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AnyChart Supports Bitcoin Project

September 29th, 2011 by Timothy Loginov

AnyChart has licensed out AnyStock — the best web component for time-based and financial data visualization — to Bitcoin2 project, thus becoming its technology sponsor.

Bitcoin is an open source peer-to-peer network created in 2009 by Satoshi Nakamoto (whose real identity is unknown).

It tracks and verifies transactions in bitcoins — a digital currency which is generated by Bitcoin software. When the program is run, users’ computers are constantly trying to solve cryptographic puzzles to get bitcoins as a reward. As more coins are generated, the puzzles get harder, and the reward goes down, which makes Bitcoin a deflationary currency. Bitcoins can be converted to and from other currencies, primary by online exchange services. In August 2011, there were over 7.1 million bitcoins in existence.

Currently, a new version of the Bitcoin algorithm is developed – Bitcoin2. Its aim is to raise bitcoins’ liquidity by making transactions safer, creating a congenial investment climate for financial companies, and providing person identification tools so that the system could be used within the international legal framework.

Bitcoin’s ideology is close to crypto-anarchism that expounds the use of strong public-key cryptography to bring about privacy and freedom.

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