Microtransactions Are Possible With Bitcoin Web Service Company BlockCypher
Blockchain-based web API company BlockCypher recently released a Microtransaction API making it possible to transmit payments as little as 2,000 satoshis (or roughly 0.5 cents). The offering also enables On-blockchain microtransactions marking a significant departure from the usual off-blockchain transactions. "In addition to our normal Transactions API, we offer a unique, on-chain microtransaction endpoint that makes it easy to propagate smaller, nearly-instantly guaranteed, more frequent transactions that are still publicly auditable and trusted through their existence on the....
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BlockCypher has raised more than $3m in a seed-funding round that will allow it to expand its operations in Europe and Asia. Tim Draper and Yahoo co-founder Jerry Yang's AME Cloud Ventures are among the many that invested in the round. Other participants included Boost VC, 500 Startups, Crypto Currency Partners, New Enterprise Associates (NEA), hip-hop artist and VC Nasir Jones, Jesse Draper and Shawn Byers. With this latest round of funding Blockcypher said it can now seek to provide customers deeper analytics while continuing to build services and invest in scaling and security. The....
BlockCypher, a startup that provides a complete set of services for bitcoin developers, just closed a $3.1M seed round conducted by VC firms Boost VC, 500 Startups, Crypto Currency Partners and New Enterprise Associates (NEA). Individuals such as the former hip-hop artist NAS, Jesse Draper and Shawn Byers also participated in this round. Also read: Nas to Give Bitcoin to Top 100 Fans. BlockCypher: A Blockchain Toolbox. In a tough context marked by the recent bitcoin's price decline, the fundraising demonstrates the confidence institutional investors still have regarding the....
Catherine Nicholson is the CEO of BlockCypher, which is the company that powers instant trades at ShapeShift. Its Confidence Factor is used in several other applications as well. CCN spoke in depth to BlockCypher's Developer Advocate, Josh Cincinnati, in a recent podcast. In this video, Catherine is sent some very basic questions about Bitcoin, which she handles with vigor. Questions range from the public good to micro transactions. At one point, Catherine says: People who live on $2.50 a day, they don't have a bank account. They don't have access to capital. They can't ever escape the....
BlockCypher, a provider of web services that supports bitcoin blockchain applications, announced that its web services will now allow companies to build applications using the Ethereum protocol without needing blockchain infrastructure. The company made the announcement at the Exponential Finance conference in New York, N.Y. BlockCypher claims to be the first software provider to offer both Ethereum and bitcoin APIs on the same platform. BlockCypher will offer support for Ethereum on its block explorer in addition to more complex web services. Beta Release Begins. The beta release includes....
Bitcoin payments processor Bitnet has launched a new tool that allows merchants to mitigate the risk of accepting bitcoin payments without confirmations. The new “Instant Approval” service applies data provided by blockchain web service company BlockCypher to determine if a transaction is safe to accept. Because of how the Bitcoin network is designed, bitcoin payments cannot be fully trusted until they have been confirmed by miners and included in at least one block, while waiting up to six blocks is advised. But since this can sometimes take more than an hour, it makes Bitcoin a....