Blockchain technology can make micropayments finally functional
As the use of digital wallets and cryptocurrencies becomes more abundant, new use cases for micropayments will be further explored and developed. I recently came across Marc Andreessen’s article from 2014 on Bitcoin (BTC). In many ways, it is visionary (no surprise). I have been in the industry for four years now, with most of my focus being on the social impact of blockchain. It is astonishing to me that in 2014, before there was any institutional presence in Bitcoin — or, indeed, a popular understanding of this new technology — Andreessen was able to outline its potential economic and....
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After months of development and hype, Brave Software Inc. has finally released an update that integrates under-the-hood bitcoin micropayments right into its browser. Brave Browser Adds Bitcoin Payments. When Brave Software Inc. announced raising $4.5 million USD in early August, the company also revealed that an update bringing under-the-hood Bitcoin....
Bitcoin offers an opportunity to allow people to make micropayments, which could provide solutions for content monetization, online tipping and more.
Bitcoin micropayments do not seem to make much sense to both consumers and media outlets these days, even though the concept could prove to be a viable ads replacement in the long run. Over in France, local media outlets are actively blocking users from accessing their content when they are running an ad blocker in the browser, as it would diminish earnings from advertisers. While this situation is very annoying, it is also a perfect example of why bitcoin micropayments are a solution.
In March, Bitcoin Magazine covered the launch of the Brave browser, which offers faster browsing by replacing ads with clean and light ads. The announcement stated that the forthcoming version of the Brave browser, planned for April, would include micropayments and a built-in Bitcoin wallet. It has taken a bit longer, as it usually happens in innovative tech, but Brave micropayments and Bitcoin support are finally here. Brave announced the beta version of Brave Payments, a Bitcoin-based micropayments system that can automatically and privately pay the favorite websites of Brave users,....
In June Bitcoin Magazine covered the first Decentralized Web Summit, a gathering of developers striving to make the web open, secure and free of censorship by distributing data, processing and hosting across millions of computers around the world, with no centralized control. The Summit was organized by Brewster Kahle, founder of the Internet Archive, and Tim Berners-Lee, the “father of the web” and the director of the World Wide Web Consortium (W3C). The organizers want to build a new phase for the web, based on next-generation decentralized systems inspired by the P2P technology that....