With the launch of Paymail it is now possible for people to send money to names (“paymails”) rather than long, random character strings like Bitcoin addresses. Paymails are much easier people to remember and to write down than addresses. It is a huge improvement to the user experience. Paymails are the username system of Money Button. Although many people in the real world…
People should never have to see long, random, unfamiliar character strings like Bitcoin addresses. People should see names that they can easily write, type or tap into a phone. Paymail is a new identity protocol for Bitcoin that removes Bitcoin addresses from the user experience. Instead of addresses, Paymail uses human-readable names that look exactly the same as email addresses. Paymails are…
Since we last we wrote about the Top Ten Money Button Apps, a lot has happened and many new apps have been created. Many of the new apps do things that weren’t possible until recently, particularly around on-chain data and applications. We thought it would be cool to share the best of the new apps. bitstagram The most popular of the new apps…
Over the weekend, Money Button users uploaded hundreds of megabytes of data including photos, images and video to the Bitcoin SV blockchain. We have filled several new record-breaking block sizes, including the new largest block ever at 127,981,064 bytes, mined by Coingeek. This is even more impressive than the 113 MB block mined last week. These records are important because they demonstrate…
Money Button has filled the largest block in history at 113 MB, mined by Coingeek. The block contained high resolution photos of Potrero Hill in San Francisco, CA uploaded by swiping Money Button over twelve hundred times. The block was mined on the Bitcoin SV blockchain, the business-friendly and scaling-focused blockchain designed to achieve the original vision of Satoshi Nakamoto of bringing…
We are creating a huge body of articles and videos that explain everything you need to know to be able to build apps on Bitcoin SV, with or without Money Button. In the first documentation group, we outlined basic technical preliminaries including numbers, elliptic curves, and basic encoding tools that are used in Bitcoin and applications based on Bitcoin. In this second…
There is no limit to the amount of data you can store on the Bitcoin SV blockchain. Currently, the miners are charging 1 satoshi per byte which at current market prices is about 7 US cents per 100 KB. Because opreturn data sizes larger than 100 KB are not being mined, it is necessary to break up large files into pieces less…
In order to help people build applications with Money Button and with Bitcoin SV (BSV), we have started a documentation series that includes written documentation on the Money Button Documentation page and a video series on YouTube. We have completed the first set of videos, which are all of the low-level technical preliminaries necessary to be able to understand Bitcoin (or at…
If you swipe Money Button a lot in a short period of time, you may get an error and have to wait about ten minutes before you can swipe again. This “speed limit” error is not related to Money Button itself, but is caused by a scaling limitation in the Bitcoin SV node software. It is not possible to send more than…
Money Button is like the Facebook Like Button, but it’s money. It’s very easy for developers to build it into apps, and it’s very easy for users to pay with it. Transaction fees are zero, and payments cannot be blocked, reversed, frozen or inflated away. As we add features like support for giant OP_RETURN data making immutable data storage apps possible, we’re happy…
