Bitcoin-Payable API: Ping21 Earns Bitcoin By Monitoring Uptime And Latency

Bitcoin-Payable API: Ping21 Earns Bitcoin By Monitoring Uptime And Latency

As the Internet of Things (IoT) creates new devices for a variety of remote monitoring capabilities, the question naturally arises: how will the costs for these capabilities be covered? A Medium entry offers an example of how a device, the 21 Bitcoin Computer, can pay on demand for a service it provides. The mining chip integrated into each 21 Bitcoin Computer turns electricity into digital currency by sending a service up to the network (hashing) in return for a stream of bitcoin. The concept of a bitcoin-payable API creates the possibility for machines to provide services over the....


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