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.
- Bitcoin2 Project — a new generation of virtual currency for B2B and B2C.
- AnyStock — Stock and Financial Flash Charting Component.