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A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

March 21, 2019 |

A Peer-to-Peer Bitcoin Cash Exchange Dedicated to Privacy Is Coming to Bitcoin.com

Bitcoin.com is always been on a quest to promote Bitcoin adoption. Our educational resources, forums, newsdesk, and other services reflect that mission on a daily basis. Now our web portal is introducing a feature called Local Bitcoin Cash, a service that facilitates the peer-to-peer trading of local currency for bitcoin cash (BCH). The new service will be launching soon and users will be able to directly exchange BCH securely and without know-your-customer (KYC) requirements.

Also read: This Short Animation Might Make You Think Twice About Taxes

Local Bitcoin Cash

Over the last few years, cryptocurrencies have grown increasingly popular and those digital assets are far more accessible than they were in the early days. As the industry has matured, Bitcoin.com has grown into an extensive Bitcoin-themed web portal that offers a wide array of resources and services that bolster cryptocurrency accessibility. Now, Bitcoin.com is proud to announce the launch of a new service called Local Bitcoin Cash. The peer-to-peer exchange will be a great resource for the community and will advance our continued mission to promote economic freedom to everyone in the globe by introducing them to the great benefits of BCH.

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

The Local Bitcoin Cash trading platform will have three key ingredients that will make the exchange different to most peer-to-peer exchanges. Firstly, privacy will be of utmost importance and there will be no KYC verification required for Local Bitcoin Cash users. Secondly, the platform will provide end-to-end user side encryption; a system of communication where only users can read and decrypt their messages. Finally, just like our popular noncustodial Bitcoin.com Wallet, the peer-to-peer Local Bitcoin Cash exchange will be secure as the service never touches your funds.

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com
Local.bitcoin.com will be launching soon and our readers at news.Bitcoin.com can get on the list to receive early bird notification when the Local Bitcoin Cash trading platform goes live.

An Exchange That Bolsters Bitcoin Cash Accessibility

The trading platform will allow users to see who’s buying and selling so that “offers” can be considered. Anyone in the world can post a bid to buy or sell BCH and all offers can be filtered by payment method, currency, location, and popularity. There will be a wide array of accepted payments from bank transfers and gift cards so people can purchase and sell bitcoin cash using a variety of payment methods.

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

Once you find a proposal you’re happy with, simply open a trade with anyone on Local.bitcoin.com. Choose the amount of bitcoin cash you want to buy or sell, and then lock the rate in. After the traders reach an agreement they can then make the exchange. Payment details are always discussed using end-to-end encrypted messages. From there, the BCH goes into an escrow account and once the seller confirms payment, the BCH is released from escrow to the buyer.

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

As mentioned above, bitcoin cash adoption and accessibility is one of Bitcoin.com’s primary goals and over-the-counter platforms are some of the most private ways to purchase cryptocurrencies. Moreover, not everyone in the world has access to a local trading exchange so in some countries peer-to-peer platforms are the only way to buy digital assets. A multitude of payment methods also extends crypto penetration even deeper because most online exchanges only offer a few funding options. Local.bitcoin.com will be launching soon and our readers at news.Bitcoin.com can get on the list to receive early bird notification when the Local Bitcoin Cash trading platform goes live. Simply head to the Local Bitcoin Cash portal and click on the button marked “Stay notified.”

What do you think about our upcoming service Local.bitcoin.com? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, and Local.bitcoin.com.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com appeared first on Bitcoin News.

Bitcoin News

American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments

March 20, 2019 |

American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments

Avnet (Nasdaq: AVT), a Phoenix, Arizona headquartered technology solutions company, has announced on Tuesday that it is now working with Bitpay to accept cryptocurrency payments for its products and services including bitcoin cash (BCH).

Also Read: Bitmain Releases Miner 3x More Powerful Than Its Predecessor

One of the Largest Global Technology Solution Providers on the Fortune 500

Founded in 1921, Avnet is one of the world’s largest distributors of electronic components and embedded solutions. It ranks at number 128 on the Fortune 500 list and at number 414 on the Fortune Global 500, with revenues of about $ 20 billion a year. The electronics giant explained that it is adding support for cryptocurrency payments to provide its customers with more convenient ways to complete their financial transactions so they can focus on developing their products – not on how to pay for them.

