27 Nov '15, 3pm

21 Inc looks to expand Bitcoin use

21 Inc looks to expand Bitcoin use

Behind the somewhat crude term ‘mining’ is an initiative which could enable Bitcoin to become, notwithstanding its rather turbulent beginnings, a currency just like any other. Meanwhile, 21 Inc has recently begun to manufacture and sell its ‘Bitcoin Computer’ which includes a customised chip that will enable users to record and confirm transactions in the digital cryptocurrency, a process known as ‘mining’. 21 Inc’s Bitcoin Computer Many readers will recall that the main strength of the Bitcoin system lies in the number of nodes involved – basically the number of computers connected to the Bitcoin network which are continually registering all transactions made in the currency. This is, in essence, startup 21 Inc’s value proposition: a computer selling at an affordable price which, when connected to the Bitcoin network, will help to drive further decentralisation of the cry...

Full article: http://www.atelier.net/en/trends/articles/21-inc-looks-ex...

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