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Author Topic: [2016-01-26]Bitpay & Microsoft are Adding Full Nodes to the Bitcoin Network  (Read 262 times)
ukeden (OP)
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January 27, 2016, 10:59:33 AM
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BitPay has announced its new feature service with Microsoft’s Azure blockchain as a service (BaaS) platform. The Bitcoin-based merchant processor BitPay will allow people to run a full Bitcoin node on the cloud.

The company wants to lower the barrier to entry for those who want to run a full node. They say that whether you are a company or an enthusiast who wants to support the system, Bitcore may be your solution. In its recent blog post, BitPay said, “running a full node is the best way to do it.” The company says that anyone can host a node with Bitcore on the Azure cloud without the need for hardware or devices. Bitcore’s website describes it as “ A powerful, modular node for bitcoin and blockchain-based apps.”

Bitcore is said to have a large set of Node.js language libraries to enable more functionality and a native set of utilities for testing and developing services with the digital currency. BitPay says that this feature allows people to run full nodes without “relying on third party APIs for querying the blockchain.” The company has also implemented the Copay wallet into the backend and users can choose to use it or another client of their choice. In order to use the cloud, user systems will need the Node.js, 100GB of disk storage, and at least 4GB of RAM. Bitcore’s documentation reads:

More https://news.bitcoin.com/bitpay-microsoft-adding-full-nodes-bitcoin-network/
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Carlton Banks
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January 27, 2016, 01:57:16 PM
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A whole heap of "hell no"s

All this is doing is pushing the "be your own bank" feature away for average users. If you want Bitpay or Microsoft to be your new bank, be my guest lol. You go first.

If you want a real full node, run the real bitcoin software



Can't get it running on your machine? Hogs the internet or your hard disk too much?

Bitcoin is about more than investing in the future of money, it's about having the skills and the resources to do it in the first place. So....
  • Buy that multicore new PC
  • Buy that bigger, faster hard disk for it
  • Buy that Mbit/s rated broadband/cell phone
  • Brush up those computing skills (via Professor Search Engine Grin)

That's what you need. Then you've got your own bank. And it really does have all the features that banks have to use. (except for all the queuing and the garbage BS from over-coiffured airheads, you can lay all that on for yourself)




Vires in numeris
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