Sentences with phrase «micropayments as»

E-gold was highly divisible and allowed micropayments as tiny as one ten - thousandth of a gram.

The idea behind this on - chain upgrade would allow micropayments as a payment channel will be opened between two parties, which is recorded on the Blockchain.

The protocol will also allow smart devices to share resources and make payments, while reducing the load for the end user and enabling machine - to - machine (M2M) micropayments as a result of low transaction costs.

If the cost of transaction processing is a significant fraction of the transaction value, then that's bad, so bitcoin really only makes sense for transactions worth more than a few pennies (and most people define micropayments as sub-penny).

Virtual currencies like Bitcoin can be used to make micropayments as small as 25 or 50 cents.

Compared to credit cards and PayPal, the latter of which defines a micropayment as less than roughly $ 5, bitcoin is divisible into 100 million smaller units called Satoshis, valued at $ 0.000002 at today's price levels.

Not exact matches

Although the use of crypto - currencies puts a new spin on it, the history of micropayments for content is littered with failures, including a litany of strange - sounding digital would - be payment systems such as Beenz and Flooz.

Then Google came along with micropayments, making affordable advertising accessible to little guys, as well.

As transactions involving a very small sum of money have been made unfeasible by the current financial institutions, Bitcoin micropayments have become the best alternative to use in exchange for something made available online.

But in the short run, there are already practical applications, such as 21 Inc.'s marketplace for callable APIs (application program interfaces) that charge bitcoin micropayments for their services.

First, Bitcoin's utility in facilitating micropayments allows people to more easily receive compensation for the many tasks they perform as part of a digital network.

Not sure if this will be good for Bitcoin because of micropayments and exposure, or bad for Bitcoin because of association with sleazebags such as Zynga.

As Kurt Huang, co-founder of BitPass (R.I.P.), puts it, «Micropayments could indeed make a comeback.»

8.8 We may, from time to time, offer paid features (such as subscriptions, micropayments, etc.) through other service providers, such as the Apple app store or the Android market (each, an «App Store»).

With new business models being implemented — such as micropayment, the piecemeal purchasing of sections, chapters, and extensions it is likely that writers will rethink their work.

Killer Instinct built itself through micropayments and after getting a good chunk of content made it released as a full game.

Indeed, micropayments are a hot topic in the social media world as an alternative to advertising - based models — Facebook has had a payment system in the works for what seems like a zillion years.

Efficient micropayments that can be implemented using Bitcoin technology have been postulated as a way to decentralize the Internet and return it to its origins.

Lightning has that covered, as well, with Block and Jerry's and Starblocks, crypto - couriers dishing out ice cream and coffee in exchange for LN micropayments (sadly, these services are not yet fully available).

Recently, micropayment - powered content monetization platform Yours switched from bitcoin to litecoin as its cryptocurrency of choice.

The free nature of IOTA opens the door to micropayments, which will be important as the IoT industry develops and grows.

Bitcoin is often advertised as being very cheap and a good solution for micropayments.

Through time - lock and hash - lock mechanisms and a trust-less system wherein transactions can be committed while broadcasting to the rest of the Blockchain at a later time, users can send as little as 0.00000001 BTC, or 0.01 bits, without the need for custodian fees (which can make such micropayments impractical otherwise).

While Charles referred to the Lightning Network as «good technology» that will be helpful for enabling instant transactions and micropayments on Bitcoin, he also pointed out a number of caveats to the positive aspects of this new payments technology in the early days of its availability.

In one instance, the firms said today, a fiat currency micropayment was sent from a Canadian bank to Paycase before it was transmitted to Bitso using bitcoin, before finally settling as fiat in a Mexican bank account.

This reduction could place the throughput of mainstream payment networks such as Visa within reach, as well as opening up possibilities for internet of things (IoT) applications or micropayments for web - based content.

(Sending a whole bitcoin is probably a lot for a payment channel, as these might be more useful for micropayments — but it's perfectly possible.)

An ideal use case for the technology is micropayments: Imagine a user making numerous very small payments (e.g..0001 BTC) to Big Music Company as she listens to songs over a certain period.

