The Castilian Bitcoin startup Coinffeine has launched a technical preview of its peer-to-peer (P2P) Bitcoin exchange. For the offset fourth dimension inward a P2P exchange, users tin transportation away sense an automatic in addition to secure central similar to that offered past times traditional exchanges, but alongside all the advantages of the P2P.
This version is intended to enable independent users in addition to banks to travail the application at an early on stage, integrate it into their services in addition to operate every bit Bitcoin exchanges. Anyone interested tin transportation away download the application and, in 1 trial it is installed, tin transportation away start out to purchase in addition to sell bitcoin alongside other Coinffeine users.
Although the Coinffeine Technical Preview is fully functional, they decided to become step-by-step inward this early on phase in addition to distribute a version that is configured to last used on a Testnet or examination blockchain.This way, users tin transportation away travail it without spending actual bitcoin.
“From today, the Bitcoin community tin transportation away travail Coinffeine, the offset P2P Bitcoin central without arbitrators,” said Alberto Gómez Toribio, CEO of Coinffeine. “This is the same version that nosotros are offering to our banking corporation partners in addition to customers. Users volition accept to hold back a picayune longer to utilization it alongside existent bitcoins, but nosotros are certain the hold back volition last worthwhile. We promise to transform Coinffeine’s relationships alongside banks in addition to payment processors into services that compass them added value.”
To examination the platform, users tin transportation away download it from the Coinffeine website. Just every bit users do non ask to register to utilization BitTorrent, they do non ask to register or render whatever identification to utilization the application; they exactly install it in addition to utilization it.
Coinffeine is available for Windows, Mac in addition to Linux.
The novel version besides introduces a novel user interface, which is rattling dissimilar from its previous populace appearance.
“Few Bitcoin products invest sufficient resources inward blueprint in addition to usability. Our squad continues to grow, in addition to nosotros accept of late added an practiced inward this plain to our team. He has been inward accuse of the transformation of Coinffeine’s user experience, in addition to the resultant is something completely new,” said Gómez. “Coinffeine’s intention is to combine the concept of a wallet in addition to central inward the same product. It is a concept nosotros believe accept a non bad potential, in addition to thus nosotros exit the next steps to the imagination.
“Coinffeine is a desktop wallet similar Armory or Electrum alongside which you lot command your money safely,” Gómez added. “This allows the companionship to avoid disclosing MSB, because nosotros do non acquit upon the money or the bitcoins from our users. We accept learned much from the P2P manufacture in addition to nosotros desire to apply many of these concepts to the FinTech ecosystem.”
The free concludes the current of individual testing that started Dec 18th, where Coinffeine presented the offset alpha version of the platform inward a populace trial inward Madrid in addition to a express release of users joined the individual user sense program.
Prior to the free of the 1.0 version, they volition evaluate the creation of a similar individual testing program, but alongside existent bitcoin in addition to money.
Coinffeine, a desktop application
Coinffeine is a desktop application that has been defined past times those who accept tried it every bit the “BitTorrent for Bitcoin.”
The application plant every bit a wallet, which allows users to shop bitcoin safely in addition to to connect an OKPay trouble concern human relationship – a payment processor similar to PayPal – to purchase in addition to sell bitcoin alongside other users.
The primary departure alongside other P2P Bitcoin exchanges, such every bit LocalBitcoins or BitSquare, is that these exchanges business office similar eBay, i.e. alongside the ask to institute contact alongside around other person, concord on the price, in addition to pay, trusting that the user volition have the bitcoin. In Coinffeine, the procedure is automatic, condom in addition to without arbitrators; the sense is the same every bit using an central every bit Bitstamp or Coinbase.
“In LocalBitcoins or BitSquare you lot can’t do trading efficiently because you lot can’t hold orders inward the marketplace position that run automatically. In these markets, when a user opens an lodge that corresponds to yours, you lot must intervene. Some platforms contain persons acting every bit an arbitrator inward a dispute, which makes the procedure a picayune safer, but much slower in addition to expensive,” said Gómez.
In addition, with Coinffeine you lot do non accept transportation your bitcoins to a platform to operate, every bit inward Bitstamp. Instead, they stay at all times inward your wallet, in addition to alone you lot accept command over them.
Coinffeine’s blueprint is similar to BitTorrent: It plant betwixt users. This way that the user does non accept to register or render personal information to utilization the application – he or she tin transportation away only download it in addition to utilization it.
Coinffeine besides is opened upwardly source and the entire rootage code is available to anyone who wants to review it on Github.
Brief history of Coinffeine
Coinffeine is a Bitcoin startup based inward Madrid. It was founded inward 2014 past times 4 Castilian engineers alongside previous sense working together on projects related to distributed systems in addition to big data.
It was the offset companionship inward the basis that was founded using bitcoin every bit social capital. The potential of Coinffeine’s piece of occupation has been recognized at conferences such every bit CoinSummit. The Castilian organisation ICEX of late selected the startup every bit 1 of the 12 Castilian companies alongside virtually international outlook to last presented inward Silicon Valley.
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