Decentralized Bitcoin Exchange Bitsquare Has Only Raised 42% of its Goal with Lighthouse
A team of bitcoin enthusiasts is approaching completion of the first stage of launching Bitsquare, a decentralized bitcoin exchange. Bitsquare has been designed to ensure privacy but not be controlled by a central authority like other bitcoin exchanges. Bitsquare is currently seeking 120 BTC for the development of its first milestone through Lighthouse, a crowdsource funding platform. The first phase of the funding campaign ends today (Feb. 9.) and the campaign has only raised 42% of its goal. Whether the campaign will be able to raise the rest depends on the incoming donations today. Need....
Related News
Some things get off to a rocky start. Much like bitcoin itself, which is still facing issues regarding mass acceptance and adoption, a new decentralized exchange known as Bitsquare has not managed to raise the funds its wished for through the crowdfunding platform Lighthouse. The company was originally aiming to raise about 120 bitcoins for the creation of its first milestone. Bitsquare is trying to enable heightened privacy for bitcoin users while at the same time avoiding control from a central authority (a common problem amongst many bitcoin exchanges). Bitsquare team member Richard....
Lighthouse, the bitcoin-powered crowdfunding application, raised 3.5 BTC for Medic Mobile during its first 24 hours. The Medic Mobile project, Lighthouse's demo campaign, has now been reset to allow for an additional fundraising round to begin. The news comes via a blog post, in which Mike Hearn, the app's developer, offers some updates and long-term plans. Not all targets reached. Despite this success, however, not all projects reached their set fundraising targets. Richard Myers, a developer at Bitsquare, revealed that its crowdfunding campaign had ended without reaching the funding....
The decentralized bitcoin and altcoin exchange Bitsquare has decided that it must rebrand or face a costly legal battle. Launched last year, Bitsquare is the first decentralized bitcoin and altcoin exchange of its kind. Instead of trading bitcoin through a central intermediary as a typical exchange would, Bitsquare users connect through a peer-to-peer protocol and exchange money directly. To keep everyone honest, traders put up security deposits, while an arbitration system serves as a fallback. The open-source project led by Manfred Karrer recently ran into a setback, however, as the team....
Lighthouse, a blockchain-based crowdfunding application, has gained traction since its launch on January 20th. Since it is built on top of the blockchain, Lighthouse is totally decentralized, eliminating the need for a centralized management system. Lighthouse allows anyone to crowdfund their project on the application, without any registration or fees, and all funds raised through the app are raised with bitcoins exclusively. The first project funded on Lightouse was Medic Mobile, a non-profit providing real-time information to medical workers in developing countries. The project raised....
The first completely decentralized bitcoin exchange supporting fiat and digital currencies has announced that it will be launching its beta version on April 27th. BitSquare will be launching its beta version of the decentralized Bitcoin exchange later this month. The BitSquare can be used to exchange bitcoin with other fiat currencies as well as altcoins. Founded by Manfred Karrer along with other contributors, BitSquare has been under development for over 2 years. The platform as been undergoing tests in the recent months before it can finally be launched on April 27, 2016. Manfred....