Merchant-friendly GoByte Pay allows fee-less acceptance of BCH payments

Malaysia-based GoByte has launched its GoByte Pay mobile app that allows merchants to accept Bitcoin Cash (BCH) without incurring fees.

The app, available on both the iOS App Store and Google Play for Android, is also designed for customers paying with their digital wallets. It also facilitates transfers between a user’s wallets, and provides an easy-to-view transaction history.

Among security features are Touch ID and Face ID options, in addition to password-protected accounts.

The app also provides synchronized access between desktop and mobile versions; QR code payments; live conversion of various currencies and displaying of one’s current balance in U.S. dollars; a built-in address book; and push notifications.

In an email to CoinGeek, the GoByte team confirmed that Bitcoin BCH is one of the first crypto coins that will be integrated in the payment system.

GoByte CEO Hisyam Nasir said, “GoByte’s mission is to be the leader in making cryptocurrency payments easier for users and merchants around the world, through the GoByte Pay platform.”

Nasir said development was still ongoing, noting, “We are developing a simple, powerful and adaptable platform which includes features that small and large businesses require to accept and process cryptocurrency payments.”

Brad Nickel, Adviser for GoByte, said in a blog post that the company will be implementing additional components, such as multi-currency compatibility, easy to implement shopping cart functions, and improving overall functionality of its apps already out on the market.

Developers of the app are working to improve integration with point-of-sale (POS) terminals, which would support random switching between addresses, audio-visual indication of payments made, and offline functionality.

GoByte has signed an agreement with retail management solutions firm iVend to have GoByte Pay installed in iVend’s POS systems located around the world.

The company also said it plans to issue cryptocurrency debit cards, ATMs, and POS terminals.

Apart from its mobile and desktop payment app, GoByte has a cryptocurrency GBX, said to be “an enhanced version” of Dash, as well as an online wallet.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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It’s now possible to launch a website on the Bitcoin BCH blockchain

The Bitcoin BCH blockchain continues to show itself to be a versatile and strong platform. Not only is it behind the highly popular cryptocurrency by the same name, but the network itself has seen an extensive amount of developments lately that show how useful it is in real-world scenarios. Most recently, Donald Mulders, a dedicated Bitcoin BCH enthusiast, posted on Yours.org about his attempts to create a website on the blockchain, and requested some assistance. He found what he needed, and more, and the on-chain hosted Bitcoin Cash Hoarder is now live.

Explains Mulders, “I started playing around with an idea to see how far I could take it — The idea is to host a simple HTML website on the bitcoin cash blockchain that easily could be viewed in a browser so that even my own mother is able to view it as if it was just an ordinary website.”

He further offers, “Imagine if someone could publish sensitive information without the need for organisations such as [WikiLeaks], readable as a website for anyone in the world — This way anyone could publish information anonymously without endangering themselves or any middleman.”

After creating the idea, Mulders proceeded to create the site. It is a simple variation of the Snake game in JavaScript and was uploaded using cryptograffiti. The next step was to extract the data from the blockchain in order for it to be developed on a website, for which he used the BitDB platform to query the code. At this point, Mulders hit a brick wall and asked for some help, which is where unwriter stepped in.

Mulders was able to capture the attention of unwriter, who is behind several Bitcoin BCH projects, including BitDB 2.0. Using a tool called cryptograffitiweb, they were successfully able to create a simple HTML page tied to the Bitcoin BCH blockchain.

Explained unwriter, “I actually went ahead and wrote a simple web app that successfully renders [the HTML file].” He added that there it’s possible the site content may change, as it loads from the first transaction from that particular address. Nonetheless, it is still the first website hosted on the BCH chain in this manner. “And here it is… A website served from Bitcoin — Written in 5 minutes, with 59 lines of code,” exclaimed unwriter.

To see the site live, point your browser to the Bitcoin Cash Hoarder address. The source code for the site can be found in the Github repository for Cryptograffitiweb. While this early iteration of a Bitcoin BCH-hosted website may be a little clunky, it shows what’s possible with the blockchain. Having uncensorable webpages hosted on a network is a very big deal, and a huge advance for the technology.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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Bitcoin BCH stress test a huge success, over 10MB blocks mined

September 1 marked the day a massive stress test was done on the Bitcoin BCH network, and the results are in. Over 2.1 million transactions were registered on the network with a significant number of 10MB blocks—and some up to 21MB—being mined, with most of the 10MB blocks being mined by CoinGeek, the worlds first enterprise-level Bitcoin mining operation. The stress test was administered to verify the strength of the network prior to the upcoming hard fork scheduled for this November, and will more than likely turn into a regular annual event.