American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments

“As one of the largest global technology solution providers on the Fortune 500 list, Avnet is truly an innovative company that listens to the needs of their customers, as demonstrated by their decision to accept bitcoin payments,” said Sonny Singh, Bitpay’s chief commercial officer. “Not only is paying with bitcoin easier and faster than with credit cards and bank wires, it is less expensive and acceptance of it is growing. I predict Avnet will attract many new blockchain-focused customers from around the world that want to take advantage of paying with bitcoin.”

Several Multi-Million-Dollar Cryptocurrency Transactions Already Closed

Avnet also revealed on Tuesday that it has already closed several multi-million dollar cryptocurrency transactions within the first month of accepting cryptocurrency payments. This includes working with Bitcoin.com to develop a new hardware wallet that will enable cryptocurrency storage and provide the highest level of security for transactions.

American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments

The way the cryptocurrency payments service works is that when an Avnet customer elects to make a purchase with bitcoin core (BTC) or bitcoin cash (BCH), the company will work with Bitpay to verify the funds, process the order and complete the transaction. The two American companies will also have the ability to manage and process cryptocurrency requests outside the U.S. on a country by country basis.

What do you think about Avent accepting bitcoin cash payments via Bitpay? Share your thoughts in the comments section below.


Images courtesy of Shutterstock and Avent.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments appeared first on Bitcoin News.

Bitcoin News

Bitcoin Cash Developers Launch Privacy-Preserving Light Client Neutrino

March 17, 2019 |

Bitcoin Cash Developers Launch Neutrino a Privacy-Preserving Light Client

The developers behind the Bitcoin Cash (BCH) full node Bchd have announced the beta release of the lightweight client Neutrino which is now available for Android phones. The Neutrino protocol is not only exceptionally fast, but the client is considered a privacy-preserving light wallet because it uses a concept called client-side filtering.

Also read: New Tasking Platform Lazyfox.io Rewards Users With Bitcoin Cash

Bchd Light Client Neutrino Launches Beta App for Android Users

On March 16, Chris Pacia and the Bchd full node developers announced the launch of Neutrino. The light client is now available for download in the Google Play store but the wallet is still in beta. BCH fans knew the wallet was coming, because on Feb. 29 Pacia gave his Twitter followers a sneak preview of it in action. The programmer also discussed the initial development prior to the video demo in a blog post on Nov. 19. Neutrino uses the Simplified Payment Verification (SPV) and allows users to store coins in a noncustodial fashion.

Bitcoin Cash Developers Launch Privacy-Preserving Light Client Neutrino

“Neutrino is the most technologically advanced cryptocurrency wallet to date,” reads the Neutrino description on the Google Play store. “Whereas all other wallets leak information about your transactions to third parties, Neutrino uses a new technique called client-side filtering to obfuscate your transaction downloads to better preserve your privacy.”

SPV wallets have been around for a long time (BIP0037) and not all of them are the same. Clients like BRD and Electron Cash call specific servers that validate transactions and they also allow users to connect to a custom node. BTC developers Jim Posen and Laolu “Roasbeef” Osuntokun introduced BIPs 157/158 which established the concept of client-side filtering for the Lightning Network.

Bitcoin Cash Developers Launch Privacy-Preserving Light Client Neutrino
Neutrino wallet.

‘Better Preserve Your Privacy’

The developers of the full node Bchd client written in Golang decided to utilize the client-side Neutrino wallet which is completely unrelated to Lightning. Moreover, other wallets can utilize the Neutrino protocol if they desire in order to bolster the SPV experience.

“The way [client-side filtering] works is full nodes create a filter for each block in the chain — You can think of a filter as an ultra-compact representation of all of the transactions in the block — The nodes store these filters on disk along with the block,” the Bchd developers expounded while introducing the Neutrino development.

The programmers further enumerated:

SPV wallets using Neutrino sync the full chain of headers like a normal SPV wallet, but they also download the filter for each block.

At the moment on the Google Play store, the application’s specifications state that the wallet is still in beta development and “may be unstable.” Users should probably test and experiment with Neutrino with a small fraction of funds and wait for a stable version release to use the wallet regularly. BCH supporters seem pleased with the Neutrino launch and have expressed this sentiment on social media and forums after the launch. BCH supporter “Wecx” downloaded the software and tweeted that he appreciated the client-side filtering aspects of the wallet.

