Bitcoin Private Merchant Platform Beta to be Launched

The current ETA for phase 1 roll-out is Friday, April 13, 2018
31 March 2018   965

Bitcoin Private uses the same privacy technology as ZClassic, and the payments are published on a public blockchain, but the sender, recipient and other transactional metadata remain unidentifiable. Just like Bitcoin, Bitcoin Private supports peer-to-peer transactions without an intermediary. Unlike Bitcoin, Bitcoin Private supports a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds.

Quite recently Bitcoin Private has published the merchant platform roadmap, and you have a chance to have a look at it  below.

Bitcoin Private Merchant Platform Phase 1 BetaBitcoin Private Merchant Platform Phase 1 Beta

Bitcoin Private team reported that it didn’t initially expect to deliver a payment solution this soon, however, given how quickly business vendors across the world are beginning to accept BTCP as payment, they decided to expedite the internal planning and development process so that these vendors would have something safe and user friendly to use for now. The current ETA for phase 1 roll-out is Friday, April 13.

Further on, Bitcoin Private plans to signup a base of merchant vendors who will serve as beta users of their phase 1 merchant platform. Moreover, Bitcoin Private has assembled a partnerships team that works on signing up merchant vendors, onboarding them with the first version of our payment solution, and supporting them on any questions they may have. 

Kraken to Add Bech32 Support for BTC and QTUM

Bech32 format corresponds to addresses that support sending transactions using SegWit scaling technology
08 November 2018   181

The popular American cryptocurrency exchange Kraken announced the long-awaited integration of Bech32 addresses for Bitcoin and QTUM.

To date, Bech32 addresses have been integrated only for withdrawal operations. Bech32 addresses start with “bc1” and “qc1” for bitcoin and QTUM, respectively. Support for Bech32 addresses for depositing operations will be implemented soon, the company promises.

The Bech32 format corresponds to addresses that support sending transactions using SegWit scaling technology, activated in the Bitcoin blockchain about a year ago. According to the transactionfee.info portal, by now the share of SegWit transactions in the Bitcoin blockchain has again dropped to 42%, after being briefly close to 50%.

Earlier, the Kraken exchange stated that it supported the launch of SegWit in the bitcoin blockchain and uses the Bech32 format to make transfers in its internal systems, but refused to provide customers with access to such addresses until the technology is integrated into large wallets such as Bitcoin Core. Release of Bitcoin Core 0.16.0 with support for SegWit was held in February of this year.

Get more info on Bech32 at GitHub.