Following are the major Bitcoin news of the day
BitPay Propose to Create P2P Database System
Bitcoin payment processing company BitPay recently proposed to utilize the blockchain technology to create a P2P database system. In its whitepaper, the company briefly discussed its plan to create a separate blockchain, ChainDB, to organize blocks that can be later referred to the Bitcoin blockchain for validation. You can read the full story here.
Uday Kotak Hints Towards Experimenting with Disruptive Finance Technologies
Kotak Mahindra Head Uday Kotak recently spoke to CNBC about his views on the futuristic payment technologies. In his interview, he briefly appreciated the technology and admitted to have had a fascination for it. However, the Indian entrepreneur never mentioned the locomotive of these technologies — the Bitcoin — leaving the community in some sort of a puzzle about a potential adoption. You can read the full story here.
Leading Bitcoin Wallet Companies Disappoint in Security Test
A recent OBPP Bitcoin Wallet Security Report rated Coinbase and Blockchain among the lowest scoring companies when it comes to securing users’ funds. The rating, which was derived from three separate factors — usability, quality and feedback, rated Dark Wallet as the eye-among-the-blind, by awarding it the maximum rating among all. Overall, almost all the leading Bitcoin wallet companies disappointed in this independent report. You can read the full story here.