“I download the bitcoin cash advanced SPV Neutrino wallet on my phone and connected it to my Bchd node — The default is advanced SPV mode — Neutrino uses a new technique called client-side filtering to obfuscate your transaction downloads to better preserve your privacy,” Wecx remarked on March 16.

What do you think about the Neutrino light client and the client-side filtering technique? Let us know what you think about this subject in the comments below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.


Image credits: Shutterstock, Pixabay, Google Play, and Neutrino


Need to calculate your bitcoin holdings? Check our tools section.

The post Bitcoin Cash Developers Launch Privacy-Preserving Light Client Neutrino appeared first on Bitcoin News.

Bitcoin News

New Tasking Platform Lazyfox.io Rewards Users With Bitcoin Cash

March 16, 2019 |

New Tasking Platform Lazyfox.io Rewards Users With Bitcoin Cash

The crypto community has been discussing a new tasking platform fueled by bitcoin cash (BCH) called Lazyfox.io. The platform, developed by Tobias B, a programmer headquartered in Berlin, gives users incentives to answer questions, participate in surveys, and obtain BCH by completing bounties.

Also read: Ledger Reveals Physical Exploits Against Trezor Hardware Wallets

Lazyfox Rewards Users With Bitcoin Cash for Tasks and Bounties

On March 13, a developer called Tobias B announced the public beta launch of Lazyfox.io, a bitcoin cash-powered Q&A and tasking site aimed at rewarding users with BCH. Tobias explained to BCH supporters on r/btc that Lazyfox users can ask questions and set up bounties for other users to answer them by way of an incentive. The creator says he aimed to create a platform that is similar to Stackoverflow and Fiverr. Essentially there are three main features on the site available to registered users: creating tasks, solving tasks and resolving disputes.

“After a user solved a task on lazyfox.io and the creator accepted it, the reward will immediately be paid out to the user’s payout address,” explained Tobias. “No user balances are stored on the site.”

New Tasking Platform Lazyfox.io Rewards Users With Bitcoin Cash
Lazyfox.io landing page and tasks.

Lazyfox Features Badger Wallet and Cash-ID Support

At the moment Lazyfox has a bunch of different tasks for users to accomplish. Assignments include recommending a tourist guide, bug report bounties, and describing good streaming movies to another user. Users can also advertise things and use specific tags for services like writing, programming, translation, bounties, graphics editing, animation, web design, and tourism. In order to resolve a dispute, users can receive a certain percentage of the task’s reward and Lazyfox also charges a fee of 1 percent. Additionally, the developer has added Badger wallet support and Jonathan Silverblood’s Cash-ID specifications.

New Tasking Platform Lazyfox.io Rewards Users With Bitcoin Cash
Lazyfox.io tags.

“The site fully integrates Badger wallet as a login/signup method as well to combine login/signup via bitcoin signature with awesome usability,” Tobias explained. “Also for payments the platform shows a convenient button if Badger is installed — Shoutout to Jonathan Silverblood for writing the Cash-ID specification and the guys from Badger for the awesome badger chrome/firefox plugin.”

Lazyfox follows the recent release of a similar platform called Taskopus that aims to be an Amazon Mechanical Turk competitor using bitcoin cash. Taskopus was developed by the team who built Freelanceforcoins and was launched a few days before the Lazyfox platform. Similarly to Taskopus, the Lazyfox application will have to attract a good sized user base for the application to gain traction.

What do you think about the Lazyfox.io platform? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.


Image credits: Shutterstock, Lazyfox.io, and Pixabay.


Need to calculate your bitcoin holdings? Check our tools section.

The post New Tasking Platform Lazyfox.io Rewards Users With Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

Chipotle Giving Away Cash on Venmo

March 13, 2019 |

Chipotle might Venmo you some money if you sign up for its new rewards program. The fast food chain, which says its customers have long desired a loyalty program, launched one in September that is expanding nationwide as of Tuesday, per a press release . Chipotle is publicizing it by giving…
Newser

Developer Launches Mturk Alternative ‘Taskopus’ Powered by Bitcoin Cash

March 12, 2019 |

On March 11, the creators of the Freelanceforcoins platform announced the launch of a new crowdsourcing market called Taskopus. The standalone application is similar to Amazon’s Mechanical Turk marketplace but anyone can participate, payouts are near instantaneous and bitcoin cash (BCH) is used for settlement due to the chain’s low network fees.

