OpenBazaar Now Accepts Bitcoin Cash

Decentralized marketplace OpenBazaar added support for Bitcoin Cash Zcash (Beta) payments
08 February 2018   1424

OpenBazaar is a free online marketplace and a peer to peer application that doesn’t require middlemen, has no fees and no restrictions.

The platform announced on Wednesday that it had integrated Bitcoin Cash, the cryptocurrency that forked from the main Bitcoin blockchain last year. It has also added a beta release for Zcash support.

Both currencies are added as part of the project's version-2.1 release.

With this update, users will have the option to create new nodes for processing Bitcoin Cash and Zcash (Beta) payments, respectively.

It is worth noting that the startup has raised more than $4 million to date. The investments are coming from Andreessen Horowitz and Union Square Ventures as well as industry investors like Digital Currency Group and Berlin-based BlueYard.

According to the release, more currencies and multiple currency support are on its roadmap for future releases.

Bitmain to Announce New ASIC Chip

BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH
18 February 2019   93

This Monday, the Chinese mining company Bitmain announced the next-generation 7-nm chip codenamed BM1397, which, according to it surpasses its predecessors in performance and energy efficiency and is suitable for mining cryptocurrencies on the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

The BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH, which is “higher by 28.6% than the previous 7-nm chip from Bitmain”, codenamed BM1391.

BM1397 is manufactured using TSMC, a Taiwan-based semiconductor product company, which is one of the leading suppliers in the cryptocurrency mining industry.

The BM1397 chip will be installed in the new ASIC miners of the Antminer S17 and Antminer T17 models, the release of which Bitmain promises to announce later. The company does not provide other details of the updated devices in its message.