DCG also sees value in Ethereum Classic as a smart - contract platform for the Internet of Things and as a micropayments layer.

«Now, the goal is to get these tools in front of as many content creators as possible to build a truly open platform with micropayments at its core.

A stream of small, off - chain payments are made to the broadcaster every second as the viewer continues to watch a stream, and all of those micropayments are then combined into one larger payment that is made via the bitcoin blockchain.

«The channels created inside these groups work in the same way as regular micropayment channels,» the researchers add.

The Transaction Method — Send a micropayment from your Bitcoin address to the Transition Bot as verification of ownership.

Elizabeth Stark, Lightning Labs founder and chief executive officer, says merchants and especially online businesses will be the most likely users as it facilitates a high volume of payments and its near - zero fees allow for micropayments.

He cited the recent decision by content micropayments startup Yours to move its platform to litecoin as a notable «win» that suggests further progress can be made with the altcoin's target audience.

As the world of cryptocurrency matures, and transitions from a mere investment vehicle to being used to make real - world payments, IOTA's unique approach and free transaction fees, especially for micropayments, mean it's well positioned.

«Scalable Funding of Bitcoin Micropayment Channel Networks» revealed that with necessary solutions in place such as micropayment channels can support at least 800 million users with the current infMicropayment Channel Networks» revealed that with necessary solutions in place such as micropayment channels can support at least 800 million users with the current infmicropayment channels can support at least 800 million users with the current infrastructure.

The Lightning Network allows to make micropayments between two parties without a necessity to broadcast directly to the blockchain, which contributes to reducing transaction fees, increasing the speed of the whole payment process as well as enhancing privacy.

A recent research paper from the Blockstream research team entitled «Scalable Funding of Bitcoin Micropayment Channel Networks» revealed that with necessary solutions in place such as micropayment channels can support at least 800 million users with the current infMicropayment Channel Networks» revealed that with necessary solutions in place such as micropayment channels can support at least 800 million users with the current infmicropayment channels can support at least 800 million users with the current infrastructure.

Emercoin is a leading blockchain platform specializing in innovative services, such as emcSTREAM (micropayment library for streaming media), emcLNX (a peer - to - peer text - advertisement network), and others.

In Decker's view, off - chain protocols, such as the Lightning Network or Duplex Micropayment Channels, are desirable for long - term scalability because they evolve much faster and do not rely on consensus from the entire ecosystem to enable.

The portfolio of the Coinsilium company includes the development of such blockchain projects as: Factom, provider of «transparent» blockchain software for public services, Rootstock, a sidechain with the support of smart contracts, Rivetz, provider of blockchain - solutions for strengthening cybersecurity, SatoshiPay, a platform for micropayments, Contentio, service for B2B blockchain payments and provider of blockchain infrastructure for corporate clients Neurowave.

Raiden is designed to take a load off the main blockchain separately processing micropayments and thus facilitate machine - to - machine transactions using the Ethereum blockchain as a settlement layer.

The site outlines uses such as sharing cash with friends, retail payments, micropayments, and instant token swaps.

It is touted as offering a peer - to - peer system for making micropayments that does not delegate the control of funds or trust to third parties.

These «Lapps,» as Lightning implementations have come to be called, ranged from desktop and mobile wallets, to micropayment blogging platforms, to gambling sites, to explorers, and much more — though, in most cases, still designed for Bitcoin's testnet.

Throughout the interview, Kaufman and co-founder Johan Sandstrom sought to frame bitcoin as ill - equipped to become a more widely used micropayments solution, given that its high cost restricts startups from promoting its use.

A white paper released by Telegram and cited by the magazine outlines a four - stage plan for the so called Telegram Open Network, which includes a platform for third - party services, a platform for micropayments and a micropayment channel network, as well as a blockchain consisting of a master chain and 2 - to - the - power - of - 92 accompanying blockchains.

The micropayment startup based in London has adopted Lumens as its underlying cryptocurrency for the schemes settlements.

BCH is quickly becoming the micropayment alternative to bitcoin core (BTC), and as of this writing is the number three cryptocurrency by market cap at just over 58 billion USD.