Also read: Ledger Reveals Physical Exploits Against Trezor Hardware Wallets

Meet Taskopus, the Mturk Alternative

News.Bitcoin.com recently reported on the newly created Freelanceforcoins. This Monday the lead developer of the platform announced a new alternative to Amazon’s Mechanical Turk marketplace (Mturk) called Taskopus. Essentially Taskopus users complete tasks that computers or artificial intelligence cannot accomplish. Users can perform the chores published by task creators and get paid almost instantly in BCH once the buyer is online. Taskopus users can also create assignments, micro-jobs, and exercises for the general public to complete.

Developer Launches Mturk Alternative 'Taskopus' Powered by Bitcoin Cash

The creator of Taskopus explained on Monday that he has approved around 30 people to test the application before the official launch. The testing is a form of pre-launch and the project is still in its earliest beta stage. At the moment the ‘creating tasks’ function is enabled manually on case-by-case basis, but there are small procedures that can be completed like reviewing an advertisement, completing a sentence, finding someone’s contact info, filling out a survey, and extracting keywords.

“There is a big difference between us and other crowdsourcing sites (besides the fact that everybody is accepted, regardless of age, country, and social status( — All payouts are immediate and final and we don’t ever keep your money and with Taskopus you can have a long relationship with a worker,” the platform’s creator emphasized.

The developer continued:

Typical micro-jobs website treats workers as completely interchangeable. Do one simple task if you fit our description and get out — Taskopus is different in that regard — You can build a multi-step selection process for your employees, educate them and give them complex long higher-priced specialized tasks.

Developer Launches Mturk Alternative 'Taskopus' Powered by Bitcoin Cash

BCH Powered Due to Reasonable Network Fees

After downloading the standalone application Taskopus, you will be given a survey to help buyers figure out if you fit their needs. After answering the questions, the Taskopus dashboard shows a home section, tasks, your profile’s survey answers, a profile, and a native wallet. The wallet is fairly basic and allows users to write down a 12-word seed phrase and send and receive BCH. After completing a few easy online errands on my task page I earned a small fraction of BCH (0.00211649). Of course, with only 30-odd testers and the developer creating experimental tasks, the platform will definitely need a decent sized community of members to keep the marketplace going strong. If the marketplace gathers a lot of attention in the future, it could very well outpace crowdsourcing services like Mturk with Taskopus’s accessibility and acceptance of anyone and everyone. The creator of Taskopus says there are big differences between the BCH-powered app and other crowdsourcing operations.

Developer Launches Mturk Alternative 'Taskopus' Powered by Bitcoin Cash

“There is one more big difference as we are also data-driven, and if you want to understand it – you can go here and read an example about classifying cities,” the Taskopus creator explained on r/btc. “And there is more — We have Javascript validation tasks, we have limits (daily, hourly), we have automated invoice payments for when you are offline, we have a REST API, Webhooks, aggregated Webhooks, profile questions, and targeting of tasks to users.”

Developer Launches Mturk Alternative 'Taskopus' Powered by Bitcoin Cash

BCH supporters have welcomed an alternative to Mturk and other crowdsourcing sites. Using BCH in order to facilitate payments is a plus and the Taskopus creator specifically chose to use BCH over BTC. “We needed a cryptocurrency that can split $ 0.01 into 90% and 10%, send 90% to the worker and 10% to us as a commission and do all of that with a reasonable fee (less than the amount being sent),” the Taskopus founder explained.

What do you think about the Taskopus platform? Let us know what you think about this project in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.


Image credits: Pixaby, Taskopus, and Jamie Redman.


Need to calculate your bitcoin holdings? Check our tools section.

The post Developer Launches Mturk Alternative ‘Taskopus’ Powered by Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

Bitcoin Cash Fans Start ‘Torch Passing’ Ceremony With a Non-Divisible Token

March 10, 2019 |

Bitcoin Cash Fans Start a 'Torch Passing' Ceremony With a Non-Divisible Token

Bitcoin Cash (BCH) supporters have been passing around a different kind of ‘LN Trust Chain’ across forums and social media. The social experiment for passing digital value has taken a different path to the Lightning Torch because people can share the non-divisible SLP Torch onchain for fractions of a penny.

