Coinbase seeks solution to making microtransactions plausible and - TopicsExpress

Coinbase seeks solution to making microtransactions plausible and painless In a recent blogpost, Coinbase–a now almost household word when Bitcoin is discussed–talked about a new service they’re providing that allows users to transact BTC exchanges with portions as small as 1 satoshi (or 0.00000001 Bitcoin.) When this is done it’s completed instantly, confirms instantly, and has no fees. The reason? Because Coinbase is making the exchange off-block–i.e. it doesn’t use the usual protocol to make the exchange (at least not at first) meaning there’s no mining fee accrued.

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