Blockstream Launches Crypto Tipping App

Blockstream has announced the release of Nanotip, which is designed to test Blockstream implementation of the Lightning Network
27 March 2018   1003

Blockstream is the provider of blockchain technologies working mainly in cryptography and distributed systems. From fraud to counterfeiting, from security to confidentiality, from accountability to transparency, it has a mission to solve problems that undermine trust in today's financial systems.

Blockstream has stated that Lightning Network offers new possibilities for Bitcoin as it relies on unique payment requests, stepping away from the static addresses that create privacy implications when tipping on Bitcoin.

Blockstream lightning nanotipBlockstream Lightning Tip Box

On March 24 Blockstream has announced a solution for this problem with Nanotip, which is designed to test Blockstream implementation of the Lightning Network.

The nanotip LApp solves Lightning’s payment-request problem for tipping by creating a simple web server that writes Lightning payment requests on the fly. It gives each content provider their own tip-bot, but does it in a way that keeps those creators in total control, while giving them stronger privacy than a classic Bitcoin tipjar. Meanwhile, patrons of a creator or service can choose exactly who and how much they want to tip and will receive a Lightning invoice to do so with lightning speed.
 

Blockstream announcement

Moreover, on March 26, Blockstream has released Nanopos, a system for businesses with fixed-price items like, for instance, coffee shops. It work like that: the buyers choose their items and receive a QR code, which they can use to make a payment to the vendor’s Lightning Charge server.

Blockstream believes that Lightning Network can become the mechanism for everyday commerce, and will work on developing and improving the services.

VeriBlock to Report on Mainnet Launch

VeriBlock believes their technology allows networks of other cryptocurrencies to use the bitcoin blockchain to counter the “51% attacks”
21 March 2019   81

Using the bitcoin blockchain to ensure the safety of altcoins, the VeriBlock project announced the launch of the main network. This is reported in a press release.

According to the developers, the VeriBlock technology allows networks of other cryptocurrencies to use the bitcoin blockchain to counter the “51% attacks”. The project is confident that this approach not only ensures the security of less popular networks, but also allows their developers to focus on innovation and functionality.

According to analysts of The Block, 25–45% of bitcoin transactions fall on VeriBlock. The VeriBlock network uses a consensus algorithm called Proof-of-Proof (PoP). The project seeks to ensure the safety of other blockchains by loading a snapshot of the altcoin registry into the BTC blockchain, using the OP_RETURN function and other methods to embed network state data.

The project’s website states that PoP allows altcoin networks to use the most protected Bitcoin blockchain with its Proof-of-Work algorithm.