Also read: How to Use Bitcoin When the Apocalypse Hits

The One and Only Non-Divisible SLP Torch Begins a Passing Ceremony

Over the last few weeks, Lightning Network (LN) supporters have been participating in a social experiment called the Lightning Torch. This entails sharing a small fraction of BTC in a similar fashion to the Olympic torch passing. A few weeks into the LN experiment, a BCH fan called ‘Cipher Gnome’ created a Bitcoin Cash (BCH) version of the torch on the Simple Ledger Protocol. After the torch creation on March 6, Cipher Gnome declared that there is only one SLP Torch and the token cannot be divided. Since then, just like the LN experiment, BCH fans have been having fun sharing the scarce token on Reddit and Twitter.

Bitcoin Cash Fans Start 'Torch Passing' Ceremony With a Non-Divisible Token
The genesis creation of the SLP Torch which shows there is only one non-divisible coin.

The SLP Torch has passed through the hands of people like developer Josh Ellithorpe, Don Wonton, Collin Enstad, Imaginary Username, Souper Nerd, and Bitcoin.com’s CEO Roger Ver. After Ver had the torch, he decided to pass it to Paul Lambert because Lambert had a hard time trying to receive the Lightning Torch due to complications. “The SLP Torch has been passed on to the person who previously tried to use LN to receive the LN Trust Chain, but failed because it was “years away” from being ready for actual reliable use,” explained Ver.

Bitcoin Cash Fans Start 'Torch Passing' Ceremony With a Non-Divisible Token
The SLP Torch explorer.

As Far as Trust Is Concerned, the SLP Torch Is Quite Different to the LN Trust Chain

Lambert is the brother of Spencer Lambert, the owner of the BCH chickens, the famous poultry that get fed mealworms from people paying a BCH-powered machine that dispenses the food. The next day, Spencer then passed the SLP Torch to a girl named Laura over Twitter. BCH fans can watch the SLP Torch being passed with a special website hosted on Github specifically designed to follow the unique token change hands.

Of course, a few LN supporters didn’t like the idea of the SLP Torch, so someone decided to fork an LN version and some users have been passing it to others on Twitter. However, BCH enthusiasts explained on social media that the SLP Torch is quite different to the LN Trust Chain experiment because in many respects it is considered far more trustless. Well-known BCH proponent Collin Enstad noted the differences between the two experiments, stating:

Some things to note: [SLP Torch] passing is done with a non-custodial Badger wallet. There are no long invoices that can time out and I didn’t have to run a node. I didn’t have to have an equal amount of the “torch” in a channel to receive the SLP Torch. It was also sent in an onchain BCH transaction for a fraction of a penny.

Overall the Bitcoin Cash community seems to like the idea of the SLP Torch and the Simple Ledger Protocol in general. Over the last few weeks, individuals and organizations have been creating a ton of SLP tokens using the BCH chain and sharing them across the web. The SLP Torch created by Cipher Gnome is quite unique because it cannot be duplicated and divided and when the SLP Torch experiment comes to an end, someone will hold a piece of history.

What do you think about the SLP Torch? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Bitcoin.com Block Explorer, Pixabay, SLP Torch Explorer, and Twitter.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Bitcoin Cash Fans Start ‘Torch Passing’ Ceremony With a Non-Divisible Token appeared first on Bitcoin News.

Bitcoin News

Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash

March 9, 2019 |

Nakamoto Game Brings a Blockchain Transparent Lottery to Bitcoin Cash

There’s a new bitcoin cash lottery that uses the BCH blockchain as an oracle to provide true provable fairness in the game. Participants toss BCH into a pot and if the last few digits of the user’s transaction ID matches the target block’s hash they win the jackpot.

Also read: UN Panel: North Korea Hacked $ 571M From Asian Crypto Exchanges

Nakamoto Game

Bitcoin cash supporters have been discussing a new type of lottery system that uses the BCH chain to operate in a transparent fashion. Nakamoto Game was announced on March 6 and allows anyone to participate without registration. Basically, a user chooses to send a bet for 0.01 BCH or to place multiple bets by using the scannable QR code. The last alphanumeric digit of the transaction ID (TxID) that the user generated by sending BCH is their lucky number. The system uses a block height every three days which requires 400 blocks to find out the winner of each round.

Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash
Nakamoto Game and previous jackpots.