The number of transactions seen on the Bitcoin BCH network equates to 63% of all cryptocurrency transactions registered last September 1. It overwhelmed that of the second-most seen currency in the period, Ethereum, and was over 20 times that of BTC. According to Coin Dance, the number of microtransactions on the BCH network spiked to 14,300 per block. The average number for BTC is around 1,000 to 1,500.

As an added benefit, there was no increase in transaction fees. In fact, according to BitInfoCharts, the transaction fees actually dropped. They dipped from the normal average of $0.022 to $0.0017.

Jameson Lopp, software engineer and founder of bitcoinsig.com, was somewhat impressed by the results. He tweeted that the test had “succeeded in breaking various transaction and mempool visualizers.” In a separate tweet he posted more of the technical details of the stress test, pointing to some limitations. He said, “BCH Stress test recap: * Bottlenecks caused services such as the transaction generators to slow & error out, preventing mempool from exceeding 22 MB. * Largest block: 21.35 MB * Avg block size was ~3.6 MB: 11% of max capacity * 16% of Bitcoin ABC nodes dropped off the network.”

Not only did Bitcoin ABC have trouble keeping up, so did ViaBTC. This isn’t too much of a surprise, as Dr. Craig Wright had already predicted that the mining operation would not be able to function properly in a large-scale scenario and said that it couldn’t handle blocks larger than 8MB. As the information seen on blockchair.com confirms, ViaBTC didn’t mine any blocks above 7.999MB. For miners, it’s high time to upgrade to suppliers offering software that can scale as Bitcoin clearly scales already if you are working with the correct suppliers.

The stress test has also been successful for Bitcoin BCH’s price. It rose from $521 a week ago to hit $648 on September 1. As of this writing, it sits at $634.61, an increase of 2.78% over the past 24 hours.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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Rick Falkvinge on why Bitcoin BCH is true driver of digital currency

As part of his “We Are All Satoshi” series, Bitcoin BCH pioneer and supporter Rick Falkvinge has published his latest video. Falkvinge raises several good points about the motivation behind different cryptocurrencies and how these motivations impact the direction the currency takes. It all comes down to one fundamental question: Why are we here?

In perusing the various cryptocurrency forums, patterns of discussion begin to emerge. On the one hand, the BTC community has a propensity to discuss price, almost to the point of being obsessed with how the value changes from one minute to the next or how to make the biggest return on a BTC investment. On the other hand, the topics of concern in the Bitcoin BCH forums are more focused on the community and developing the cryptocurrency ecosystem.

While it may appear, then, that the Bitcoin BCH community is apathetic toward the price of the currency. It would almost seem as though the topic of price is being suppressed. However, as Falkvinge points out, this isn’t the case. Instead, there is a “collective disinterest.” The difference is that Bitcoin BCH proponents are more concerned with ensuring the development and survivability of cryptocurrency than they are with lining their own pockets.

In the early days of cryptocurrency, it seemed that supporters were breaking off into one of two camps—activists or entrepreneurs. Activists can live off of what’s available, while entrepreneurs want to make money. An entrepreneur who only wants to make money will only turn out to be an “acceptable entrepreneur.” Great entrepreneurs excel because they want to make a difference in the world. These types of entrepreneurs have a great deal in common with the activists.

Falkvinge’s rightfully points out that the number one “guiding star”—or prime directive, as he calls it—for cryptocurrency, in keeping with the original design created by Satoshi Nakamoto, is to employ the “create liberty through profit” motive. In other words, liberty comes first, profit is secondary. This is the complete opposite of the way the BTC community, which is singularly focused on making money, thinks. To them, it’s a status symbol, not a digital currency. This isn’t how you change the world.

This is why BCH community doesn’t care about getting rich. It is concerned about making things better. Falkvinge acknowledges what virtually all cryptocurrency enthusiasts think—that if it makes money in the process, it will be great. However, this is not, nor should it be, the primary goal of cryptocurrency.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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