Bitcoin Marketplace OpenBazaar Now Accepts a Variety of Cryptocurrencies

ShapeShift.io, an instant digital asset exchange for Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term tokens, has partnered with online bitcoin-enabled marketplace OpenBazaar via their integration of the Shifty Button. This integration allows OpenBazaar shoppers to purchase items from the decentralized, peer-to-peer site with Ethereum, Zcash, Ripple and dozens of other options beyond just Bitcoin.

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“Enabling users to pay for OpenBazaar purchases with bitcoin and dozens of other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term was always something we wanted to do and ShapeShift enabled us to do that quickly and easily,” said OpenBazaar CEO and Project Lead Brian Hoffman. “Our community has been very eager for this feature and we’re happy to be able to provide it through a great partner.”

OpenBazaar, which launched in April 2016, is an open source project with the goal to create a decentralized network for peer-to-peer online commerce using bitcoin. The platform allows buyers and sellers of goods to directly create shops and sell goods without fees, restrictions or accounts. The open-source project promises an alternative to the centralized online shopping experience offering more freedom via cryptocurrencies.

The ShapeShift Shifty Button provides websites the option of accepting dozens of cryptocurrencies by generating a snippet of code. Prior to the company’s Shifty Button integration, OpenBazaar was only available to those who had Bitcoin to deposit, now sellers can accept dozens of digital assets.

“We feel a distinct kinship with the OpenBazaar project, both companies foster permissionless exchange between anyone, anywhere on Earth,” said ShapeShift CEO and founder Erik Voorhees.