So far there’s been a bunch of jackpots given away to random players and users can see the reward distribution on the website. The jackpots can vary in size and the current prize that will be rewarded in two days at block height 573,329 is approximately 1.92 BCH ($ 256). When the user’s lucky number (TxID) matches the last alphanumeric digits within the hash of block 573,329, the user wins that round. If no lucky number is found within the target block’s hash then the round rolls over into a new one. The creators of Nakamoto Game announced the lottery system on r/btc and the BCH community seems to like the idea.

“We’ve built the World’s first BCH-based lottery and it’s live,” explained the creators of the Nakamoto Game lottery. “No registration is needed and it’s 100% fair — When the jackpot finds a winner, it will payout instantly.”

Some Believe a Transparent Ledger Can Create Provably Fair Lotteries

After the block height is met and the lucky number is found, the winner takes 70 percent of the jackpot and 30 percent goes to the next round “in order to attract more users and build bigger jackpots.” The BCH lottery creators have detailed that the business takes 1 percent per transaction to fund the operation. Moreover, multiple winners can win the bounty of funds and all of the winners can be verified onchain. Yesterday 10 winners won over 2.6 BCH and the winning TxIDs were displayed on the site next to the “Current bets” tab.

“Congrats on the 33x jackpot,” Nakamoto Game tweeted. “We found 10 winners and the lucky number was “7” — The rule is that the winners take 70 percent of the pot, and 30 percent goes to the next round.”

Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash
Bitcoin enthusiasts believe a transparent blockchain can create provably fair gaming. Nakamoto Game claims to follow this path.

So far the rewards have been stacking up and the pot that was distributed before the 33X jackpot was around $ 450 worth of bitcoin cash. Games of chance, gambling, and lottery systems have been a favorite pastime in society for thousands of years. These days online lotteries and wagers are very popular but people are unsure whether the games are truly fair. Many believe that cryptocurrencies can make such games provably fair due to the transparency tied to the Bitcoin Cash distributed ledger.

What do you think about the lottery Nakamoto Game? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. Bitcoin.com does not endorse “Nakamoto Game” or any related companies or affiliates. Readers should do their own due diligence before taking any actions related to the mentioned companies, creators, associates, or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. All choices are solely the responsibility of the reader.


Image credits: Shutterstock, Pixabay, and the Nakamoto Game website.


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The post Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

4 of Tokyo’s Hottest Nightclubs Plan to Accept Bitcoin Cash

March 6, 2019 |

Four of Tokyo's Hottest Nightclubs Plan to Accept Bitcoin Cash

Japan is currently the third densest region of Bitcoin Cash (BCH) accepting merchants. In order to keep the adoption ball rolling, this week an avid BCH supporter talked the owners of Tokyo-based luxury lounge Mezzo into accepting BCH at three more popular nightclubs in the Tokyo district. The owners revealed that the Japanese clubs V2, Ele, Villa, and Mezzo’s food and beverage cafe Ruby will be accepting BCH for drinks and services this April.

Also read: How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain

Bitcoin Cash Joins Tokyo’s Nightlife

Thanks to a passionate BCH enthusiast, four of the hottest nightclubs in Tokyo will be accepting bitcoin cash for drinks and amenities. Since Japan legalized cryptocurrency payments in April 2017, the country has become a hotbed for digital currency accepting merchants and businesses setting up exchange operations. Japan is also known for being the third most popular region for BCH-accepting retailers. At the time of writing, there are 57 different merchants in Japan who welcome BCH for payments. Now, one of the organizers of the Tokyo BCH meetup, Akane Yokoo, has gotten the owners of Mezzo to extend their BCH acceptance to four other establishments (three nightclubs and one cafe). Mezzo is a luxury lounge in Tokyo which already accepted BCH for meals, drinks, and services.

4 of Tokyo's Hottest Nightclubs Plan to Accept Bitcoin Cash
The luxury lounge Mezzo already accepted BCH and starting this April, the nightclubs Villa Tokyo, V2, Ele, and Mezzo’s Ruby cafe will accept the decentralized cryptocurrency.

Yokoo explained that the BCH meetups in Tokyo are sometimes held at the Mezzo luxury lounge in Roppongi and the club is considered one of the hottest bars in Gaien Higashi-Dori. Additionally, the club uses a Bitcoin.com wallet to accept BCH, which means the owners are accepting the cryptocurrency directly, rather than immediately selling it for yen with a payment processor. Yokoo told our newsdesk that the Mezzo owners will now accept BCH at four other establishments they own: V2, Ele, Villa, and Mezzo’s cafe called Ruby.

