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If you're interested in Bitcoin, you may want to check out several other attempts at creating decentralized digital monetary systems. The Ripple project is cre
by jplewicke 16y ago
If you're interested in Bitcoin, you may want to check out several other attempts at creating decentralized digital monetary systems.
The Ripple project is creating a system where each node can issue their own unique money, and where transactions occur over paths of mutual trust: http://ripple-project.org/ http://ripple-project.org/
I just released Rivulet, an alternative Ripple server that should be useful for website owners who want to let their users engage in user-to-user transactions without having to centrally distribute currency to them: https://github.com/jplewicke/rivulet https://github.com/jplewicke/rivulet
Pelle Braendgaard has proposed OpenTransact, a standard for RESTful digital transactions, so that we can escape from this mess of incompatible APIs and help people transact in their choice of currency: http://www.opentransact.org/ http://www.opentransact.org/
- hippich 16y agoThe most distinguish feature of bitcoin - there is no issuing center. Bitcoin is a first monetary system I heard of who implemented that. If you know other with similar features - please post links to them.
- dublinclontarf 16y agoThere is also a cost in creating bitcoins, prior to them running out of bitcoin numbers there will be an ever increasing use of electricity. Another point is there is a limited supply, unlike other currencies where the possible supply is unlimited.