saying bitcoins, while others think that millibitcoins are more welcoming to new users of the cryptocurrency. There is currently a debate brewing on the Bitcoin development mailing list where different people are offering their opinions on the matter, and the general consensus....
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On July 17, BitPay announced the launch of Get Bits, a simple solution to Get bitcoins anywhere in the world. If "What is a Bitcoin?" is the number one question asked, perhaps "How do I get a Bitcoin?" is the second most asked. Buying bitcoins is one of the biggest hurdles to getting started; that's why BitPay created Get Bits. Get Bits lets you give and receive bitcoins to your friends through your Facebook. BitPay is a payment provider used by both Newegg and TigerDirect amount others. Its strongest competitor is Coinbase, which has just picked up Dell as its newest and largest partner.....
Israelis can now purchase bitcoins at their local exchange bureau thanks to a new collaboration between bitcoin exchange Bits of Gold and Global Money Transfer (GMT). The partnership with GMT means Bits of Gold can ensure it complies with current and future anti-money-laundering and know-your-customer regulations in Israel. At the moment, the maximum amount of cash people can change into bitcoins via Bits of Gold is 10,000 Israeli new shekel (around $2,800). Jonathan Rouach, CEO of Bits of Gold, said he has been passionate about bitcoin ever since he heard about it back in 2010. "I....
Welcome everyone! IT’S TIME FOR THE Bitcoinist NEWS Bits! This week we are going to give you a short summery about Inside Bitcoins Conference that took place at the beginning of this week in London. The conference had over 200 attendees and a bunch of exhibitors including Cex.io and Ghash.io who were actually the Platinum Sponsors of the event along with Strevus. Jeffrey Smith the CIO of Cex.io announced their new project called PlugChain an open API for building bitcoin applications. This platform enables developers to create many cryptocurrency applications like wallets and merchant....
Jack C. Liu is head of international at OKCoin and OKLink. He is based in Beijing and previously held roles at Barclays Capital and bitcoin exchange Kraken. In this article, he explores whether the crypto industry should be pushing fiat wallets, rather than bitcoin wallets, if it wants digital currency to go mainstream. Since bitcoin was introduced in 2009, we have seen endless efforts to make it mainstream. These efforts have spanned the launches of the world's 'easiest bitcoin web wallet', 'easiest bitcoin mobile wallet', 'consumer multi-sig wallets' and 'easiest way to buy bitcoins'.....
A Hungarian company is about to launch an enterprise-class software product designed to make it easy for businesses to create bitcoin-enabled applications. Bits of Proof (BOP) calls the open-source software, "Red Hat for Bitcoin." The BOP Enterprise Bitcoin Server is a redone version of the core software originally designed by Bitcoin creator Satoshi Nakamoto that communicates with other computers on the Bitcoin network. Bits of Proof founder Tamas Blummer has reworked the algorithm using his own code, creating an entirely new version of the software. He then developed a messaging system....