The Velocity of Bitcoin: Weighing in on BitPay's New Impulse Protocol
There are various hurdles to widespread merchant adoption of bitcoin; some of them are tangible, while others are often contrived growing pains. One of the minor issues in the former category that keeps reappearing in community discussion and problem-solving is the wait time required for transaction completions, known as "confirmations" in the bitcoin GUI. Transactions with bitcoin are not fully guaranteed until they are mined in the blockchain, with an average lapse of 10 minutes to find a block. This complex process does take time, but it helps to prevent problems like double spending,....
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In the end, the team decided to throw in the towel, as they feel it is “too early” for financial derivatives in the Ethereum ecosystem. Velocity, one of the many Ethereum-based projects, announced they would shut down shortly. This news came as quite a surprise, considering things were looking positive initially. After just nine months of hard work, the project will not cease to exist over the coming weeks. Another failed experiment using the Ethereum ecosystem. Velocity came into being in February of 2016. Its objective was simple” develop on-chain insurance products using the Ethereum....
Atlanta, Georgia-based BitPay announced support for the bitcoin payment protocol on Friday, which aims to remove a bulk of human error upon making a payment in bitcoin. This will allow users to click on a payment link (or scan a QR code) and the user's wallet software will provide two options: pay or don't pay. This effectively eliminates the need to copy an address and amount into a wallet software, preventing silly mishaps. Streamlined refunds. The Payment Protocol aims to make refunds easy, too. When a user sends their payment, a refund address is included with it (which will fund the....
Yesterday, BitPay Inc, the world's leading payment processor for Bitcoin announced an expansion to now 10 full time employees. BitPay, founded in 2011 by Tony Gallippi and Stephen Pair, has continued to expand in organizational and merchant growth. Through enabling now almost 7,000 merchants to be able to process payments in the Bitcoin currency, BitPay continues to lead the way in promoting the utility of Bitcoin. BitPay announced the newest additions to the team. Jeff Garzik, Bitcoin core-developer, will join staff to work full-time on Bitcoin and contribute his knowledge on the core....
Last week BitPay launched a support platform for the Bitcoin Payment Protocol, working to make Bitcoin payments easier than ever for merchants and users. The payment protocol eliminates much of the human error in completing a bitcoin payment, while providing a streamlined approach to the transaction process. A user can simply click on the payment link or scan the QR-code and offers two payment choices, either 'pay' or 'don't pay,' which means that there is no need to copy the address and amount into their wallet. BitPay's Payment Protocol Support provides multiple solutions that reduce....
On August 31, the Atlanta-based cryptocurrency payments services provider Bitpay announced that the Bitpay wallet has integrated the decentralized exchange (dex) aggregator 1inch Network. Bitpay wallet users can utilize 1inch protocol to swap ether or the myriad of ERC20 tokens.
The Bitpay Wallet Supports 1inch
Decentralized finance (defi) has grown exponentially according to statistics as defillama.com data shows there’s $157 billion total value locked (TVL) across all defi supporting blockchains.
Metrics from Dune Analytics indicate that, as far as Ethereum....