Move over Bitcoin and Block Chain, there's a "New Kid" in town who has "Superior Technology" with "(((NO))) Transaction Fees" and he wants your piece of the Cryptocurrency Pie. Time to let the old has been go and make room for a more modern as well as more robust Platform for a much "Bigger and Brighter Future".
The limitations of the Block Chain have revealed themselvesas lacking, in the need to "Fork" ever so often in order to keep up with the requirements of Supply and Demand by the addition of a "Fork" when the chain becomes congested and at each fork a "Disruption" in Flow, Service as well as a certain amount of Risk to Shares, Shareholders and their Holdings must be realized at each juncture of every Fork. Any Chain is only as strong as it's weakesy link...
There is only just now a better way in IOTA and to see the IOTA Whitepaper click here: http://iota.org/IOTA_Whitepaper.pdf
This technology naturally succeeds the blockchain technology as its next evolutionary step and comes out with features required for micropayments conducted on a global scale.
SatoshiPay CEO recently wrote:
"We love bitcoin for its pioneering role in the creation of our industry, but some blockchain networks it inspired have evolved faster than bitcoin itself, so we decided to move on to superior technology." - Meinhard Benn -
Micropayments startup SatoshiPay has announced it intends to phase out its use of the bitcoin blockchain as the underlying technology that enables its transactions.
, SatoshiPay has partnered with the IOTA Foundation, a non-profit that oversees network development, to explore replacing bitcoin with IOTA as its settlement network. SatoshiPay has been relying on the bitcoin network to settle payments since its product launch in 2015.
Still, in that time, the economics of the bitcoin network have undoubtedly changed. According to CoinDesk’s forthcoming State of Blockchain report, the average transaction fee was around $2.41 per transaction during Q2, up from below $0.02 in 2015.
SatoshiPay:
Overview:UPDATE:
Total Equity Funding $1.31M in 4 Rounds from 5 Investors
Most Recent Funding $854.54k Venture on January 17, 2017
- Headquarters: London, England
- Description: SatoshiPay is a Bitcoin nanopayment solution for web content.
- Founders: Meinhard Benn
- Categories: Bitcoin, Content, FinTech, Payments
- Website: https://satoshipay.io/
Company Details
Founded: September 1, 2014Employees:1 - 10 | 1 in Crunchbase
SatoshiPay is a bitcoin nonpayment platform that enables digital transactions on a micro-scale. Its technology enables content providers to monetize digital goods in extremely small increments and without the need for locking up user funds. The platform allows its users and companies to trade digital goods in very small increments. Based in Berlin, Germany, SatoshiPay receives funding from Axel Springer Plug & Play, Henning Peters, Coinsilium Group, and Fast Forward Innovations.
Any news on their next developments? I got some Iota at 50cents and I am awaiting its arrival at the moon 😏
Not really, but what I see it that they need to find supporters such as in this article to really make things happen. So I'm thinking soon, very soon :)
I would like to know more about this system. On the paper looks amazing, but the story tell us the is on the ground that the system need to be ready.
I really hope that this could works. Will change a lot of things for the future.
@aboimpinto ; Yes it really does look promising and the best information that I have been able to find so far is on this other post I did, you just might be interested:
https://steemit.com/cryptocurrency/@eliyahu/ether-review-69-iota-and-the-post-blockchain-era