CoinTerra Acquires Bitcoin Software Developer Bits of Proof
Bitcoin mining hardware firm CoinTerra has announced the acquisition of enterprise software company Bits of Proof. Under the terms of the deal, Bits of Proof CEO Tamás Blummer will join CoinTerra, assuming the position of Vice President of Enterprise Software, while CoinTerra will gain access to BOP assets, including its 'enterprise-ready' implementation of the bitcoin protocol. Bits of Proof (BOP) is a Hungarian software firm that builds business-focused solutions based on block-chain technology. Last year the company launched the BOP Enterprise Bitcoin Server, which it dubbed the 'Red....
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Cointerra’s last big action was the acquisition of the Hungarian bitcoin software company Bits of Proof . With this move they are trying to strengthen their back end support for their cloud hashing services. CoinTerra provides large scale Bitcoin mining hash power through its multiple state-of-the-art datacenters installations employing the highly scalable TruePeta™ deployment architecture. However this is not why we write about this company today. I had a chance to meet Cointerra CEO Ravi Iynegar and Dr. Timo Hanke CTO at the 40%4 Bitcoin conference in Amsterdam and they were kind enough....
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....
Digital Asset Holdings, the distributed ledger startup led by former JPMorgan executive Blythe Masters, has announced the acquisition of two blockchain startups: Hyperledger and Bits of Proof. Hyperledger, which specialized in permissioned ledgers with no native cryptocurrencies, will merge with the Digital Asset (DA) team. Hyperledger CEO Dan O'Prey will become DA's chief marketing officer while CTO Daniel Feichtinger will join the company's engineering team. In addition, DA has acquired bitcoin software startup Bits of Proof, a move that finds CEO and founder Támas Blummer joining as....
In March, Bitcoin Magazine covered the digital economy startup Digital Asset Holdings, headed by the financial superstar Blythe Masters, a former JPMorgan Chase & Co. executive. Digital Asset Holdings uses distributed ledgers to track and settle both digital and mainstream financial assets in a cryptographically secure environment where counterparty risk is minimized, and settlement times are drastically reduced. Now, Digital Asset Holdings LLC announced two acquisitions, Bloomberg Business reports. The company bought San Francisco-based Hyperledger and Budapest-based Bits of Proof for....
Hungary-based online electronics retailer 220volt.hu has announced it will now offer bitcoin as a payment option, allowing local bitcoin users the ability to buy Apple laptops, Samsung tablets and LED and plasma TVs with bitcoin. 220volt announced its decision to accept bitcoin via payments processor BitPay in a company blog post that provided a brief overview of the digital currency and its history, and that characterized the payment system as an alternative to another popular online payment tool, PayPal. Hungary-based bitcoin enthusiast and CoinTerra vice president of Software Enterprise....