“We are really excited to see some of the biggest clubs in Tokyo accepting bitcoin cash payments,” Yokoo detailed during our discussion. “It would be good for foreign tourists who would like to use bitcoin cash when they come to Tokyo and want to go to nightclubs as well.”

4 of Tokyo's Hottest Nightclubs Plan to Accept Bitcoin Cash

BCH Supporters Push Merchant Adoption Relentlessly

V2 Tokyo is a well-known nightclub located in the center of Roppongi that sits atop a very large building. According to reviews, the club has “killer views” and hosts some of the most popular DJs in the industry. Ele Tokyo is another connected club which was created to provide the “world’s highest quality entertainment.”

4 of Tokyo's Hottest Nightclubs Plan to Accept Bitcoin Cash

The Ele nightclub is considered a “high-class sophisticated” establishment for adults. Last April, Villa Tokyo became the latest addition to Roppongi’s nightlife scene, a block away from the main Gaien Higashi-Dori drag. The club was formerly known as Feria but since the new owners took over, the place has become regarded as an “exciting new option for a night out in Roppongi” according to reviews. Mezzo’s Ruby cafe will also accept BCH for food and drinks, the owners explained to Yokoo.

4 of Tokyo's Hottest Nightclubs Plan to Accept Bitcoin Cash

Mezzo’s owners have detailed to Yokoo that the four businesses will begin accepting BCH this April. Yokoo is super pleased to onboard another four establishments, having already convinced numerous Tokyo-based businesses to accept the digital currency. The story follows in the wake of another persistent BCH supporter who convinced the popular website Chess.com to accept bitcoin cash for membership services. BCH proponents are convinced that real world adoption begins by getting lots of merchants onboard with decentralized currencies. So far in regions such as Japan, Slovenia, and North Queensland, the idea seems to be working.

What do you think about the three nightclubs owned by Mezzo accepting BCH for drinks and services this April? Let us know what you think about this subject in the comments section below.


Image credits: V2 Tokyo, Ele, Villa, and the Mezzo.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post 4 of Tokyo’s Hottest Nightclubs Plan to Accept Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain

March 5, 2019 |

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain

Since the latest Electron Cash SLP version release and the newly published Badger Wallet extension, Bitcoin Cash (BCH) supporters have been creating an abundance of tokens. Because the tokens are so simple to develop, BCH enthusiasts have created tokens for fun, giving them names like ‘XRP Cash,’ ‘Doge Cash,’ and even ‘BSV Cash.’ The following step-by-step walkthrough details how to create an SLP-based token on the Bitcoin Cash network and distribute them to friends and family.

Also read: An In-Depth Look at Ethereum’s Maker and Dai Stablecoin

Creating a Custom Token on the BCH Chain Using the Simple Ledger Protocol

Ever since the inception of BCH-based token creation applications, Simple Ledger Protocol (SLP) and Wormhole-launched tokens have been a hot topic. Now anyone can create tokens on the BCH network using these protocols, and over the last week, the BCH community has been messing around by creating different kinds of tokens to share for fun. In this guide, we will be discussing how anyone can create a token using the Simple Ledger Protocol (SLP), a project spearheaded by the developer James Cramer with help from programmers like Jonald Fyookball, Calin Culianu, Gabriel Cardona, SpendBCH, and Mark Lundeberg. Creating a token using the SLP version of Electron Cash is very easy and only takes a few pennies’ worth of BCH to get started.

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain

Step 1: Download Electron Cash SLP Version 3.4.5

The first thing you need to do to create a token on the BCH chain is download the latest version of Electron Cash that includes SLP integration. The SLP code is open source and individuals who are tech-savvy can review the SLP source code hosted on Github. Electron Cash SLP version 3.4.5 can be found at the official website, for Mac and Windows operating systems.

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain
The Electron Cash SLP edition can be found on the official website.

After downloading a new application, you can simply create a new wallet or import an existing wallet into Electron Cash SLP version 3.4.5. A small fraction of funds (a nickel’s worth will suffice) is required to create a new SLP token. So if the wallet was created from scratch, you need to send some dust to the wallet first to move onto the next steps.

