Developers Behind Bitcoin Cash’s Wallet Yenom Propose New Payment Protocol

2018-10-23 00:51

The Bitcoin Cash community continues to grow. Developers that created the Bitcoin Cash wallet Yenom said that they ware working on a different payment protocol for the Bitcoin Cash (BCH) ecosystem. According to Shun Usami, an important developer at Yenom, released a wallet scheme in which it shows a new payment protocol.

The scheme released by Shun Usami is called the Deep Link Payment Protocol (DLPP) and would allow users to pay on different websites with Bitcoin Cash just by clicking on a specific link. Other developers involved in the project are Taiki Uchida and Aoi Serikawa.

These Yenom developers proposed a new wallet scheme for the global Bitcoin Cash network that is linked to a wallet application with a callback URL. According to some reports, this concept is similar to the BIP21 (URI scheme) in which users can pay for different goods and services just by clicking a link.

At the moment, the current experience related to mobile wallets is not user-friendly. And indeed, nowadays, crypto payments tend to take longer than what they should. In order to make a payment today, it is necessary to copy an address and paste it in a specific wallet after providing information about the funds that are going to be sent.

With the new DLPP scheme, users will not have to do all these steps if they want to make a simple cryptocurrency purchase using Bitcoin Cash. The users only need to confirm the payment.

According to Bitpay, an popular cryptocurrency platform that uses a version of BIP 70, 71 and 72, explained that the method led to better payment efficiency for users interested in using virtual currencies for payments.

Moreover, Yenom programmers said that the protocols allow forward compatibility. Mobile clients would not have to act on a specific URL callback if they do not have users’ consent. If everything goes well, this protocol could reduce three or five steps to process a virtual currency payment.

Promoting easier virtual currency payments is also a way to increase crypto popularity.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cashcoin (CASH) на Currencies.ru

$ 0.0004289 (+0.63%)
Объем 24H $2
Изменеия 24h: -19.83 %, 7d: -30.46 %
Cегодня L: $0.0004262 - H: $0.0005443
Капитализация $22.93k Rank 999999
Цена в час новости $ 0.004044 (-89.39%)

cash bitcoin protocol yenom payment wallet scheme

Источник: bitcoinexchangeguide.com

cash bitcoin → Результатов: 126


Фото:

Сентябрь для 2Miners: майнинг Bitcoin Cash и Neurai, а также прошивка для ASIC-майнеров Ice River

В сентябре 2023 года команда майнинг-пула 2Miners приложила немало усилий для комфорта пользователей. В частности, речь идёт о внедрении Bitcoin Cash и Neura...

2023-10-2 15:40


В сети Bitcoin Cash вышло обновление CashTokens

Разработчики Bitcoin Cash (BCH) выпустили обновление CashTokens, которое позволяет выпускать цифровые активы внутри сети.   Пользователи смогут создавать взаимозаменяемые и невзаимозаменяемые токены, а также DeFi-приложения на основе Bitcoin Cash.

2023-5-15 19:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT

Movement, Hyperliquid, and Bitget Token were the biggest winners in the past week. Dogwifhat, Gala, and Aptos were the biggest winners from the other end of the table. In this week’s cryptThe post Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT appeared first on AMBCrypto.

Ethereum whales purchase $1B worth of ETH: Market recovery ahead?

Whales bought 340,000 ETH in the last 3 days worth more than $1 billion. ETH might have completed its correction as the Long Term Trend Directions is strongly bullish. Ethereum's ([ETH] whalThe post Ethereum whales purchase $1B worth of ETH: Market recovery ahead? appeared first on AMBCrypto.

Is the Altcoin party over? Bitcoin dominance threatens alt sector!

Positioning for altcoins? These bearish signals call for caution.  The altcoin season index slipped below 50%, marking a new monthly low.  Altcoins are in massive discounts after the recenThe post Is the Altcoin party over? Bitcoin dominance threatens alt sector! appeared first on AMBCrypto.

Fantom breaks $1: Will FTM continue its bullish trend towards $1.50?

Fantom’s price surge is supported by strong network growth and key resistance targets near $1.50. Technical indicators and market sentiment highlight cautious optimism for sustained upward moThe post Fantom breaks $1: Will FTM continue its bullish trend towards $1.50? appeared first on AMBCrypto.

Why Ethereum Classic could be setting up for a 20% price jump

On-chain metrics revealed that exchanges have experienced a substantial $22.85 million worth of ETC outflow. ETC long/short ratio indicating strong bullish sentiment among traders. ETC, the The post Why Ethereum Classic could be setting up for a 20% price jump appeared first on AMBCrypto.