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Bitcoin Cash [BCH]: New Cashaccount.info ID system ties names to BCH addresses

Namrata Shukla

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Bitcoin Cash [BCH]: New Cashaccount.info ID system ties names to BCH addresses
Source: Pixabay
Bitcoin Cash [BCH] proponent, Jonathan Silverblood, has announced a new identification system that will enable a custom human-readable alias for payment information. Jonathan, who developed the system, has launched a beta version of Cashaccount.info in order to test its functionality and receive feedback. On Bitcoin Genesis block’s tenth anniversary, January 3, all the beta account names will be invalid when the system finalizes, reported Bitcoin news.

The proponents of BCH can now experiment with the new BCH-powered alias-address system called Cashaccount.info. Previously, Silverblood’s BCH name system, called Cash-ID, was reported to have allowed human-readable account name tied to the keys of a BCH address. According to the publication, the protocol is open source and uses an OP_Return transaction when the name is broadcast and approved on the BCH network.

The details about the naming process and how it functions can be found on Gitlab along with Silverblood’s Cash Accounts Code and specifications. Silverblood explains the reason behind his motivation behind creating Cash Accounts on Gitlab. He said:



“The Bitcoin address system based on hashing data creates complex and difficult to share identifiers. While these identifiers have proper checksums and misspellings are rare, they are still very cumbersome to transfer over the telephone, in a regular chat or similar — Many attempts have been made to obfuscate the addresses by transferring them as QR codes or NFC tags, but the need for a human-accessible format remains.”

On the home page, it reads:

“Bitcoin Cash needs an alias/address system that is designed to meet the expectations of normal users. Cash Accounts allows for human readable account names that are easy to share in conversation.”

Source: Cashaccount.info

Source: Cashaccount.info

The Cash Account would be even more efficient once more users register for usernames or aliases along with few infrastructural changes. The Cashaccount.info website displays all the Bitcoin Cash supporting wallets Silverblood has reached out for client compatibility.

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75916|Bitcoin [BTC] and Bitcoin Cash [BCH] to be accepted as payment options by global technology solutions provider

Priya

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Bitcoin [BTC] and Bitcoin Cash [BCH] would be accepted as payment option by global technology solutions provider
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Avent, a leading global technology solutions provider, announced that they would be accepting Bitcoin [BTC] and Bitcoin Cash [BCH] for their goods and services, as a mode of payment on their platform. The news comes after Switzerland’s largest e-commerce company, Digitec-Galaxus AG, announced the acceptance of Bitcoin, Ethereum [ETH], XRP and a few other altcoins for payments.

Like most platforms, Avent is enabling Bitcoin payments via BitPay, the largest Bitcoin payments service provider. Sunny Trinh, the Vice President of Demand Creation at Avent said,

“We’re working with BitPay to facilitate secure blockchain payments for all types of customers so they can focus on developing their products, not how to pay for them. Whether it’s Bitcoin or Bitcoin Cash, we can handle it”

The blog post stated that developers were “looking for flexibility,” when launching products in the market. It added that this particular announcement would give their customers “more convenient” options to complete their transactions.

The announcement further stated that when a customer chooses to check-out with Bitcoin or Bitcoin Cash as their payment option, Avent and BitPay would collaborate on verifying the funds, processing their order and completing transactions. In the future, they will also be able to enable cryptocurrency payment requests outside of the United States, on a country to country basis.



Sonny Singh, COO of BitPay said,

“As one of the largest global technology solution providers on the Fortune 500 list, Avent is truly an innovative company that listens to the needs of their customers, as demonstrated by their decision to accept bitcoin payments.”

He further stated,

“Not only is paying with bitcoin easier and faster than with credit cards and bank wires, it is less expensive and acceptance of it is growing. I predict Avent will attract many new blockchain-focused customers from around the world that want to take advantage of paying with bitcoin.”

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Bitcoin Cash

75844|Bitcoin Cash [BCH]: UnitedCorp files opposition to dismiss against Roger Ver, Bitmain and Kraken in hard fork fraud claims

Akash Anand

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Bitcoin Cash [BCH]: UnitedCorp files opposition to dismiss against Roger Ver, Bitmain and Kraken in hard fork fraud claims
Source:Pixabay

The Bitcoin Cash [BCH] hard fork that occurred on November 15, 2018, captured multiple headlines with many marking it a major event in the field of cryptocurrencies. The hard fork is the one that resulted in the split of the BCH blockchain to give birth to two different cryptocurrencies: Bitcoin Cash [BCH] and Bitcoin SV [BSV].

The fork was dominated by two camps, the Bitcoin ABC team led by Roger Ver and Bitmain’s Jihan Wu while the Bitcoin SV was led by nChain’s Craig Wright and Calvin Ayre. Post the fork, Ver and Wu were both sued by United Corp, an American management company who claimed that the ABC camp including popular cryptocurrency exchange Kraken, had flouted rules and regulations to benefit from the fork. The initial lawsuit said:

“The defendants [Bitmain, Bitcoin.com, Roger Ver and Kraken] collectively engaged in unfair methods of competition and through a series of unconscionable, deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders.”

The lawsuit was refuted by the alleged parties, citing lack of evidence and bogus claims. Following this, UnitedCorp has filed a new opposition to dismiss in its lawsuit. The company challenged the defendants to explain their actions under oath and stated that they will pursue discovery by way of deposition or under subpoena of the defendants.



The latest lawsuit made it the first antitrust action brought in the United States that involves the cryptocurrency industry. The new release from the company said:

“Miami‐based United American Corp announced today that their legal counsel Akerman LLP has filed a Consolidated Opposition to Defendant’s Motions to Dismiss Complaint in its suit against Bitmain Group, Bitcoin.com, Roger Ver, Jihan Wu, Kraken, Jesse Powell, Amaury Sechet, Shammah Chancellor and Jason Cox (the “Defendants”). The opposition was filed after the Defendants filed a motion to dismiss the UnitedCorp action on February 1st 2019.”

UnitedCorp also specifically pointed out to Bitmain’s usage of the Overt ASICBoost as a method to enhance Bitcoin ABC’s version of the fork. The company further stated that the firmware was made available in advance of the last Bitcoin Cash update by Bitmain only to Bitcoin ABC-supported pools, which are operated by the Roger Ver owned Bitcoin.com. The lawsuit also added:

“UnitedCorp alleges that these activities are evidence of not only a violation of the accepted standards and protocols associated with Bitcoin since its inception, but a violation of US antitrust laws including parts of the Sherman Act.”

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