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain
How the Electron Cash SLP version looks.

Step 2: Send Funds to the Electron Cash SLP Wallet and Create a Custom Token

In our example, we sent $ 1 worth of BCH to the Electron Cash SLP wallet and waited for the transaction to confirm. After about 10 minutes the transaction was confirmed and we opened the wallet in order to access the token creation settings. The SLP wallet is identical to the original Electron Cash wallet but the logo is green and the wallet’s interface has new ‘Tokens’ and ‘SLP history’ tabs.

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain
In the ‘token tab’ section, right click and select ‘Create a new token.’

When the initial BCH is confirmed, head over to the ‘tokens’ tab and right click below where the transaction history is usually displayed. By right clicking in this area, the wallet will give two choices: ‘Add an existing token’ and ‘Create a token.’ Simply press ‘Create a token’ and a second window will pop up that allows you to custom-build your own SLP token on the BCH network.

Step 3: Customize the Token Name, Ticker, Quantity, Receiving Address, and Optional Attachments

The customizations include token name, token symbol (optional), token quantity, and the receiving address. It also includes the ability to append an optional URL, document hash, and how many decimal places will be included so the token can be divided. Additionally, the creator can customize the quantity created and whether or not the token will have a fixed supply.

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain
Customizing the SLP token before broadcasting it to the BCH ledger.

Step 4: Preview and Broadcast

You can now preview the token or create the token onchain, which will only cost a tiny network fee. After the tokens are created, the Electron Cash wallet will give a transaction ID that can be used on a block explorer to view the genesis creation. From here, you can send the tokens to another SLP compatible wallet like the Badger wallet extension and utilize the coins for whatever you desire. SLP created tokens can only be seen by a compatible wallet and an SLP address format looks like this: simpleledger:xxxxxx followed by an alphanumeric string. SLP tokens need to be sent to SLP addresses or the tokens could get lost in a wallet that doesn’t recognize the tethered data.

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain
Users can preview the token data before broadcasting.

Bitcoin.com developer and Bitbox creator Gabriel Cardona has published a PR template for individuals and organizations wishing to create tokens. This means token creators can include a token name, symbol/ticker, genesis TXID and asset templates in sizes between 32×32, 64×64, 128×128 and SVG. “We hope this helps with token interoperability between Bitcoin Cash apps,” Cardona tweeted on March 4.

The Satoshi Cash Experiment

On Feb. 4, I decided to have some fun and create a new token called Satoshi Cash (STC) and distribute the tokens on forums and social media. Satoshi Cash has a fixed supply cap of 10.5 million tokens to represent half the supply of Satoshi’s original design. Due to this digital scarcity, STCs are divisible to nine decimal places. Satoshi Cash is also linked to an online version of the whitepaper hosted on Bitcoin.com. The reason for this is so that when people get some STC sent to them, they may be enticed to read Satoshi’s seminal work for a better understanding of peer-to-peer electronic cash. Moreover, using a special tool, I tethered a hash to the token supply which is tied to the original genesis block hardcoded into the main chain.

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain
The STC token as shown on Bitcoin.com’s Block Explorer.

The next morning, on the Reddit forum r/btc, I created a thread which detailed that I was giving away STCs to those who provided me with an SLP address. I further added a bonus question for 100,000 STCs and gave it to the first person who answered the question correctly. In just a couple of hours, I managed to give away 550,000 STC out of the total supply of 10.5 million. I plan to continue the experiment until I’ve distributed the majority of STC coins. In our next token experiment, the step-by-step guide will teach people how to create a token using the Wormhole protocol.

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain
Giving away 550,000 STC away on r/btc using the Badger wallet.

Creating a token on the BCH chain is easy and distributing them to friends and perfect strangers is fun. What’s not easy is adding value to these tokens, but some individuals and businesses could achieve this by allowing them to act as discounts and coupons for services, backing them with some type of commodity or fiat reserve, or creating a security token which could be collateralized as company shares. So far, people have been sharing these tokens just for fun, as I did with the STC experiment, but in the future, the concept may spread into something far more valuable.

What do you think about the SLP tokens? Have you tried to make a token using the Bitcoin Cash network? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. Readers should do their own due diligence before taking any actions related to the mentioned applications and services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Image credits: Shutterstock, Electron Cash, Simple Ledger Protocol, and Pixabay.


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