21 Inc’s Bitcoin Vision Becomes Clearer With Announcement of Ping21
21 Inc has announced the launch of ping21, a service that allows users to check the uptime or latency of any given website from Bitcoin Computers on the 21 network. This is the first release in a series of projects related to the Internet of Things that the company plans to release in the coming weeks. Thanks to the release of its Bitcoin Computer last....
Related News
The creator of the Nakamoto Terminal will help government and business understand the interaction of traditional and digital financial systems and track money into and out of blockchains. Digital asset data analytics company Inca Digital will study the implications of digital assets for national security under a year-long contract with the Defense Advanced Research Projects Agency (DARPA), the company announced Sept. 23. DARPA is the R&D branch of the United States Department of Defense. Inca Digital will work on a project called "Mapping the Impact of Digital Financial Assets" that will....
The San Francisco-based 21inc is pulling more features out of the box by introducing ways people can be paid using its device call Ping21. The first concept allows 21 computer owners to monitor uptime and latency from the network. Users sell this data much like the companies Pingdom or Uptrends. This type of mechanical harvesting enables people to learn....
With its signature hardware product now shipping to users in the US, Canada and Europe, 21 Inc is seeking to roll out its next stage in development, a decentralized, bitcoin-incentivized network of the devices. 21 Inc announced the launch of Ping21 today, a new proof-of-concept it envisions as a competitor to website monitoring services such as Pingdom or AlertFox. Today, webmasters use such services to determine how a website is performing in different markets, in the case of Pingdom, paying between $13 and $454 a month for the service. What 21's grid now allows is that Bitcoin Computers....
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....
If the first day of Scaling Bitcoin focused on fostering constructive dialogue, day two moved the conversation toward defining how that dialogue would proceed following the event and how such discussion could coalesce into a clearer vision for the open-source technology's future. Topics of discussion at the event still focused most directly on the larger question of how the bitcoin network could support increased transaction levels. However, these presentations were buoyed by musings on the trade-offs that will need to be weighed should the community want to honor the project's original....